Four Egyptian banks decided to raise the maximum limits for the personal loan to 3 million pounds, in light of the rise in the prices of all luxury goods.
Banks raise maximum limits for personal loans
The banks that raised the maximum limits for the personal loan are Al-Ahly, Cairo, Alexandria and EG Bank, and the personal loan is the best program for customers because it is easy to obtain, especially employees, as it is granted with a salary guarantee only.
Personal loan documents from banks
A valid copy of the national ID.
A recent utility receipt.
Income proof certificate from the employer.
– For those working in professions and self-employment, they are required, in addition to these papers, to submit the tax card, the commercial register of the project in which they work, and a bank account statement.
The value of the personal loan in 4 public and private banks
Ahli Bank
A personal loan is granted from 1.5 million pounds to 3 million pounds, and for a repayment period from one year to 12 years, at an interest rate of 16.5% to 18.5% annually, decreasing.
– Granting a personal loan from Al-Ahly Bank requires that the customer be from 21 to 60 years old when paying the last installment of the customer, and his monthly income is not less than 1500 pounds.
Administrative expenses range from 2% of the total loan value over the loan repayment period of less than 7 years, and 3% over 7 years.
Cairo Bank
Personal loan from Banque du Caire of up to 3 million pounds, with a repayment period from 6 months to 12 years, with an interest rate of 16.5% to 21.5%, according to the client’s job
Granting a personal loan from Banque du Caire requires that the customer be from 21 to 60 years old when paying the last installment of the customer, and his monthly income is not less than 5,000 pounds.
Administrative fees: 2% of the total loan amount is deducted once.
Bank of Alexandria
The value of the loan from the Bank of Alexandria ranges from 5 thousand pounds to 3 million pounds as a maximum, and the disbursement period ranges from 6 months to 12 years, with an interest rate that varies according to the type of customer
Granting a personal loan from Banque du Caire requires that the customer be from 21 to 60 years old when paying the customer’s last installment, and a minimum of EGP 1,000 for the customer’s income.
Administrative fees: 2% of the total loan amount is deducted once.
EGYBANK (EG)
The value of the loan is from 20 thousand pounds to 3 million pounds as a maximum, and the disbursement period is from 6 months to 10 years, and at an interest rate determined according to the type of customer and the classification of the company in which he works.
The age of the customer should be from 21 to 65 years when the last installment of the loan is paid, and the minimum monthly income is 2500 pounds.
Administrative expenses: from 1.25% to 2.5% of the total loan value
