Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
National Bank of Egypt - Personal Loan for Petroleum Sector Employees National Bank of Egypt - Personal Loan for Petroleum Sector Employees Minimum Salary: EGP 800 Salary Transfer: Yes Islamic Finance: No Maximum Term: 10 Years Flat Rate: 7.22% Reducing Rate: 13.0%
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Features
  • Minimum loan amount 5,000 EGP and maximum 1,000,000 EGP.
  • Minimum loan tenor one year & up to 10 years.
  • Minimum 3 months in business for permanent staff.
  • Life insurance.
  • Free current account.
  • Free I-score fees.
  • without Guarantor. Possibility to buy out other bank loans.
Documents Required
  • HR letter with monthly salary & employment date.
  • The employer's undertaking to transfer borrower's monthly salary or instalment to the bank til full repayment.
  • Copy of valid national ID.
Eligibility
  • Customers Age between 21 Years and 60 Years at loan end.
  • Minimum monthly salary 800 EGP.
  • Minimum 3 months in business for permanent staff.
Additional Information
Fees & Charges:
  • Administrative fees 2 % of loan value  with minimum 250 EGP
  • Early settlement fees 3% if paid in cash, 10% if paid with any other payment tool
  • Late payment fees 2%
** 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