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For employees minimum monthly salary of L.E. 650. For Self employed a minimum of 3 years of business record or subsidiary of a
business group.Minimum Loan: L.E. 5,000Maximum Loan: L.E. 75,000Tenor of loan is from 6 to 36 monthsInterest Rate:
- For employees (Salary must be transfered): a flat rate of 8.95%
- For self employed: a flat rate of 10.15%
Required Documentation:
- Application for Durable goods Loan.
- Salary letter
- Photocopy of national ID card.
- Recent electricity or gas bill for resident address.
In case of employees, borrowing employees consent and irrevocable instructions to employer to continue transferring to EGB borrowers monthly salary/ installment and all end of service entitlements till full settlement of loan.
* Irrevocable consent of borrower to transfer his salary or loan installments to EGB till full
settlement of loan.
* All facilities are subject to bank approval.
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