What is a utility bill and why is it a basic loan requirement? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is a utility bill and why is it a basic loan requirement?

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

The bank asks for a recent utility bill (electricity, gas, water) that is not more than 3 months old to prove the customer's actual place of residence, and it is a basic requirement in the field investigation procedures before the loan is approved.

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