Semi Secured Loan

Semi Secured Loan is a lending product whereby the customer can borrow up to 120% of his cash collateral value:

• 90% or 95% of the cash collateral will be offered on a secured basis and 30% or 25% will be offered on an unsecured basis
• No income proof is required
• Minimum collateral amount is EGP 100K
• Accepted collaterals are CDs or TDs
• Maximum unsecured loan portion is 30% of collateral value with a maximum of EGP 500K
• Maximum tenor for the unsecured loan is 7 years
• Maximum tenor for the secured loan is 10 years
• This loan is offered to individuals, self-employed, salaried professionals, and self-employed professionals

Loan Against Residence

Offering unsecured Personal loans or Auto loans to selective segments of customers who own a certain residence:

• Maximum loan amount is up to EGP 500K
• Tenor is up to 5 years
• Minimum down payment of 10% from the unit price should be settled by the owners to apply for the loan
• No income proof is requested
• This loan is offered to individuals, self-employed, salaried professionals, and self-employed professionals

Funds and Assets Loan:

It is a pre-approved loan for Priority Banking customers based on their Assets Under Management (AUM):

• Minimum AUM accepted is equivalent to EGP 500K and above at the time of granting
• These loans are pre-approved loans with no income proof documents required to apply for the loan
• Maximum loan amount is up to EGP 1 million
• This loan is offered to employed customers, self-employed, and professional doctors