Common Contracts
1 similar null contracts
Personal Loan Against Term DepositeMarch 8th, 2023
Terms and Conditions مﺎﻜﺣﻻاو طوﺮﺸﻟا Disbursement of Loan:A- In case of Personal Loan (“Loan”) the principle Loan shall be disbursed to the account of the Borrower upon the completion of all the securities and documentations contained in Article (2) of the Agreement.B- In case of a Loan being booked on or before the 15th of a particular month, then the first installment will be due from the 1st of the next month ( t+1) If the Loan is booked after the 15th of the month, the first installment will be due from the 1st of the month after next ( t+2) Securities:As a guarantee and security to pay the Loan, interests, commissions, fees and any other amounts become due under this Agreement, the Borrower commits and undertakes to pledge a term deposit in favor of Banque Misr (“Bank”) as a collateral against the Loan in accordance with the terms and conditions of the term deposit, letter of pledge and authorization of pledge. Interests, Commissions and Fees:A- The interest shall be calculated on
