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Surrogate Lending Programs
Surrogate Lending Programs
Semi Secured Loan
Semi Secured Loan is a lending product whereby the customer can borrow up to 120% of his cash collateral value:
Loan Against Residence
Offering unsecured Personal loans or Auto loans to selective segments of customers who own a certain residence:
Funds and Assets Loan:
It is a pre-approved loan for Priority Banking customers based on their Assets Under Management (AUM):
Features | Surrogate Lending Programs | ||
---|---|---|---|
Loan type | Semi Secured Loan | Loan Against Residence | Funds and Assets Loan |
Tenor in Months | 6 – 84 months for unsecured loans 6 – 120 months for secured loans |
6 – 60 | 6 – 60 |
Interest rate (p.a.) | 21.00% for unsecured loans | 22.00% | 23.50% |
Administration fees | 2.00% min of EGP 500 for unsecured loans | 2.00% min of EGP 500 | 2.00% min of EGP 500 |
Semi Secured Loan:
Loan Against Residence:
Funds and Assets Loan: