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: LE 5000 per day, or US$ 900
   (or its equivalent in foreign currency).
Classic Cards Credit Limit: LE 1000-20,000
Gold Cards Credit Limit: LE 20,000-100,000

For Depositors:

• Limit is 90% of time deposit , savings 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: 2x 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 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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