EGYPT LOAN WITHOUT SALARY TRANSFER

In Egypt’s growing financial sector, loans without salary transfer are a popular alternative, especially among young professionals, freelancers, and small business owners, this type of loans support financial inclusion by offering access to credit beyond the traditional salary-based system.

How does a loan without salary transfers work in Egypt ?

Instead of salary transfer, banks and private lenders use other methods to secure repayment, such as automatic debit from an existing account, standing instructions, credit card repayment, or collateral; the approval process may include credit checks, proof of employment or business activity, and supporting documents.

Which Egyptian Banks Offer Non-Salary Transfer Loans?

Here are some of the Egyptian banks that explicitly offer personal loans without requiring salary transfer, ideal for borrowers who cannot or prefer not to transfer their salary to the lending bank:

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Banks in Egypt That Offer Loans Without Salary Transfer

• Mashreq Bank Egypt
  Offers “Loans without Salary Transfer”—personal loans up to EGP 1.3 million with flexible tenors (up to 108 months), no collateral or guarantor needed. Requires ID, income letter, and bank statements.
  Mashreq Bank
• HSBC Egypt
  Provides a “Personal Finance without salary/installment transfer” option. Offers financing up to EGP 3 million, flexible repayment up to 120 months, and eligibility for applicants who don’t transfer their salary.
  HSBC Egypt
• National Bank of Egypt (NBE)
  Offers personal loans “without salary/instalment transfer,” with loan tenors up to 10 years, amounts up to EGP 1.5 million, free insurance, and no guarantor required.
  National Bank of Egypt
• Bank NXT (part of Emirates NBD)
  Offers “Cash finance with or without salary transfer,” allowing loans up to EGP 5 million and repayment periods up to 120 months for those not transferring their salary.
  BanknX
• The United Bank (UB)
  Offers personal loans without salary transfer—eligible for salaried, self-employed, or professionals, with non-salary loans up to EGP 3 million and up to 7 years repayment.
  Mashreq Bank
• EG Bank
  Provides personal loans to applicants without salary transfer upon submission of an authenticated HR letter or HR letter combined with three months’ bank statements.
  eg-bank.com
• Bank ABC Egypt
  Offers “Personal Loans without Salary Transfer” to employees with salaries deposited in other banks. Loan terms include up to EGP 2 million with repayment terms up to 7 years.
  Bank ABC
• Al Baraka Bank Egypt
  Provides Sharia-compliant personal finance without salary transfer—requirements include 3 months’ bank statements or an HR letter certified by the bank. Loans go up to EGP 5 million with flexible tenors.
  Al Baraka Bank