Personal loans from CIB Bank is one of the types of loans granted by cib Bank Egypt to its clients in the Arab Republic of Egypt with quick facilities and procedures, and these loans that have a financing value of 1.5 million Egyptian pounds enjoy competitive advantages and are proportional to the income of the customer who wants to obtain a personal loan to meet his needs, and with programs Various financing, and in this report we show the most important advantages of personal loans and the documents required to obtain a personal loan and the fees and commissions that are collected on the loan.
Personal loans from CIB Bank
Benefits of personal loans from Seeb Bank
A personal loan from cib bank gives the client a lot of advantages, which include:
- The personal loan starts from 5 thousand Egyptian pounds and reaches 1.5 million Egyptian pounds
- Interesting and competitive interest rate.
- The bank provides life insurance until the loan period ends.
- Flexibility in the loan repayment period from 12 months to 120 months, depending on the financing program
- The possibility of borrowing by guaranteeing deposits and certificates.
- Ease of repayment of the loan, as it can be paid through any of the bank’s more than 180 branches and more than 80 cash deposit machines.
The documents required to obtain a personal loan from cib bank
There are documents that the borrower must provide, including public and additional documents, according to the financing program. As for the public documents, they are:
- A copy of the national ID card (valid).
- Receipt of the phone, electricity or gas bill (recent max. 3 months).
As for the documents required to prove income, they are as follows:
- In the case of salary transfer: No additional documents
- In the event that the salary is not transferred, it is required to provide (a letter from the employer with salary items, 3 notices for salary items, or a bank account statement for the last 6 months).
- In the case of business owners and liberal professions: Submit (a personal bank statement or in the name of the company for the last 6 months, a copy of a valid commercial record or equivalent).
Fees and commissions on personal loans
Personal loan fees and charges vary as follows:
- Administrative fees: It amounts to 1.5% of the total loan amount in the case of salary transfer with the company pledging to notify the bank in the event of the termination of the employee’s service for any circumstance, as well as in the case of facilities by guaranteeing deposits and certificates, and 2% of the total loan amount is paid to any other customer.
- Evaluation fees of 150 EGP are paid once.
- The current account service fee of EGP 20 per month during the repayment period.
- Late payment penalty: 5% of the amount owed.
- Early payment fee (total or partial): 5% of the amount paid.
- Loan Rescheduling Fee: 2% of the total loan balance remaining.
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