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| Definition: |
NBAD's Cash Loan programs are designed to facilitate and fulfill the individuals'
various financial needs that are supported by a stable source of income in the form of monthly salary.
The programs are offering big loans' amounts, long tenors, competitive interest rate and much more.
The loan is available for employees either Egyptians or Expatriates.
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| Features and Benefits: |
- A very big ticket, Loan amount up-to EGP 200,000 for Egyptians or USD 80,000 for Expatriates.
- Loan tenor up-to 5 years for Egyptians & 2 Years for Expatriates.
- Flexible payment conditions, 2 installments postponements per year [ i.e. Ramadan, School tuition payments].
- Very attractive interest rate, which it differs based on the support of repayment.
- Very quick processing time.
- One month grace period.
- Installment postpones option is available up-to 2 months per year.
- Free Group Life Insurance covering the outstanding balance.
- Availability for Top-Up loans.
- Credit card carries a lot of very attractive benefits.
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| Initial Required Document: |
- Proof of income in the form of HR letter.
- Copy of valid Identification Card or passport of residents.
- Recent utility bill.
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