|Minimum Salary||Salary Transfer||Islamic Finance||Maximum Term||Flat Rate||Reducing Rate|
|BDC - Personal Loans for Bank Employees||Minimum Salary: EGP 2,000||Salary Transfer: No||Islamic Finance: No||Maximum Term: 5 Years||Flat Rate: 7.5%||Reducing Rate: 13.5%|
Banque du caire offers personal loans that can achieve all your dreams without saving money, with the simplest banking procedures and competitive rates.
- Minimum age to be granted the loan 21 years old
- Minimum monthly income L.E. 2000
- Maximum loan limit L.E. 500K
- Loan duration is from 6 months to 60 months
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.