Within the framework of the national initiative by H.E. the President of the Republic, launched for the purpose of driving private demand and supporting local products with the aim of incentivizing consumption, you can now utilize installment plans for the payment of certain goods and services, through the use of credit cards or a personal loan as follows:

• Initiative Duration: 3 months, commencing from 26/7/2020 and renewable for additional periods.

Specifications of the installment payment plan through personal loans during the initiative period:

• Personal loans are provided to clients whose salary or pension is transferred to the bank
• Granting loans at a 1% discount on the return rates applied outside of the initiative, with complete exemption from administrative fees
• Loan tenure shall be for up to 24 months
• Loan value shall range from EGP 5,000 to EGP 25,000

• Installation tenure shall start from 12 months and may extend up to 24 months
• Installation payments shall be made at a reduced interest rate of 16%, decreased annually, at a minimum payment of EGP 500 per transaction.