Many Egyptian operating banks offer their clients the ability to borrow with a guarantee of savings certificates, as part of the banks ’keenness to ensure customers’ confidence and meet all their needs.
We monitor the details of borrowing by guaranteeing certificates in 10 operating banks such as Banque Misr, the Housing and Development Bank and Credit Agricole Bank as follows:
Housing & Development Bank
You can borrow from the Housing and Development Bank by guaranteeing your savings certificates with the lowest return and at up to 90% of the nominal value of the certificate with easy procedures and returns.
Egypt Bank
The bank offers a “Ibn Misr” certificate with a fixed rate of 15%, which customers can borrow with the guarantee of the certificate, in addition to the ability to issue credit cards with a certificate guarantee, as the certificate is issued to natural or minor individuals, and its categories start from 1,000 pounds and its multiples.
Suez Canal Bank
The bank provides a savings certificate for individuals (Egyptians and foreigners residing in Egypt), with a duration of 3 years and a minimum document of 1000 pounds. Customers can borrow with a certificate guarantee of up to 90% of the value of the certificate.
Credit Agricole Bank
Credit Agricole Egypt offers a triple “Premium” certificate with a fixed return in Egyptian pounds for individuals, with a fixed annual return of 12% disbursed monthly, and the loan can be borrowed with a guarantee of up to 95% of its value, without a maximum funding limit and a repayment period of up to 7 years.
Conditions for submission (clients with savings vessels deposited with the bank, from certificates of savings, deposits or family savings – the client’s age must not be less than 21 years – Egyptian or foreigner).
Required documents (valid national ID card – passport copy of the passport in the case of foreigners).
Emirates NBD
Emirates Bank offers the ability to borrow by guaranteeing the certificate, as the loan is valued at a minimum interest rate of 3%, to be higher than the interest rate of the term deposit and a minimum of 16.50% for the annual interest.
National Bank of Greece
The National Bank of Greece can borrow with a deposit guarantee or certificates of up to 90% of the value of the deposit or certificate, and the financing is paid in equal monthly installments. Instead of breaking the deposit when you need short-term financing, you can get the financing while maintaining the return on the deposit or the certificate.
The borrowing period does not exceed the maturity of the certificate, and administrative expenses are 1.00% on the financing amount.
Required documents (copy of national ID card – current certificate or deposit in the bank).
Egyptian Gulf Bank
Through the Egyptian Gulf Bank, you can borrow with a deposit guarantee and certificates of up to 95% of the value of the guarantee, without a maximum loan amount, and the loan period ranges from 6 months to 120 months, provided that the minimum age of the borrower is 21 years.
QNB Bank
The bank gives you the ability to meet your needs without compromising your savings, as you can obtain financing up to 90% of your deposits and only 95% for the first QNB customers.
You can pay the loan amount over a period of up to 180 months, in monthly, quarterly or semi-annual installments as per your choice.
Bank Audi
The bank offers a variety of savings certificates that meet the various financial needs, where it is possible to borrow by guaranteeing the certificate with a maximum of 90% of its nominal value according to the terms and conditions determined by the bank and with a minimum of 2% above the rate of return on the guarantor certificate.
HSBC
Personal finance with HSBC savings certificates guarantee is a facility granted in exchange for savings certificates at the bank, which gives you access to funds without the need to withdraw cash from your savings.
The bank requires that the finance amount not exceed 90% of the savings certificates for 12 months in the Egyptian pound by bringing a valid national number card (for Egyptians), or a valid passport and valid residence (for expatriates).
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