Payroll
|  | | Payroll at AAIB
Salary Transfer
Installment Transfer |
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Guarantor
|
| His salary should cover 80 % of borrower salary |
Due Date
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| 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
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| 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
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Secured
|
| Copy of ID OR copy of Passport. |
| Loan Request Application form. |
| Investigation Authorization form. |
| Loan Agreement. |
| Authorization to fill in blank. |
| Letter of lien. |
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. |
| HR letter. |
| Loan Agreement. |
| Authorization to fill documents in blank. |
| Corporate guarantee form. |
| 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 | 16.5% | 14.5% | 15.5% | | Flat:9.58 % | Flat: 8.30% | Flat: 8.93 % | | 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 |
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Privileges
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| 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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| ApplyNow |