Many banking services are provided by the National Bank of Egypt to all individuals, whether from its clients or those who seek and think to join it and participate in one of its services and be one of its clients.
Among these services are personal loans, which Al-Ahly Bank provides to a number of different groups in society, and they can apply for and benefit from them, such as the loan we are talking regarding today.
The National Bank has made available a personal loan of up to one million pounds, for one of the groups of society that occupies a large proportion of it, namely the pensioners.
Pensioners loan from the National Bank of Egypt
The maximum loan amount is one million pounds.
The repayment period is up to 10 years (120 months).
Loan Features
Free life and total disability insurance.
– Without warranty.
No credit inquiry fees.
Free checking account.
Terms and Documents
A copy of the valid national ID card.
The age of the borrower should not be more than 65 years at the end of the financing.
The customer’s undertaking to transfer the pension to the bank for the duration of the financing period.
Commissions and Fees
– Administrative expenses 2% of the financing amount to be paid once in advance with a minimum of 250 EGP if the financing is paid on
7 years, and 3% with a minimum of 250 EGP if the financing is repaid for a period longer than 7 years.
5% prepayment commission for financing.
A fine for late payment of the installment is EGP 20 per month + 2% of the outstanding amount.
To apply for the loan following meeting the conditions, press here.
