40,000 EGP.. How to get an annual return from “CIB” Bank

The Commercial International Bank (CIB) provides a travel loan up to a maximum of EGP 350,000, according to the customer’s financial position, with a repayment period of up to 5 years, with an interest rate of approximately 20.75%.

Conditions for obtaining a loan

To obtain the loan, the age of the borrower should not exceed 60 years at the time of loan maturity for those with a monthly salary, and 65 years for private business owners.

The loan provides a life insurance policy that allows covering the remaining value of the loan in the event of death.

In order to obtain the loan, it is required to submit an application form and a valid national number card, and for salary account holders, it is required to submit a letter detailing the salary from the employer with a recent date, and 3 salary statements.

In the absence of a salary account with the Commercial International Bank, a letter with the salary items must be submitted from the employer with a recent date or three salary statements, a recent utility receipt, and for private business owners, a bank account statement, a recent utility receipt, and a valid commercial register are required.

The bank allows obtaining the loan by submitting an online application via the website or through the bank’s branches, along with bringing the necessary documents to obtain the loan.

Commercial International Bank Certificate 20%

Commercial International Bank Certificate 20% The Commercial International Bank, CIB-Egypt, recently launched a new certificate with a monthly return of 20% with a fixed return, with a minimum purchase limit of one million Egyptian pounds and multiples of one thousand Egyptian pounds, after the recent decision of the Central Bank of Egypt to raise interest rates by 2%.

How to earn 3,000 pounds per month from a savings certificate at the Commercial International Bank CIB- Egypt?

When investing an amount of 200,000 pounds in a certificate of the Commercial Bank CIB- Heliopolis, with a return of 20%, the profits achieved will be 3,300 pounds at the end of the period, which is equivalent to 40,000 pounds per year.

Central decision to raise interest 

the Monetary Policy Committee of the Central Bank of Egypt raised interest rates by 200 basis points, and several government and private banks issued certificates with a return of 22%.