Banque du Caire offers a wide range of personal loan programs aimed at different customer segments, including government and private-sector employees, pensioners, business owners and self-employed professionals, and bank and petroleum-sector employees, as well as dedicated financing programs for doctors and university faculty members and financing for club memberships.
The programs vary in loan amount, repayment period and interest rate, depending on the customer category and the program applied for.
First: Personal loans for government and public-sector employees
Banque du Caire offers financing programs for employees of the government, public-sector companies, the public business sector, and the Armed Forces and its affiliated bodies.
Available programs:
Salary transfer.
Installment transfer.
Government with salary transfer plus additional income.
Quarterly installment.
Annual installment.
Financing for Armed Forces personnel and affiliated bodies without a salary-transfer undertaking.
Terms and details:
Minimum customer age 21, and maximum 60 at the end of the loan term.
Minimum income EGP 300 a month.
Minimum loan amount EGP 3,000.
Maximum loan amount EGP 2 million.
Loan tenor of up to 180 months.
Interest rate from 22.5% declining a year, falling to 22% declining a year on completion, according to published data.
The loan includes life insurance.
Required documents:
Valid national ID card.
Recent utility bill no older than 3 months.
Salary breakdown statement.
Employment status statement.
Employer's undertaking to transfer the borrower's salary or installment.
Incentives, profit shares and bonuses transferred to the bank or to other banks are counted, via a bank account statement.
Second: Personal loans for pensioners
The bank offers financing programs for pensioners, covering customers and colleagues, additional-income programs certified by a chartered accountant, and buyouts of debts held with other banks.
Terms and details:
Minimum customer age 21, and maximum 70 at the end of the loan term.
Minimum income EGP 1,000 a month.
Minimum loan amount EGP 3,000.
Maximum loan amount EGP 1 million.
Loan tenor of up to 144 months.
Interest rate from 22% declining a year.
The loan includes life insurance.
Required documents:
Valid national ID card.
Recent utility bill no older than 3 months.
Pension transfer letter issued by the customer's social insurance office.
Third: Personal loans for private-sector employees
Banque du Caire offers financing programs for employees of private-sector companies, with salary transfer, installment transfer or neither.
Available programs:
Salary transfer.
Installment transfer.
Payroll transfer agreements.
Without salary transfer.
Without installment transfer.
Terms and details:
Minimum customer age 21, and maximum 60 at the end of the loan term.
Minimum income EGP 1,000 a month.
Minimum loan amount EGP 5,000.
Maximum loan amount EGP 2 million.
Loan tenor of up to 120 months.
Interest rate from 22% declining a year.
The loan includes life insurance.
Required documents:
Valid national ID card.
Recent utility bill no older than 3 months.
Salary breakdown statement.
Employer letter stating the hiring date and job title.
Fourth: Personal loans for business owners and self-employed professionals
The bank offers financing programs for business owners and self-employed professionals, including financing based on a personal or company account statement, as well as dedicated programs for the liberal professions and food-supply (tamween) businesses, and the El Safwa and El Safwa Plus programs.
Terms and details:
Minimum customer age 23, and maximum 65 at the end of the loan term.
Minimum loan amount EGP 25,000.
Maximum loan amount EGP 4 million.
Loan tenor of up to 60 months.
Interest rate from 27% declining a year.
The loan includes life insurance.
Required documents:
Valid national ID card.
Recent utility bill, as required by the program.
Recent commercial register extract.
Copy of the tax card.
Fifth: Personal loans for doctors who own clinics
Banque du Caire offers financing programs for doctors who own clinics in human medicine, dentistry and physiotherapy.
Terms and details:
Minimum customer age 25, and maximum 65 at the end of the loan term.
Minimum loan amount EGP 15,000.
Maximum loan amount EGP 1.5 million.
Loan tenor of up to 72 months.
Interest rate from 26% declining a year.
The loan includes life insurance.
Required documents:
Valid national ID card.
Recent utility bill as required by the program.
Copy of the syndicate membership card.
Copy of the medical facility license issued by the Ministry of Health or the Medical Syndicate.
Sixth: Financing for doctors under the Central Bank initiative at 5%
The bank offers a financing program for doctors who own clinics under the Central Bank of Egypt (CBE) initiative, to finance the purchase of medical equipment, devices or supplies according to the set conditions.
Terms and details:
Minimum customer age 25, and maximum 65 at the end of the loan term.
Minimum loan amount EGP 20,000.
Maximum loan amount EGP 3 million.
Loan tenor of up to 84 months.
Interest rate 5% declining a year.
Financing of up to 90% of the value of the medical devices, equipment or supplies, based on the submitted price quotation.
Required documents:
Valid national ID card.
Copy of the syndicate membership card.
Copy of the medical facility license issued by the Ministry of Health or the Medical Syndicate.
A price quotation for the devices or equipment to be financed from the Egyptian Authority for Unified Procurement, or a quotation from the supplier or agent detailing the medical device or equipment.
The supplier's commercial register.
Copy of the tax card.
Professional practice license.
Seventh: Personal loans for bank employees
Banque du Caire offers financing programs for bank employees, with installments payable monthly, quarterly or annually.
