|Minimum Salary||Salary Transfer||Islamic Finance||Maximum Term||Flat Rate||Reducing Rate|
|CAE - Finance Against Deposits||Minimum Salary: EGP 0||Salary Transfer: No||Islamic Finance: No||Maximum Term: 7 Years||Flat Rate: 8.33%||Reducing Rate: 15.0%|
If you hold one of CAE’s saving products, you can still spend without changing your saving plans set for the future. Because with any of CAE saving schemes, you are entitled to a loan up to 95% of your deposits to match your needs.
- Possibility to borrow up to 95% from the deposits
- No maximum loan amount
- Loan duration up to 7 years
- Valid National ID
- A copy of the passport in case of foreigners
- Maintaining deposits with Crédit Agricole (C/D, T/DS or family fund)
- Minimum age of 21 years old
- Egyptian & foreign nationality
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest rate on the product which is equivalent to 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.