Banque Misr Consumer Loans - Cash loans against salary transfer programs

Minimum Salary needed Not mentioned
Maximum amount available Biggest loan amount up to EGP 500,000 ( except for 3rd program)
Length of Loan 7 years
Profit Rate Not mentioned
Upfront Fees ( if any ) Not mentioned
Eligibility Program 1 - According to obligation of transferring salary or installment accompanied with end of service dues; Program 2 - According to obligation of transferring salary or installment without end of service dues; Program 3 - Without obligation ( for companies transferring salary via salary cards ); Applicant age range min 21 years & max 65 years at loan maturity date; Maximum monthly deduction ( installment ) equivalent to 50% net monthly salary \ revenue
Main Features Least interest rate & administrative fees; Free life insurance for applicant during loan life; No guarantor required; 3 months Minimum period in current occupation