Books – Islam Lutfi:
Ambassador Suha Gendy, Minister of Immigration, reviewed with the Egyptian community in Riyadh and eastern Saudi Arabia, in her first foreign visit to meet the Egyptian communities directly, a number of services that have been allocated to Egyptians abroad, by a delegation of representatives of a number of ministries and agencies concerned with meeting the needs of Egyptians abroad.
The delegation included a number of representatives of the Egyptian national banks, who reviewed during the meeting all the advantages, savings vessels and services allocated to Egyptians abroad, expressing their happiness for being part of the delegation accompanying the Minister of Immigration to meet the Egyptian community in the Kingdom of Saudi Arabia to discuss cooperation with the Egyptian community in Saudi Arabia and discuss ways to meet their needs.
For his part, the representative of Banque Misr announced the opening of the bank’s first branch in Riyadh during the first quarter of 2023, indicating that products have been allocated to Egyptians abroad in Banque Misr, such as “My Transfer” to transfer money from abroad, and it converts from foreign currency to Egyptian currency at the selling price, and this is a special price. .
He added that Banque Misr provides the service of obtaining a mortgage for Egyptians abroad, as it is possible for Egyptians residing abroad to apply for it according to the following:
First: loans secured by savings vessels
– The loan is granted to the bank customer who owns the original savings fund, or to the natural guardian, or to the donor.
– The loan is granted to the bank’s customers, whether Egyptian or foreign, who own savings vessels in Egyptian pounds of all kinds (certificates – deposits – savings accounts) only, and the facility is granted in Egyptian pounds only (the grant is not granted by guaranteeing a day-to-day account).
Grants are made at 80% of the guarantee pool.
– The largest financing rate of up to 100% of the value of the housing unit subject to financing.
– The largest financing amount up to 50 million pounds.
The longest repayment period of 15 years.
Administrative expenses of 1% of the financing amount.
Second: Loans with a personal guarantee
– The largest financing amount up to 5 million pounds.
The longest repayment period of 15 years.
– The largest financing rate of up to 80% of the value of the housing unit subject to financing.
– The customer is insured once morest the risks of death and total disability borne by our bank.
Competitive interest rate compared to other banks.
Administrative expenses of 2% of the financing amount.
The required documents are as follows
A copy of the valid national ID card of the client and the guarantor.
A copy of the client’s valid passport.
– A certified copy of the employment contract.
– A rental contract for residence / proof of the address of residence abroad.
Mobile phone bill for the last 3 months.
Proof of the period of residence abroad (a minimum period of residence abroad for at least two consecutive years).
– A bank account statement showing the monthly income transferred to the customer for the last 3 months.
Initial documents required for the housing unit
Seller’s title deed.
Building permits.
Real estate transaction certificate.
– Any other documents required by the Legal Affairs Sector.
– The customer is contacted through his e-mail.
The documents related to the housing unit shall be filled out by one of the persons residing in the Arab Republic of Egypt.
Documents for obtaining financing will be provided on the bank’s website.
The representative of Banque Misr also announced the provision of products for Egyptians abroad to finance tourist trips and airline tickets, through the following program:
1- Owners of savings containers.
General conditions for granting funding
Minimum age of 21 years.
The maximum financing amount is up to 500,000 pounds.
Financing rate up to 100%.
The maximum financing period is up to 120 months.
Basic documents required
A copy of the valid national ID card.
– A quote for the trip approved by the tourism company, hotel or airline.
Banque Misr credit card holders
The interest-free installment card service has been made available to meet the needs of various customers from all sectors. The following are the details of the offer:
– The installment period is 6 months, with a minimum of 500 pounds, administrative fees are 4%.
– The installment period is 12 months, with a minimum of 1000 pounds, administrative fees of 7%.
– The installment period is 18 months, with a minimum of 2000 pounds, administrative fees of 10%.
– The installment period is 24 months, with a minimum of 3,500 pounds, administrative fees are 13%.
– The installment period is 36 months, with a minimum of 5,000 pounds, administrative fees of 18%.
The installments will be through the Banque Misr call center 19888.
The representative of Banque du Caire also reviewed the services provided by the bank to Egyptians abroad, the types of transfers that are carried out in various currencies, adding transfers to all electronic wallets inside Egypt Wallet, as well as adding to the Banque du Caire remittance card in Egyptian pounds, and disbursing Egyptian pound transfers through all Fawry outlets. Plus for amounts less than 10,000 Egyptian pounds, and the beneficiary is notified by SMS to facilitate the exchange of the transfer, and the exchange of Egyptian pound transfers through all Egyptian Post outlets, whether in addition to their accounts by mail or cash at the counter.
Representatives of the National Bank and Banque du Caire also presented offers and facilities to all customers, the hotline number for Banque du Caire 1699 and the short hotline for the National Bank.
