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Supporting the Public Private Sector
Bank Audi lends a helping hand to public servants, giving them the funds they need to fulfill their ambitions. By simply domiciliating their salaries at the Bank, they benefit from a 6-year installment plan.
 
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What do I get?

  • Loan amount up to 15 times your salary
  • Loan period starting 12 months and up to 72 months
  • Fast loan approval, same day if applied before 12 pm
  • A compounded interest rate 12% from 1 to 6 years.

What do I need?

  • Salary domiciliation (or appropriate guarantee)
  • Public Sector employees include Armed Forces (Army, Customs, Internal Security Forces (ISF), General Security, Government Security Forces), National Social Security Fund (NSSF), and Public Educational Entities (teachers, professors, administrative staff, instructors, etc.).
  • Monthly payments should not exceed 33% of the income

What is the Annual Percentage Rate (APR)?
The Annual Percentage Rate also known as APR describes the annual rate applied on a loan for the whole period.

APR calculation includes, other than the monthly payments, all mandatory fees that clients need to pay such as the file fees, stamp fees and life insurance fees.

APR calculation excludes the late payment fees and early settlement fees.
What are the fees that are calculated in the APR for the Personal Loan?
Life insurance fees and stamp fees

Example of the APR calculation for the Personal Loan:
  • Currency: USD
  • Client in good health condition (based on the Bank’s medical questionnaire)
  • 1st payment date: 15 days after loan execution

Net loan amount Period (years) Rate (compounded) APR
USD 50,000 3 12% 15.09%

Goes Well With Your Loan