What is the salary transfer loan program? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is the salary transfer loan program?

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

It is the lowest-risk program for the bank, as the employer undertakes to transfer the customer's salary, or the instalment, directly to the bank.

It offers the lowest interest rate, the longest repayment period (up to 10 or 12 years), and the largest financing amount (up to EGP 3 or 4 million).

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