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Source:
الوطن
Pensioners' Loan Options Up to 3M Pounds
Egyptian banks will offer personal loan programs to pensioners in 2026, varying between loans secured by pension transfer and loans targeted at specific groups. The financing amount can reach up to 3 million Egyptian pounds, with repayment periods of up to 12 years. It is required that the borrower's age at the end of the loan be between 65 and 70 years old, along with the condition that the pension be transferred to the bank and a life insurance policy be issued. The necessary documents include a valid national ID card, a recent utility bill, and pension statement. These programs aim to meet the needs of retirees for expenses or debt repayment.
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