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Personal Loan Program: MULTI LOAN
Payroll
Payroll at AAIB
Salary Transfer
Installment Transfer
Guarantor
His salary should cover 80 % of borrower salary
Due Date
From 21st of each month till 3 rd of the second month.( maximum)
Example: 21 March till 3 April
Currency
Only EGP
Admin Fees
It is paid once on the loan amount.
It is debited automatically i.e. the loan amount is credited to the account minus the fees.
Secured Clients
The interest of the blocked amount is credited to the client account automatically.
The installment is not deducted from the interest unless the client leaves a standing instruction at the branch.
Ceiling Limit
300.000 EGP 12 times the client’s salary
Partial Settlement
Once in the loan tenor
It shortens the tenor but does not affect the installment
Required Documents
Secured
Copy of ID OR copy of Passport
Loan Request Application form
Investigation Authorization form
Loan Agreement
Authorization to fill in blank تفويض بمليء البيانات
Letter of lien طلب تجميد الضمانة
Payroll
Copy of ID
Loan Request Application form
Investigation Authorization form
Loan Agreement
Authorization to fill in blank
Utility Bill
HR Letter
External investigation form
Life insurance form
Employed With Guarantor
Copy of ID (Borrower & Guarantor)
Utility Bill (Borrower & Guarantor)
HR letter (Borrower & Guarantor)
Loan request application form (Borrower & Guarantor)
Investigation authorization form (Borrower & Guarantor)
Loan Agreement (Borrower)
External investigation form (Borrower & Guarantor)
Life insurance form (Borrower)
Authorization to fill documents in blank (Borrower)
Personal Guarantee Consent (Guarantor)
Corporate Guarantee
Copy of ID
Copy of Passport
Utility Bill
HR letter
Loan Request form
Investigation Authorization form
Loan Agreement
Authorization to fill documents in blank
Corporate guarantee form

TYPE SECURED PAYROLL/Salary Transfer CORPORATE (the company pays for the client if he does not pay) PAYROLL WITH GUARANTOR
LOAN AMOUNT 5000 MIN. 5000 MIN 5000 MIN 5000 MIN
5000,000 MAX 300,000 MAX 300,000 MAX 300,000 MAX
INTEREST RATE 2% over Rate only on CDs & TD 16% 14% 15%
Flat:9.2 % Flat: 7.8% Flat: 8.9 %
COMMISSION ( once) N/A 1.30% 1.30% 1.30%
ADMIN FEES 1% 1% 1% 1%
LATE PENALTY (installment) 2% 2% 2% 2%
EARLY SETTLEMENT (remaining) 3% 3% 3% 3%
TENOR 6  Month Min 6  Month Min 6  Month Min 6  Month Min
120 Months Max 60 Months Max 72 Months Max 72 Months Max
LENGTH OF SERVICE N/A 1 Year 1 Year 1 Year
Minimum Salary N/A 1000 (gross) 1000 (gross) 1000 (gross)
Age Minimum 21Y Minimum 21Y Minimum 21Y Minimum 21Y
Maximum N/A Maximum 59  Maximum 59 Maximum 59
N/A 60 Years old at maturity of the loan
Installment % N/A 35% Of the gross income
checques N/A Signed in Advance

Privileges
TOP UP
After 1 year provided that the client holds a good history.
The Client might be entitled to increase the loan amount to 12 times the monthly gross salary. The difference between the new amount and the old one can be granted once again to the client.
Buy OUT
The bank can pay all clients debts in other banks & then the client can pay to the bank.
The money will be transferred to the other bank directly.
The client has to provide us with an official letter from the bank stating his outstanding liability according to which AAIB will settle the loan.
If the company is not listed

then the client can provide us with the Tax. Card and commercial register in order to list the company. The required conditions are:
Minimum years in business: 2 Years
Minimum capital: 50K
Minimum Number of employees: 20 Employees.

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