Millionaire Millionaire, tomorrow will be a millionaire, this song agrees with the offer of the National Bank of Egypt, which was announced a few days ago, which is a loan of up to 3 million pounds, with the possibility of repayment over very long periods.
The National Bank announced a loan for employees and the self-employed, whether with a salary guarantee or without any guarantees, and the bank published the details of this loan on its official website.
And the bank said in its announcement: “Dream on a big one and buy what you are in. Now you can take personal financing of up to 3 million pounds.”
And you pay it in installments over a maximum of 12 years without administrative expenses for a limited period.
The repayment period is considered the longest repayment period announced by the National Bank so far, because the value of the loan is very large.
Loan details from Al Ahli Bank
To guarantee the transfer of salary or installment
Government employees and workers in oil, gas and petrochemical companies
Loan amount up to 2 and a half million pounds salary transfer guarantee
2 million in guarantee of transferring end of service benefits
The term of the loan is up to to 12 years old
Free life and total disability insurance
Free checking account
– No guarantor
No credit inquiry fees
Terms and Documents
The age of the borrower should not be less than 21 years and not more than 60 years at the end of the financing.
An approved letter from the employer indicating the monthly income and the date of appointment.
An undertaking by the employer to transfer the salary or installment to the bank until the completion of the loan repayment.
A copy of the valid national ID card.
Administrative expenses: 2% of the financing amount, paid once in advance, with a minimum of 250 pounds, if the financing is repaid over 7 years
And 3% with a minimum of 250 pounds if the financing is repaid for a period of more than 7 years. (Currently exempted)
– Prepaid finance commission of 5% of the paid amount in case of cash payment,
10% in case of payment by any other means of payment.
Late payment fine: EGP 20 per month + 2% of the amount due and not paid.
For employees of multinational companies, holding companies and private joint stock companies listed in the bank, the maximum loan amount is up to 2 million pounds salary transfer guarantee
To see the general conditions, click over here.
