Firstly: loans guaranteed by saving pools

Firstly: loans guaranteed by saving pools

Characteristics & advantages:-

  1. Loans guaranteed by saving pools “saving books / time deposits / CDs”.
  2. Without a guarantor.
  3. The return can be withdrawn or used to repay the loan at the customer’s request.
  4. Loans can be obtained against saving pools and the amount should not exceed 85%of the balance.
  5. Quick and easy procedures.
  6. Competitive interest rates.

Documents required:

  1. A copy of the saving pool’s document (saving book – deposit contract – the original CD) after writing on the original “frozen”.
  2. A copy of a valid ID card.
Secondly: personal loans

Secondly: personal loans

Characteristics & advantages:

  1. For permanent employees in the governmental institutions, public sector, public enterprises sector, farmers and self-employed professionals.
  2. Flexible payment periods up to 120 months. In case of governmental institutions or public sector or public enterprises sector employees, the client should have been working for two years and the maturity of the loan should not exceed his working years until retirement. The possibility of transferring the whole salary or the installment. The amount of the installment should not exceed 35% of the net salary transferred.
  3. For permanent employees in the governmental institutions, public sector or public enterprises sector, the maximum loan amount is LE 500,000 whereas it is LE 50,000for farmers and free professionals.
  4. Opening a current account.
  5. Free life insurance policy.
  6. Quick and easy procedures.
  7. Competitive interest rates.

 Documents required:

  1. A certified letter from the employer clarifying the gross monthly income and the date of hiring.
  2. A commitment from the employer to transfer the salary or the installment during the loan validity.
  3. A copy of a valid ID card in which the job title is stated.
  4. Utility bill ‘Water, or telephone or gas “dated no more than 3 months”.
  5. In case of farmers and self-employed professionals, they should submit the convenient collaterals accepted by the bank.

Thirdly: Auto loans

Thirdly: Auto loans

Characteristics & advantages:

  1. For employees in the governmental institutions, public sector, public enterprises sector, farmers and self-employed professionals.
  2. No need for guarantor.
  3. Opening a current account.
  4. Flexible payment periods up to 60 months.
  5. Financing up to 75% of the car price or it can be 100% for the bank’s depositors provided that the loan shouldn’t acceed 85 % of the deposits balance.
  6. Quick and easy procedures.
  7. Competitive interest rates.

Documents required:

  1. A certified letter from the employer clarifying the gross monthly income and the date of hiring.
  2. A commitment from the employer to transfer the salary.
  3. A copy of a valid ID card in which the job title is stated.
  4. Utility bill “Water, or telephone or gas”dated no more than 3 months’.
  5. Three quotations from three different suppliers stating the price of the car to be purchased.
  6. In case of farmers and self-employed professionals, they should submit the convenient collaterals accepted by the bank.
Fourthly: second handed cars and tractors

Fourthly: second handed cars and tractors

Characteristics & advantages:

  1. For employees in the governmental institutions, public sector, public enterprises sector, farmers and self-employed professionals.
  2. Free life insurance.
  3. Opening a current account.
  4. Flexible payment periods up to 60 months.
  5. The loan amount may be 75% of the value of the second handed car or tractor and should not exceed LE 150,000.
  6. The amount can be 100% for the bank’s depositors provided that the loan should be85% of the deposits balance.
  7. Quick and easy procedures.
  8. Competitive interest rates.

Documents required:

  1. A certified letter from the employer clarifying the gross monthly income and the date of hiring.
  2. A commitment from the employer to transfer the salary.
  3. A copy of a valid ID card in which the job title is stated.
  4. Utility bill “Water, or telephone or gas “dated no more than 3 months”.
  5. A copy of the valid car or the tractor license provided that model was manufactured three years ago.
  6. A copy of the car or the tractor data certificate.
  7. In case of farmers and self-employed professionals, they should submit the convenient collaterals accepted by the bank.

fifthly: Natural Gas loans

fifthly: Natural Gas loans

Characteristics & advantages:

1. The activity of financing the installation of natural gas in houses and shops has been developed in amount of EGP 3000 per unit with maximum EGP 9000 per customer.
2.  Total customers of Rigas and Petrotrade companies are 75 thousand customers in Qena, Sohag, Marsa Matrouh governorates.
3. Competitive interest rates.

sixth: Biogas Project

sixth: Biogas Project  

Characteristics & advantages:

Financing Biogas project has been developed.
– The funding ranges from EGP 2000 to EGP 5500 according to item distance
– Duration of funding is 36 months.
– The grace period is 3 months.
– Tripartite contract is concluded among the bank, the customer and Biogas Company.

Competitive interest rates.

Seventh: Personal loans for pensioners

Sixth: Personal loans for pensioners

Characteristics and Advantages of the Loan:

The loan is granted to pensioners transferred to our bank.

Grant Terms:

– The client should not exceed 65 years of age at the time of the grant.
– Regularity of pension transfer for a minimum of 3 months.
– The minimum pension transferred 500 pounds.

Maximum loan amount: 50 thousand pounds

Payment and repayment of the loan: up to a maximum of 24 months. Payment shall be in fixed monthly installments and a premium shall be collected in a current pension account.

Required Documents:-

1- Copy of the national ID card valid.
2- Delivery of modern facilities (electricity, gas, water or landline).
3. Provide a personal guarantor of the wife, child, government employee, public sector, public business sector or another personal guarantor, or provide a bank credit risk guarantee document.
4 – Edit bank checks with the value of the financing and its returns on the client and guarantor.

