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How to get a personal loan from the NBG - Egypt - Daily News Egypt

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How to get a personal loan from the NBG – Egypt

Are you planning your wedding? Do you need to make improvements to your home? Do you need a long-awaited vacation? If you wish for one of those things and do not have sufficient liquidity to cover your needs, the National Bank of Greece – Egypt (NBG) offers you a personal finance programme to meet all …


Are you planning your wedding? Do you need to make improvements to your home? Do you need a long-awaited vacation?

If you wish for one of those things and do not have sufficient liquidity to cover your needs, the National Bank of Greece – Egypt (NBG) offers you a personal finance programme to meet all the requirements that suit your financial capabilities, ranging from EGP 3,000 to EGP 300,000.

 

One of the most important features of this financing is approval within 96 hours, flexible repayment periods from 6 months up to 7 years on a fixed line basis, obtaining a Visa Electron debit card for the first year, the possibility of paying premiums at any branch of the bank or through ATM machines, and fully covered life insurance.

 

This funding is available to employees who have their salaries transferred to the bank as well as those with non-transferable salaries and freelancers, provided that their minimum net monthly income is EGP 1,600.

 

To obtain this funding, if you are an Egyptian, you must bring a copy of your national ID card, a recent electricity, telephone, or gas receipt from your residence, and a salary statement or a bank statement for the last three months. If you are a foreign resident, bring a copy of your  valid passport and the aforementioned documents.

 

The NBG also offers a personal deposit or deposit savings scheme, which gives you up to 90% of the deposit or certificate and is repayable in equal monthly installments.

 

This type of financing is ideal for those who pay fixed monthly installments and for those who borrow for a period that does not exceed the maturity of the deposit. For deposits, 2.50% is added to the deposit’s return if it is in Egyptian pounds, while 2% is added on foreign currency deposits. On savings certificates, 2.50% is added on the rate of return of the certificate and administrative expenses of 1% are also added.

 

This financing is available to all bank customers who have deposits or savings certificates with the bank. To obtain it, you must present a copy of your national ID card, a current savings certificate or deposit at the bank, and complete the application for personal financing with a guarantee of a deposit or savings certificate.

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https://www.dailynewsegypt.com/2018/02/25/get-personal-loan-nbg-egypt/
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