Turbo Loans
The loan that's fast
for the self-employed
Quick Approval
within 48 hours
Generous loans
up to EGP 750K
Up to
7 years tenor
Designed for the self-employed
If you are self-employed and need finance fast, this is the perfect product for you. Turbo Loan is designed for self-employed individuals who want a loan quickly with the minimum of paperwork.
Are you ready to apply?
Benefits
Easy documentation
Commercial register, taxation card & bank statements.
Flexible repayment period
Repayment tenor of up to 84 months.
Fast approvals
Our fast processing means that approval can take as little as 48 hours.
You will need
A valid national ID
Valid commercial registration and taxation card
Last 6 months' personal bank statements or company bank statements
To be self-employed
Eligibility
Minimum Monthly Income
Minimum monthly income is EGP 11,000
Company approval status
Valid commercial registration & taxation card
Employment term
Minimum of 2 years length of business
Still got questions?
This programme is for self-employed individuals who want a loan in 48 hours with minimal documentation. The advantage of this loan is speed and almost guaranteed approval.
- This program is called Turbo because it’s a fast tracked programme with the following benefits:- Approval within 48 Hours Minimal Documentation Higher amounts up to EGP 750,000.
- An applicant is considered self-employed if ANY of the following applies: Owns a sole proprietorship or is a partner/shareholder in a company. Applicant’s name is on the commercial registration of a partnership. Shareholder in a closed joint stock company, regardless of his/her ownership percentage. Owns over 50% of the shares of a publicly traded joint stock company.
- The maximum amount for aa Turbo Loan is EGP 750,000 & the maximum tenor for a Turbo Loan is 7 years (84 months)
- Please check the list of mandatory documents to be presented to apply for a Turbo Loan: Commercial Registration Updated Taxation Card Partnership share, in case not a sole proprietorship company 6 Months personal or business bank statements
- The upfront costs related to a personal loan are processing fees and insurance fee.
- The Turbo Loan is offered to Mashreq existing self-employed customers and also to new bank clients.
- Our interest rates are competitive and are charged on a reducing balance. To find out more about this, please get in touch with a Bank representative.
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