Buy the real estate you want and keep your savings
Issue an L/G from QNB in favor of the seller against your savings, which ensures that the seller receives the installments in its due dates. This L/G could be issued for a real estate purpose, whether buying an established unit, land, under construction unit or building your own home.
Benefits for buyer:
- Buy the real estate you desire without touching your savings
- Quick and convenient way of payment with minimum documentations
- No income proof documents are required
- Enjoy the convenience of the automatic deduction of installments from your account without having to come to the bank
Benefits for seller:
- Ease of selling the unit and guaranteeing receiving installments in their due dates
- This L/G will guarantee that the buyer will pay the seller the agreed upon installments (bank will debit buyer’s account and credit seller’s account) based on the agreed upon dates
Features:
- L/G guarantee duration up to 61 months
- L/G amount could reach up to EGP5,000,000 with maximum 85% of the pledged collateral (TDs or CDs)
- Both buyer and seller must be bank’s clients
- Minimum age is 21 years and without maximum age
Terms and conditions apply
For more information, please call 19700 or visit nearest branch