Personal Loans in Cairo
A personal loan is a financial loan undertaken to meet short term cash requirements such as medical bills, automobile repair, or any other emergency cash needs. Larger amounts are borrowed to finance expenses such as children’s education, repair/construction/furnishing of home or international vacation.
There are personal loans where the borrower does not need to secure the loan with collateral (a tangible asset). These are signature based loans where the borrower receives money in the form of a credit check and the lender takes the risk of the entire loan amount. Hence, such loans are also known as unsecured loans.
Residents of Cairo who are self-employed or employees of the public or private sector can avail personal loans through a number of banks, however many are deterred by complex loan procedures and long waiting period.
Why Apply for Cairo Personal Loans through MoneyGulf
Trying to secure a personal loan on your own can be a daunting and time-consuming process. Applying through MoneyGulf has several advantages as it takes away the hassle of dealing with complex paperwork and documentation. We help you sift through the best offers from a number of banks and strive to provide you a seamless experience from loan application to loan approval.
While traditionally availing a personal loan meant that you had to go to the local bank, wait in queue and present yourself as a credible customer who could be trusted with a cash loan, today several reputed banks compete to lend cash at competitive interest rates.
MoneyGulf bridges the gap between traditional banking and the new age customer-centric banking services by bringing together loan seekers and money-lending institutions on one platform, providing you access to multiple loan-providers in one go. Led by experienced industry professionals, MoneyGulf aspires to be your one-stop-shop for all your credit requirements.
Advantages of personal loans arranged through MoneyGulf
- Competitive interest rates
- Compare and avail the best deals from competing banks
- Stress-free and quick approval from legitimate lending institutions
- Hassle-free processing ideal for meeting urgent or unforeseen expenses
- Easier norms with respect to your credit score
Once you fill out the basic information on this page on your left, we will forward your personal loan application to all banks in Cairo who will then contact you with their offers depending on your eligibility.
The lending bank will require you to furnish:
(1) Proof of identity: National ID card for Egyptians and a valid resident visa for non-Egyptians
(2) Proof of income: Compulsory for both salaried and self-employed borrowers
Eligibility for Cairo Personal Loans
To get fast and easy personal loans, you need to meet certain basic criteria as follows:
- Clean credit history
- Ability to repay the loan
- Salaried borrowers must have completed at least 6 months in the current job
- All government employees or staff of companies endorsed by the lending banks qualify for personal loans in Cairo
In times of financial crisis, think of MoneyGulf as an institution you can rely on for all your personal and commercial cash requirements.