Minimum Salary Salary Transfer Early Settlement Fees Maximum Term Flat Rate Reducing Rate
ALEXBANK - Alex Auto for Pensioners ALEXBANK - Alex Auto for Pensioners Minimum Salary: EGP 1,000 Salary Transfer: Yes Early Settlement Fees: - Maximum Term: 7 Years Flat Rate: 0.0% Reducing Rate: 0.0%
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Offered to Egyptians early retired clients (Civil or Military Citizens) with their pensions transferred to ALEXBANK

Features & Benefits:
  • Extended repayment up to 7 years.
  • Competitive interest rate and charges
  • Minimum loan amount 15,000 EGP and maximum 1 Million EGP
  • Down payment starting from 10%
  • No guarantor required
  • Free life insurance

  • Minimum pension 1,000 EGP
  • Pension transfer to ALEXBANK account
  • Customers Age between 21 and 60 years

Required Documents:
  • Completed application form
  • Copy of National ID
  • Recent pension certificate letter
  • Recent telephone, electricity or gas utility bill (maximum 3 months old)
  • Pension transfer declaration
  • Price quotation issued to ALEXBANK
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
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