Loans results
No extra fees or penalties have been added and the normal interest stated in the contract will continue to be calculated normally during the postponement period.
The monthly installment dates will be as follows:
For loan installments with repayment dates starting the 1st until the15th of each month, the first installment after the postponement will be due in November, 2020
For loan installments with repayment dates starting the 16th of each month, the first installment after the postponement will be due in October, 2020
The installments will be due on the same dates of the agreed upon payment plan stated in the initial contract.
*Please get in contact with the Bank to know the Quarterly, Semi-annual and Annual repayment due dates
According to the Central Bank of Egypt, the accrued interest amount due to the postponement period has been added to the loan principle balance and distributed to the remaining loan installments. Accordingly, the new loan installments have changed.
The bank will provide a variety of options to assist in this matter, please get in contact with us for more information.
According to the Central Bank of Egypt, the loans maturity has been extended to 6 months.