The Daily News Egypt
How to get personal loans from CIB
Commercial International BankEgypt ( CIB) offers personal loans ranging from EGP 5,000- 1m without any guarantees, with a repayment period of up to 120 months.
The bank additionally provides free life insurance for each borrower until the end of the loan period and allows borrowing with client’s deposits or savings certificates as guarantees.
Loans can be repaid at more than 180 branches and more than 80 ATMs.
This funding scheme is available to employees whose salaries are transferred to the bank as well as those with non- transferable salaries and freelancers.
To obtain this loan, if their salary is transferred to the bank, a client must provide a completed loan application form, a copy of their valid national ID card, and a telephone, electricity, or gas bill no older than three months.
If their salary is not transferred to the bank, a client shall present the aforementioned documents, a recent monthly salary payslip or a bank statement for the last six months.
Business owners and self- employed workers must present the same documents, a personal or the company’s bank statement for the last six months, and a copy of a valid trade record or equivalent. The bank can require more documents, depending on each client’s case.
The bank allows its customers to apply for a personal loan by sending the word “PL” in a message to 16644.