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Frequently Asked Questions

Cash Loans FAQs

How much I can borrow?

You can borrow a maximum limit of up to EGP 300,000.

What interest rates do I pay?

Our interest rates are charged on a reducing balance. The interest rates are extremely attractive and competitive.

What kind of collaterals do I need?

You do not need any collateral or guarantors. 

Do I get any special benefits?

You automatically get a host of free benefits:

  • Current account
  • Cheque book
  • Access to our branches open from 8.30am - 2.00pm  

Who is eligible for a Cash Loans?

Employees working in our approved list of companies & earning minimum EGP 1,600. 

What is the maximum tenor I can borrow?

You can borrow in intervals of 6 months up to 84 months. 

What is the minimum amount I can borrow?

EGP 3,000 

What if I want to pay off some of my outstanding balance?

You can pay it off any time —penalty will be applied. 

How long does it take to get the facility?

It takes 96 hour approval time. 

Are there any other fees involved in the secured overdraft?

  • Administration fees: 2.00%
  • Stamp duties tax: 0.05% paid in quarterly basis