What happens if salary transfers stop?

If your salary transfer stops, the loan payment will not be suspended, and the installment will not be canceled.

Key points

• Contact the bank immediately to find out about alternative payment methods and whether the salary transfer stoppage will affect the loan amount or any terms linked to your salary as per your contract.

• Make sure your account balance is in place before the due date to avoid delays.

• If you quit your job or change employers, notify the bank if your contract or instructions require it.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

Source

• Central Bank of Egypt — Central Credit Registry