Some young men who are about to get married face a problem in purchasing electrical appliances that need a large down payment, and Banque du Caire offers a durable goods loan that enables young people to buy their household appliances, with an income of at least 300 pounds, and the loan reaches half a million pounds.
We review the details and terms of the loan from Banque du Caire as follows:
the details
The loan value ranges from 3 thousand to half a million pounds.
– The repayment period ranges from 6 months to 5 years.
– The interest rate: starts from 17.5% reducing, 18% without salary transfer.
– Administrative expenses percentage is 1% of the total loan value.
Debt burden ratio 50%.
the conditions
- The borrower’s age may not exceed 60 years at the end of the loan, and not be less than 21 years.
- The minimum monthly income is 300 pounds.
- The period of service in the current job is not less than one year.
Required Documents
1- A copy of the national ID.
2- Proof of income.
3- A recent attachment receipt.
4- Account statement for the last 6 months.
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