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Medical Financing Program

​​​​​​​​​CIB Business Banking is proud to be one of the Egyptian market pioneers in offering a specialized financing program designed for the Egyptian Medical sector given it's  great importance and direct relation to the well-being of Egyptians. Based on this principle, we are introducing a tailored financing program designed for the Egyptian Medical sector serving both healthcare providers and manufacturers of medicines and medical supplies as follows:

1.Healthcare Providers (Hospitals, Medical centers, Medical Labs, etc… ), to own the latest medical equipment and tools to be up to date with the modern technology, and provide more efficient medical services.

For your convenience, we offer you two financing programs to choose from based on your needs and requirements as follows:

 

1. Income Proof Program

Loan Amount CalculationWill be decided upon net income calculated from the Last recent 12 months company / owners bank statements.
Debt Burden Ratio 60%
Loan Amount

Minimum Loan Amount EGP 50k

Maximum Loan Amount EGP 2m

Loan To Value % (From Vehicle Price)Up to 65%
Loan TenorMinimum 1 year & up to 5 years
Grace PeriodUp to 3 months

2. Medical Practice Program

Loan Amount CalculationWill be decided upon analyzing the company's last 3 years audited financial statements, following simplified ratios.
Loan Amount

Minimum Loan Amount EGP 100k

Maximum Loan Amount EGP 5m

Loan To Value % (From Vehicle Price)Up to 70%
Loan TenorMinimum 1 year & up to 5 years
Grace PeriodUp to 6 months


 

  •  Manufacturers of medicines and all supplies and tools related to the Medical sector, to own modern machinery, equipment and production lines which shall increase the business volume and development.


 

3. Medical Manufacturing Program

Loan Amount calculationWill be decided upon analyzing the company's last 3 years audited financial statements, following simplified ratios.
Loan Amount

Minimum Loan Amount EGP 250k

Maximum Loan Amount EGP 7m

Loan To Value % (From Vehicle Price)Up to 70%
Loan TenorMinimum 1 year & up to 5 years
Grace PeriodUp to 6 months

 

4. Overdraft Service

The OD program is embedded in the Medical Finance program for you to benefit from, after 1 year of being financed with the Medical Practice Program or Medical Manufacturing Program

This program is capped with a maximum amount of LE 500k and  conditioned to be cleared at least once a year. Cash withdrawals from this account is not allowed, withdrawals must occur only through issuing checks for your suppliers.

CIB Business Banking appreciates the importance of your time and its value for your business growth, therefore we offer you the chance to apply for the Medical Financing Program, and enjoy our unique turnaround time and easy approval process.

 

Looking forward to be your closest partner in success!

 

Please send an email to the below address with your contacts and a CIB representative will contact you within 2 days

business.banking@cibeg.com​


*Terms and conditions apply​