Egyptian Arab Land Bank Offers Customers Flexible Repayment Terms on Loans during Ramadan

Egyptian Arab Land Bank Offers Customers Flexible Repayment Terms on Loans during Ramadan
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Published August 31st, 2010 - 08:41 GMT

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The Egyptian Arab Land Bank (EALB), one of the pioneers in the Jordanian banking sector, is introducing a new financing alternative during the Holy month of Ramadan that provides customers with the opportunity to benefit from flexible repayment terms on any personal, commercial, car or real estate loans.

The offer is better known as "Ehna Maak' and allows individuals to defer their August or September loan payment until the end of their payment period. This one-of-a-kind offer comes as part of the Bank's commitment to continuously provide the best of class services and reflects the Bank's dedication to its local community.

Mr. Hazem Yousef, General Manager of the Egyptian Arab Land Bank, stated, "We aim to continuously provide our customers with innovative, valuable and competitive financial solutions. During these challenging times and as part of the Holy month of Ramadan, we feel it is our responsibility to provide a more convenient, flexible and affordable loan payment to help ease our customers' financial responsibilities."

As part of the offer, the customer will be exempt from commissions, fees or higher interests when the amount is paid in full at the end of the payment period. However, to be eligible for this offer, recipients must have good credit ratings.

The Egyptian Arab Land Bank was established in 1880 and is fully owned by the Egyptian Government. The Bank aims at continually offering customers a comprehensive range of financial, investment and banking services from Savings Accounts and Deposit Boxes to Personal, Commercial, Car and Real Estate Loans. 

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