Durable Goods Loan

Durable Goods Loans are granted to Egyptians through the following finance schemes:

• Employees with a pledge from their employing company to transfer the monthly salary or installment.
• Employees with proof of income certificate.
• Self-employed professionals and business owners.
• Pensioners (with or without a pledge to transfer pensions).
• Loans guaranteed against savings deposits (Egyptians and foreigners).

General conditions for granting the loan:

• Competitive interest rate
• The debtor must be at least 21 years old
• Loan capped at up to EGP 500,000 (conditions applicable).
• Financing worth up to 100% of the value of the good
• Loan period up to 120 months.

Required documents:

• Copy of a valid national ID card
• Recent original utility bill (gas, electricity, water, telephone)
• Validated price list from the retailer 

For employees:

• A certificate of income is required
• Employer's pledge to transfer the monthly salary or installment

For self-employed, commercial and industrial business owners:

• Copy of tax card
• Copy of license/permit to practice the profession
• Copy of commercial registry
• Bank statement for previous six months

For pensioners:

• Certificate of pension.
• Beneficiaries of the pension statement (in the event of existing beneficiaries).
• Pledge to transfer the monthly pension.

Additional benefits:

• Free life insurance policy throughout the loan period.                                                                                                 

*Terms and conditions apply