Available programs:
Monthly installment.
Quarterly installment.
Annual installment.
Terms and details:
Minimum customer age 21, and maximum 60 at the end of the loan term.
Minimum loan amount EGP 5,000.
Maximum loan amount EGP 3 million.
Loan tenor of up to 180 months.
Interest rate from 19% declining a year.
The loan includes life insurance.
Required documents:
Valid national ID card.
Recent utility bill no older than 3 months.
Bank account statement showing annual profit shares, if the annual installment is chosen.
Salary breakdown certified by the employer for the last 3 months, or an account statement showing the salary over the last 3 months.
Eighth: Personal loans for petroleum-sector employees
The bank offers financing programs for petroleum-sector workers, with a variety of repayment options depending on whether the salary or installment is transferred.
Available programs:
Monthly installment under payroll transfer agreements, with salary or installment transfer, or without either.
Quarterly installment with the same options.
Annual installment with the same options.
Terms and details:
Minimum customer age 21, and maximum 60 at the end of the loan term.
Minimum loan amount EGP 5,000.
Maximum loan amount EGP 3 million.
Loan tenor of up to 120 months.
Interest rate from 22% declining a year.
The loan includes life insurance.
Required documents:
Valid national ID card.
Recent utility bill no older than 3 months.
Bank account statement showing annual profit shares, in the case of an annual or quarterly installment.
Salary breakdown certified by the employer for the last 3 months, or an account statement showing the salary over the last 3 months.
Salary breakdown statement.
Employer letter stating the hiring date and job title.
Ninth: Personal loans for customers with imputed income
The bank offers financing programs for specific groups, including real-estate unit owners, customers with car loans from the bank, Gezira Club members, customers holding deposits (liabilities) with the bank, and Tharwa customers.
Terms and details:
Minimum customer age 21, and maximum 65 at the end of the loan term.
Minimum loan amount EGP 15,000.
Maximum loan amount EGP 2 million.
Loan tenor of up to 84 months.
Interest rate from 25% declining a year.
The loan includes life insurance.
Required documents:
Valid national ID card.
Recent utility bill as required by the program.
Copy of the housing unit contract from the developer to the customer, for real-estate unit owners.
Valid Gezira Club membership card showing the membership type, for club members.
Tenth: Club membership financing
Banque du Caire offers programs to finance memberships at several clubs, including Gezira Club, Al Ahly Club and the Olympic Club.
Terms and details:
Minimum customer age 21.
Maximum age at the end of the loan 60 for employees and 65 for business owners and self-employed professionals.
Minimum loan amount EGP 30,000.
Maximum loan amount EGP 500,000.
Loan tenor of up to 84 months.
Interest rate from 29% declining a year.
The loan includes life insurance.
Required documents:
Valid national ID card.
Recent utility bill as required by the program.
Official letter from the club stating the membership fee.
Valid club membership card showing the membership type as “working” (full member).
Eleventh: Personal loans for university faculty members
The bank offers financing programs for university faculty members, based on length of service and the program's set rules.
Terms and details:
Minimum borrower age 21, and maximum 65 at the end of the loan term.
Minimum length of service 3 years.
Loan tenor from 6 months up to 72 months.
Minimum loan amount EGP 50,000.
Maximum loan amount EGP 1 million.
Interest rate 25% declining a year.
The loan includes life insurance.
Required documents:
Copy of a valid ID card showing the academic rank, or a letter from the university confirming the academic rank.
Recent utility bill no older than 3 months.
Where the average balance of deposits (liabilities) is relied on, a recent certificate of the customer's deposit balances, stamped and signed by the issuing bank, stating that the collateral, whether certificates or deposits, is not frozen against facilities granted to the customer.
Twelfth: Personal loans for practicing doctors and staff at clinics and medical centers
The bank offers a financing program for practicing doctors and staff at hospital clinics and public and private medical centers, excluding charitable clinics and medical centers, in Cairo, Giza and Alexandria.
Terms and details:
Minimum borrower age 21, and maximum 65 at the end of the loan term.
Minimum length of service 3 years.
Loan tenor from 6 months up to 72 months.
Minimum loan amount EGP 50,000.
Maximum loan amount EGP 1 million.
Interest rate 25% declining a year.
The loan includes life insurance.
Required documents:
Copy of a valid national ID card.
Recent utility bill no older than 3 months.
Copy of a valid syndicate membership card.
Copy of the professional practice license.
Employer letter stating the job title and hiring date.
Where the average balance of deposits (liabilities) is relied on, a recent certificate of the customer's deposit balances, stamped and signed by the issuing bank, stating that the collateral, whether certificates or deposits, is not frozen against facilities granted to the customer.
Banky's view
Banque du Caire's personal loan programs are varied to suit the needs of different customer segments, whether employees, pensioners, or business owners and self-employed professionals, with financing limits, repayment periods and interest rates differing by program. This variety lets customers compare the available options and choose the program that best fits their income and ability to repay, though they should check with the bank for the final terms and applicable fees before applying
Comments
No comments yet. Be the first!