For more information please contact the nearest branch.

Within the framework of the social responsibility of the bank, three loans have been innovated.

(production loan, educational loan, a loan for life renewal and needs fulfillment)

The maximum amount of the loan is LE 25,000 per customer.

Firstly: production loan

Firstly: production loan

Its aim is to support the national plan to raise the standards of livings and to reduce the ratio of unemployment currently.

1. Car maintenance loans

Characteristics and advantages:

  1. The loan is granted for the maintenance of cars and Lorries.
  2. Loan maturity is between 12 till 18 months.

Documents required:

  1. A copy of a valid ID card in which the job title is stated.
  2. Utility bill “Water, or telephone or gas “dated no more than 3 months”.
  3. Early retirement clients (including those working in the police or the armed forces), the pension should be transferred to the bank and the age of the client should not exceed 60 years till the full payment of the loan.
  4. In case of employees in the governmental institutions, public sector and public enterprises sector, the salary or the installment is to be transferred to the bank.
  5. A copy of the valid agricultural holding card/ agricultural services card.
  6. A document stating the costs of repair.
  7. A copy of the valid car license.

2. Loan for clinics, veterinary pharmacies establishment and  for medical pharmaceutical supplies

Characteristics and advantages:

  1. The loan is granted for the equipment of clinics, veterinary and medical pharmacies.
  2. The doctor has to be a member in the general syndication for doctors or pharmacists.
  3. The doctor has to submit a primary study for the project to be financed.
  4. A copy of the activity license, the commercial register and the tax card.
  5. The loan maturity is 24 months.

Documents required:

  1. A copy of a valid ID card.
  2. Utility bill “Water, or telephone or gas “dated no more than 3 months”.
  3. Early retirement clients (including those working in the police or the armed forces), the pension should be transferred to the bank and the age of the client should not exceed 60 years till the full payment of the loan.
  4. In case of employees in the governmental institutions, public sector and public enterprise sector, the salary or the installment is to be transferred to the bank.
  5. A copy of the valid agricultural holding card/ agricultural services card (if any).

Targeted groups:

  1. Employees in the governmental institutions, public sector and public enterprises sector.
  2. Early retirement clients (including those working in the police or the armed forces).
  3. Employees in private sectors should submit the convenient collaterals accepted by the bank.
  4. Self-employed professionals, merchants and farmers should have a leveraged guarantor.

Secondly: educational loan

Secondly: educational loan

Characteristics and advantages:

  1. The loan is granted for the client segmentation who would like to improve the educational performance of their young children from kindergarten till high graduate studies as a way for a better standard of living.
  2. The loan maturity is 12 months.

Documents required:

  1. A copy of a valid ID card.
  2. Utility bill “Water, or telephone or gas “dated no more than 3 months”.
  3. Early retirement clients (including those working in the police or the armed forces), the pension should be transferred to the bank and the age of the client should not exceed 60 years till the full payment of the loan.
  4. In case of employees in the governmental institutions, public sector and public enterprise sector, the salary or the installment is to be transferred to the bank.
  5. A copy of the valid agricultural holding card/ agricultural services card (if any).
  6. The documents stating that the sons are enrolled in the certified schools and universities.

Thirdly: a loan for life renewal and needs fulfillment

Thirdly: a loan for life renewal and needs fulfillment

It is a loan granted for clients who would like to marry; buy garments or durable goods

1- Marriage loan

Characteristics and advantages:

  1. The loan is granted for the client segmentation who would like to marry.
  2. The loan maturity is between 36 months and 60 months.

Documents required:

  1. A new marriage certificate (at least 6 months ago).
  2. A copy of a valid ID card.
  3. Utility bill “Water, or telephone or gas “dated no more than 3 months”.
  4. Early retirement clients (including those working in the police or the armed forces), the pension should be transferred to the bank and the age of the client should not exceed 60 years till the full payment of the loan.
  5. In case of employees in the governmental institutions, public sector and public enterprises sector, the salary or the installment is to be transferred to the bank.
  6. A copy of the valid agricultural holding card/ agricultural services card (if any).

2- Garment loans

Characteristics and advantages:

  1. The loan is granted for the client segmentation who would like to buy new clothes.
  2. The loan maturity is 12 months.

Documents required:

  1. A copy of a valid ID card.
  2. Utility bill “Water, or telephone or gas “dated no more than 3 months”.
  3. Early retirement clients (including those working in the police or the armed forces), the pension should be transferred to the bank and the age of the client should not exceed 60 years till the full payment of the loan.
  4. In case of employees in the governmental institutions, public sector and public enterprises sector, the salary or the installment is to be transferred to the bank.
  5. A copy of the valid agricultural holding card/ agricultural services card (if any).

3-Durable goods loans

Characteristics and advantages:

  1. The loan is granted for the client segmentation who would like to buy durable goods.
  2. The loan maturity is 24 months.

Documents required:

  1. A copy of a valid ID card.
  2. Utility bill “Water, or telephone or gas “dated no more than 3 months”.
  3. Early retirement clients (including those working in the police or the armed forces), the pension should be transferred to the bank and the age of the client should not exceed 60 years till the full payment of the loan.
  4. In case of employees in the governmental institutions, public sector and public enterprises sector, the salary or the installment is to be transferred to the bank.
  5. A copy of the valid agricultural holding card/ agricultural services card (if any).

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