Can I take a loan against my savings certificate? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Can I take a loan against my savings certificate?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Yes, you can obtain a cash loan secured by the certificate for between 80% and 95% of its redemption value.

The loan interest is calculated at an increase of (usually 2% to 3%) above the return rate granted on the certificate.

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