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”