Overdraft (Al Nota)

Overdraft
(Al Nota)

Al Nota is a digital credit limit disbursed to Fawry POS terminals or Fawry Android App, where merchants can use the limit to purchase goods from B2B companies, or to perform Bill-Payments transactions (utility bills, air-time, tickets, etc.).

  • Loan amount: from EGP 10.000 to 150.000
  • Loan tenor: 12 months
  • Single transaction tenor: from 3 to 15 days
  • Supported businesses activities: Trade & Services
  • Purpose: working capital
  • Business location: Most of governorates
  • Time for decision: within 24 Hours (after submitting all mandatory documents)
  • Collateral: no collateral
  • Mandatory documents: 1. Valid national ID 2. Residence proof (contracts or utility bills)
  •  Application method: Website , Mobile App & POS bill type code “70991”