FEATURES Get more financial flexibility month to month

Overdraft Showcase Source

Overdraft amounts that suit your income

Available limit up to EGP 150,000 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 90% of it in advance.CIB introduces Revolving Overdraft Salary Upfront for payroll customers

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
Stamp duty fee (paid quarterly) 0.05% quarterly of "Highest closing debit balance" in the quarter stamp duty fee (paid quarterly)
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 T bills
  3. Secured overdraft against time deposits

0.05% of highest closing debit balance in the month for:

  1. Secured overdraft against savings account (for individual clients only)
  2. Secured overdraft against current account (for Business Banking clients only)

0.04% of the highest closing debit balance in the month for secured overdraft against cumulative certificate of deposits

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

Segments What makes this product different for your segment

Prime customers

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

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

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

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 over EGP 150,000) 

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 ourconveniently located branches around Egypt
  2. Provide the documents required for your overdraft facility
  3. If approved, a CIB representative will contact you accordingly.

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