Egyptian Gulf Bank "EGB"

 

•    Incomparable issuing fees.
•    Source of repayment: cash deposited by cardholders or standing orders from account.
•    Tenor: two years.
•    Grace period: 57 days.
•    Minimum payment is 5% of the statement balance, which must be settled during the grace period.
•    Competitive interest rates.
•    Cash advance transaction Limit: 20000 L.E per day, or 3600 Us$ (or its equivalent in foreign currency).
•    Platinum Cards Credit Limit: 100000 - 250000 L.E

For Depositors:
•    Limit is 90% of time deposit, saving account or certificate of deposit.

For Employees:
•    Maximum Card Limit: 3x net monthly salary after all deductions or 2x gross monthly income.
•    Minimum age of 21 and maximum of 59.
•    Salary letter from HR.

For Self Employed:
•    Maximum Card Limit: 2 x monthly average income.
•    For self employed: commercial register or work permit, and annual tax declaration or certificate issued by acceptable audit or declaring income.

Documentation:
•    Photocopy of a valid national ID for Egyptians, or copy of passport for Non Egyptians plus a valid residence visa or work permit.
•    Recent utility bill (phone, gas or electricity) for resident address.

*All facilities are subject to bank approval

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