Nasser Social Bank launches financing and certificates for pensioners

Nasser Social Bank has introduced several financial products and services specifically targeting pensioners, beneficiaries, and senior citizens. One such initiative, the ‘In Love with Egypt’ financing, provides cash loans ranging from 5,000 to 30,000 EGP. This financing carries an annual interest rate of 9%, with repayment periods spanning between 3 and 10 years, depending on the client's ability to repay and bank regulations.

To qualify for this financing, applicants must be pensioners, beneficiaries, or new government employees who have not previously dealt with Nasser Social Bank. Required documentation includes a valid national ID, a certified pension statement, a recent salary statement for government employees, an employer's commitment to transfer installments, and a recent utility bill.

Additionally, the bank offers the ‘Return the Favor’ certificate for seniors. These certificates allow for investments starting from 1,000 EGP up to a maximum of 2 million EGP. Options include a one-year certificate with a 16.50% annual return paid monthly, or a 17.50% annual return paid annually.