Term Loan

Term Loan is a Loan that is disbursed for a specific maturity and having equal monthly installments.

Product Details:

  • Amount: from EGP 20,000 to EGP 266,000
  • Tenor (maturity): from 6 months to 36 months.
  • Purpose of the loan:
    • Working capital
    • Fixed assets
  • Disbursement method: cash, or credit (digital money) into Fawry account.
  • Time for decision: within 48 Hours (after submitting all mandatory documents
  • Guarantor/s:
    • For loans up to EGP 50,000 – No Collateral.
    • For loan above EGP 50,000 – required 1 – 2 guarantors

Conditions:

  • Business experience: not less than 12 months
  • Client’s age: from 21 to 64 years’ old
  • Business type: Trade, Manufacturing, Services

Documents:

  • A valid national ID for the customer and guarantors.
  • Ownership or rental contract for housing or utility bill.
  • Ownership or rental contract for the business activity.
  • Business photos.

How to Apply:

  • Website
  • Hotline
  • Fawry MSME Official Social Media Accounts
  • Mobile Application (تمويلك فوري)