Banque Misr – Al Araby Card
Al
Araby Card is a loan granted to the client in the form of a credit card for
those who wish to buy durable goods and electronic devices of various kinds
from Al Araby Company using an installment scheme.
Card
Uses
Card can be used for
purchasing durable and electronic goods from Al Araby sales outlets
and from many of the company’s accredited distributors across Egypt.
Card
benefits
- Value of purchases is spread over 24 monthly installments
with no down payment and low interest rates.
- Utilize the services of Al Araby maintenance centers.
- Monthly installments can be paid easily with the card at any
of Banque Misr branches across Egypt and at any of BM branches in hotels and
airports operating for 24 hour
Required
Document for getting the Card
- A photocopy of a valid national identity
card
- A recent utilities receipt (Gas– Electricity – Water –
landline) referring to the place of residence for the last 3 months under the
name of the applicant or a first degree relative along with documents in
evidence of relationship.
- Proof of Income Documents:-
Employee
- An
accredited employment verification letter from the concerned department
clarifying (Annual or monthly income/ job position/ hiring date), whereas the
submission date of the letter should not exceed two months from the
issuing date. Or
- 3 recent salary
receipts, whereas one of them should be issued one year from submission date. Or
- A bank
statement showing salary transfer, whereas one of the transfer transactions was
executed a year ago.
Free
professions/ commercial/industrial activity owner
- A recent
transcript of the tax card and commercial registry
Self-employe
- A
Photocopy of work permit, tax card, and syndicate card.
Free
professions/ commercial/industrial activity owner
For
the free professions one of the below documents should be submitted:
- A bank
statement (original/photocopy) for the last 6 months accredited from the
issuing bank under the client’s name or the company’s name.
- An
accredited certificate from one of the central bank certified chartered
accountants.
- A
certificate from the tax authority identifying the client's income for the last
year.
