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)