Product Charges | Interest:
5% simple diminishing interest for industrial activities, services and professions "as per the Central Bank of Egypt initiative"
Competitive rate of return for commercial activities |
Product Benefits | Contribute to aiding existing projects “whose sales value ranges between EGP 1 million to less than EGP 50 million” for development, expansion, replacement, and renewal by offering financing to projects that provide permanent job opportunities, which will, in turn, boost production and income. It offers financing for all types of enterprises; whether individual, personal enterprises or finance companies performing in all activities including industrial, commercial, services, liberal professions, medical, clinical, and pharmaceutical. This is in addition to environmentally-friendly activities and projects for clean energy transformation (natural gas and solar power).
The fund is offered through short, medium and long -term loans for working capital finance, as well as financing local purchases and imports of machinery, equipment (new/ used) and vehicles.
Loan value ranges between EGP 250,000 and EGP 8 million to finance both existing and new activities.
The loan period ranges between 1 and 5 years with a grace period depending on the nature of the project. |
Additional Product Data | Financing percentages:
Up to 80% for machinery and equipment
Up to 80% for automotive
Up to 100% for working capital |
Required Documents | Recent transcript from the commercial registry
Copy of tax card
Copy of activity license (temporary, final, under issuance or not subject to license)
Taxation and insurance status
Copy of the project location’s ownership deed or lease contract
Budgets since start of activity or a maximum of the last three budgets for existing companies
Copy of articles of incorporation and amendments thereof (for individual or finance companies)
For recently established projects: feasibility study from a certified public accountant |