Features Fulfilling your financial flexibility requirements
Stay liquid
The overdraft provides maximum liquidity against your treasury bills portfolio
Keep your portfolio intact
Receive a secured overdraft facility against Treasury Bills with amounts up to a Loan-to-Value of 80% of the Treasury Bill value
Flexible repayment
Pay back the facility amount over one year
Attractive pricing
The secured overdraft pricing is based on corridor + 4% spread in addition to the highest monthly debit balance fees
Eligibility
This product is only applicable to Treasury Bills collateral under CIB custodyRequirements What you need to receive a World Elite Credit Card
Eligibility Criteria:
- Minimum age: 21, maximum age: 60 at loan maturity
- Minimum net salary: EGP 2,600
Insurance: Life insurance covers outstanding balance in case ofdeath
Required documents: Application form, valid national ID, recent HR letter or three pay slips* or bank statements
*Applicants who have had a payroll relationship with CIB for more than three months do not have to provide an HR letter or pay slips.
Eligibility Criteria:
- Minimum age: 21, maximum age: 60 at loan maturity for salaried , 65 for self- employed individuals.
- Minimum net salary: EGP 2,600 - for salaried customers, EGP 10,000 - for self-employed customers
Insurance: Life insurance covers outstanding balance in case of death
Required documents:
- Application form, valid national ID, bank statement, and a recent utility bill
- Salaried individuals: Recent HR letter or three pay slips
- Self-employed individuals: Valid commercial register and bank statement
To apply for one of CIB’s unique loans, simply follow these steps:
- Complete the application form online or visit one of our conveniently located branches around Egypt
- Provide the documents required for your loan
- If approved, a CIB representative will contact you accordingly.
