Home » Business » Personal Loans for Self-Employed People: Best Banks and Conditions in Egypt

Personal Loans for Self-Employed People: Best Banks and Conditions in Egypt


Personal loans for self-employed people

We offer you personal loans for freelancers today through our website Brief Egypt, as there are many people who do not work in government institutions or in the private sector engaged in their own business and projects, and therefore they are interested in obtaining loans from banks in order to establish a specific project to increase their income rate and live a decent life without needing others or lending a helping hand, there are many banks that offer private loans to self-employed.

Personal loans for freelancers

There are many Egyptian banks that offer loans to self-employed people with certain conditions and according to certain rules that must be followed.

There are many banks spread all over Egypt that offer this benefit to the self-employed, each of which depends on certain rules and conditions and the required papers.

Personal loans from Bank of Alexandria

Bank of Alexandria is one of the banks that provides loans to self-employed people, and the conditions that the bank offers to receive the loan application are that the person be between the ages of 21 and 65 and be able to work. The bank grants the loan for a period of up to 7 years. The bank gives the borrower an opportunity to insure life during the entire repayment period. The maximum withdrawal limit is 1 million Egyptian pounds, and the required amount is not less than 5,000 Egyptian pounds. A set of papers must be submitted to receive this loan, which is a copy of the personal card in addition to the basic document of the person’s commercial registration. A special document containing all the details of a person’s bank accounts. Also among the most important documents is a receipt from an electricity company to prove residence and identity, such as a receipt for services such as gas, water or electricity, and it must be valid.

CIB loans

This bank is characterized by its enthusiasm to provide many facilities to customers, especially to self-employed. The minimum amount for withdrawing money is 10,000 Egyptian pounds, sometimes up to a million or more, depending on the nature of the person and the bank. After that, the bank deals with customers smoothly in the event of default, as the period reaches five years or more. The bank also offers life insurance to the customer while repaying the loan. In order to obtain the loan, whoever submits a set of papers, the most important of which is the personal card and the commercial registration document. In addition to bringing a printed copy of the customer’s bank account for a period of not less than six months, and bringing a receipt for one of the government services such as gas or electricity.

We recommend you more details through: The interest rate on personal loans in Egypt

HSBC Finance for Self Employed

There are a set of rules and conditions for obtaining a personal loan from this bank for the purpose of obtaining financing for independent projects. The bank did not specify a minimum for obtaining a loan, and the loan may reach a very high amount of 500,000 pounds. A set of equal payments of a certain amount are set to pay off the loan, with many perks given by the bank to customers. The loan is repaid over a long period of up to 60 months, depending on the customer’s ability and level of his bank account. When a person obtains the loan, his age will not be less than 35 years and not more than 65 years, so the person’s work period must pass for a period of not less than three years. One of the most important conditions is that the loan applicant must have Egyptian citizenship only. Among the most important documents required to obtain this disk is a copy of the personal card, a copy of a hard copy of the work account, as well as the bank account and all papers related to insurance. A government service receipt. Tax card and commercial registration.

We advise you to find more ways: the companies that provide loans in Egypt and the conditions for obtaining loans from these companies

Personal finance from Banque du Caire

Banque du Caire is one of the most famous Egyptian banks that has been able to provide many services to independent clients. When the bank provided a very large and special loan ranging from 25 thousand pounds to one and a half million pounds. The huge loan can be repaid simply and easily, and the repayment period ranges between five years. Among the most important conditions and papers required is that the person work for a period of no less than two years until receiving the loan, and that the person’s age is not more than 65 years and not less than 21 years.

Housing and Development Bank and Personal Finance

The State Housing and Development Bank is also one of the banks that offers many special offers to clients and freelancers, under certain conditions. The value of the loan sometimes reaches one million pounds, and the minimum amount for this loan may be 25 thousand pounds. The Housing and Development Bank offers a lot of privileges to clients, namely increasing the renewal period up to five years and reducing management costs for clients. However, there are a set of conditions, that the age of the borrower is not less than 21 years and not more than 60 years, and that the person is employed with an income of not less than 1,000 Egyptian pounds. The applicant for the loan must have Egyptian citizenship and have worked for at least three years. All required documents related to civil registry, taxes and insurances, a copy of the identity card and receipts for government facilities are submitted.

Arab African Bank loans and free trades

The African Arab African Bank is one of the most famous banks that was able to attract customers to it through the services it provides, the ease of paper dealing and the large deal, in addition to the high interest that is added to other accounts. In the case of obtaining a loan for self-employed, the value of the loan will not be less than 20,000 pounds and not more than 500,000 pounds, with a special repayment period of up to five years, depending on the loan value. lend. The loan applicant must have the Egyptian nationality, and his age must not exceed 65 years and not less than 21 years to receive the loan. All required documents, including identity card, government service receipts, loan application, and bank statements for a minimum of six months, are submitted.

Emirates NBD and Self Employed Loans

Emirates Bank Dubai is one of the banks that has succeeded in attracting the attention of many people who want to get loans for projects for free. This is because it offers a very high loan value of up to one million pounds, with a very special repayment period of up to eight years, and repayments are made very comfortably and with a variable value according to the agreement with the bank. There are many fees that the bank imposes on customers in the event of delay in paying loan installments, until the payment procedures are in line. One of the conditions for obtaining a loan from this bank is to submit the required documents, the loan application, such as the identity card and the receipt from the government service. The borrower must be at least 21 years old and not more than 65 years old to guarantee the repayment of the loan, and the bank imposes a life insurance measure to guarantee the repayment process.

This is how we gave you personal loans for freelancers, and for more information you can leave a comment below the article and we will respond to you immediately.

2023-08-16 15:42:00
#Personal #Loans #Employed #Professionals #Egypt

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.