Priority Banking

Surrogate Lending Programs

Features	Surrogate Lending Programs
Loan type	Semi Secured Loan	Loan Against Residence	Funds and Assets Loan
Tenor in Months	6 – 84 months for unsecured loans 6 – 120 months for secured loans	6 – 60	6 – 60
Administration fees	2.00% min of EGP 500 for unsecured loans	2.00% min of EGP 500	2.00% min of EGP 500

Features	Individuals
Admin Fees p.a.	2.00% min of EGP 500
Late Payment Fees	EGP 50 per installment + 4.00% over the contracted rate
Early Repayment / Settlement Fees	EGP 7% on cash settlement (irrespective of settlement date) & 10% in case of transfer/buy-out (irrespective of settlement date)