"Solar Power Station for Home" Loan


The solar power station for home loan is granted to Egyptians through the following schemes:

  • Employees against a pledge from their employing company to transfer the monthly salary or installment.
  • Employees against proof of income certificate.
  • Self-employed professionals and trade and industrial business owners.
  • Pensioners and pension beneficiaries (against a pledge to transfer the pension annuity or without it).
  • Egyptians and foreigners against their savings deposits.

 

General loan conditions:

  • Minimum age of debtor is 21 years old.
  • A loan cap of 500,000.
  • Financing up to 100% of the value.
  • Loan terms up to 120 months.

 

Required documents:

  • Copy of valid National ID.
  • Recent original utility bill for the customer's address.
  • Solar power station price quotation from one of the companies contracted by the bank.

 

For employees:

  • Proof of income certificate.
  • Pledge from their employing company to transfer the monthly salary or installment (In case their employing company pledges to do the transfer).

 

For liberal professionals and business owners:

  • Copy of tax card.
  • License to practice the profession for self-employed persons.
  • An official certificate from the Commercial Registry for liberal activities.
  • Bank balance statement for 6 months.

 

For pensioners and pension beneficiaries:

  • Statement of monthly pension from the pension entity.
  • Statement of pension beneficiary (if applicable).
  • Pledge to transfer the pension annuity (In case the entity pledges to transfer the annuity).

 

Additional benefits:

  • Free life insurance policy throughout the loan period.


*Terms and conditions apply