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:
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:
Additional benefits:
*Terms and conditions
apply