BanqueMisr offered on Sunday a new retail banking product—a personal loan granted only to customers with proof of income. The purpose of the new product is to meet the needs of all customer segments and to provide them with special banking services. The maximum amount that can be lent through the new loan is EGP 500,000, with a maximum repayment period of six years and competitive interest rates. Public servants and workers of public and private sectors can benefit from the new product. It also offers special programmes for the employees of banks, communication, oil, and petrochemicals companies, as well as self-employed workers, such as doctors, engineers, and pharmacists.

Source: Daily News Egypt January 16, 2017 12:17 UTC