| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Arab African International Bank -Tabeeb Loan
|
Minimum Salary: EGP 0 | Salary Transfer: No | Islamic Finance: No | Maximum Term: 5 Years | Flat Rate: 0.0% | Reducing Rate: 0.0% |
loan” from Arab African International Bank is designed especially for the medical professionals sector, namely doctors, pharmacists, pathologists and dentists. “Tabeeb loan” programs offer several financial solutions with simple procedures and flexibility to suit medical professionals’ needs both personal & professional. The programs enable medical professionals to buy medical equipment or do necessary renovations to their clinics and laboratories.
Personal loan
- Simple documentation & fast approval
- Attractive interest rates
- Loan amount up to EGP 350,000
- Flexible loan repayment tenor up to 60 months
- Top up option: to increase loan outstanding balance during loan tenor
- Installments deferral option: to defer upcoming installments up to three installments in a year
- Tenor extension option
General conditions and required documents:
- Copy of valid ID
- Utility bill (gas or electricity)
- Copy of valid license for pursuing profession
- Copy of latest educational degree
- Profession Syndicate ID
Medical Equipment loan
- Attractive interest rates
- Loan amount up to EGP 1,000,000
- Flexible loan repayment duration up to 60 months
- Installments deferral option: to defer upcoming installments up to three installments in a year
- Tenor extension option
General conditions and required documents:
- Copy of valid ID
- Utility bill (gas or electricity)
- Pro-forma invoice from vendor
- Copy of valid license for pursuing profession
- Profession Syndicate ID
- Copy of lease contract or proof of ownership of the business premise (pharmacy/lab/clinic/hospital… etc.)
- 12 months bank statement
** 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.
Representative Example Calculator
