Very Small Term Loans
Term Loan is a Loan that is disbursed for a specific maturity and having equal monthly installment.
Product details:
- Amount: from EGP 267,000 to EGP 2,000,000
- Tenor (maturity): up to 36 months. Maximum maturity depends on the loan purpose and loan amount.
- Purpose of the loan:
- Working capital
- Fixed assets
- Mixed (Working capital and fixed assets)
- Disbursement method: cash, or credit (digital money) into Fawry account.
- Guarantor/s: 2
Conditions:
- Business experience: not less than 12 months
- Client’s age: from 21 to 64 years’ old
- Business type: Trade, Production, Services (except agriculture & construction business)
Documents:
- A valid national ID for the customer and guarantors.
- Ownership/rental contract for housing or utility bill.
- A lease/ownership contract for the business activity.
- Copy of the commercial register and tax card
- Business photos.
- Other documents can be extended based on the loan amount or specific business nature.
How to Apply:
- Website
- Hotline
- Fawry MSME Official Social Media Accounts
- Mobile Application (تمويلك فوري)