FEATURES Get more financial flexibility month to month

Overdraft Showcase Source

Overdraft amounts that suit your income

Available limit up to EGP 300,000 based on your salary to guarantee you the best repayment experience!

Competitive interest rate

Competitive interest rate calculated on the outstanding balance only

Change in plans?

No cancellation or settlement fees

BENEFITS Relieve your monthly stress

Get your salary in advance

Transfer your salary to your CIB account and enjoy up to twice your salary in advance. CIB introduces Revolving Overdraft Salary Upfront for payroll customers

Secured Overdraft

Enjoy a flexible and convenient way to access immediate cash and cover your financial emergencies whenever needed. You can borrow up to 95% of your Certificate of Deposits or Time Deposits There is no need to worry about fixed installments or tenors, as you will only be charged based on the outstanding debit balance utilization and repaid at your convenience. CIB Secured Overdrafts are available to both Egyptian and non-Egyptian residents aged 21 and above.


Repayments are never easier; anytime, anywhere

Easy repayment at more than 198 branches and 1,000 cash deposit machines

Offers Discover the newest offers with CIB

We add new offers all the time, so remember to check back for the latest deals

Fees and charges The fees and charges associated with your Overdraft Facility

Description Payment
Government Stamp duty (paid quarterly) 0.05% on highest closing debit balance in the quarter
Highest monthly debit balance for overdraft (paid monthly)

0.1% of highest closing debit balance in the month for:

  1. Secured overdraft against certificate of deposits except for cumulative certificate of deposits
  2. Secured overdraft against time deposits

 

0.15% of highest closing debit balance in the month for revolving unsecured overdraft

Segments What makes this product different for your segment

Plus customers

Among many other benefits, as a Plus customer you'll receive:

  • A maximum borrowing limit for unsecured overdrafts of EGP 20,000

Learn more about the benefits you receive as a Plus customer.

Wealth customers

Among many other benefits, as a Wealth customer you'll receive:

  • A maximum borrowing limit for unsecured overdrafts of EGP 500,000

Learn more about the benefits you receive as a Wealth customer.

Private customers

Among many other benefits, as a Private customer you'll receive:

  • A maximum borrowing limit for unsecured overdrafts of EGP 1,000,000

Learn more about the benefits you receive as a Private customer.

Requirements What you need to get an Overdraft Facility

Eligibility Criteria: Minimum age: 21, maximum age: 65 at the time of renewal

Required documents: Application form, valid national ID and a recent HR letter (in case of no pre-existing bank relationship).

Eligibility Criteria: Minimum age: 21, maximum age: 65 at the time of renewal 

Insurance: Life insurance covers outstanding balance in case of death (for overdraft limits up to EGP 1M) 

Required documents: Application form and valid national ID

To apply for one of CIB’s unique overdraft facilities, simply follow these steps:

  1. Complete the application form online or visit one of our conveniently located branches around Egypt
  2. Provide the documents required for your overdraft facility
  3. If approved, a CIB representative will contact you accordingly.

Learning center Useful banking tips

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