Banque Misr Consumer Loans - Salary loans guaranteed through transfer of salary or installments

Minimum Salary needed Not mentioned
Maximum amount available LE 500,000
Length of Loan The maximum loan duration is 7 years for government and public sector employees, and 5 years for private and investment employees
Profit Rate Not mentioned
Upfront Fees ( if any ) Not mentioned
Eligibility The loan applicant has to be older than 21 years and younger than 65 years by the end of the loan duration; The loan applicant needs to have been at their current employment for at 3 Months; The monthly installment should not exceed 50% of the employee’s monthly revenue;
Main Features No guarantor required; The loan is granted when the applicant agrees to have their monthly installments directly deducted from their monthly salary; The loan includes an insurance policy against death and total disability