Easy Payment Plan program

Suez Canal Bank offers the best banking services to our valued customers, to meet their current and future needs. In line with our bank's commitment to providing benefits to Credit cardholders, we have launched a new service "Easy Payment Plan". This service allows you to spend a minimum transaction of EGP 500 and pay later through flat interest rate in the form of installments up to 60 months with a competitive interest rate

Easy Payment Plan service offers the following benefits:

Easy Payment Plan is available up to 90% of the card’s available credit limit.

All monthly installments are equal for each transaction.

Competitive interest rate.

Offered to all Bank Credit Cards cardholders.

Example:

If the customer makes a purchase of EGP 10,000 and requests the installment of the transaction over a payment period of 24 months, as following:

Monthly interest of 2 % will be charged on the total purchase amount, which is EGP 4,800.

The purchase amount including the interest rate will be EGP 14,800.

It will be paid over equal monthly installments for 24 months, and the amount of the monthly installment is 617 EGP.

Terms & Conditions:

The minimum amount of Payment is EGP 500 and a maximum is 90% of available Credit limit.

All monthly installments are equal for each transaction.

The Processing fee is 0 %.

The service can be requested by calling the contact center at 19093 within 20 days from transaction date.

The installment program can be canceled at any time with cancellation-Payoff fee of 5% of the outstanding balance by calling the contact center at 19093.

No documents are required for the Easy Payment Plan program.

The installment period can be chosen from 24 to 60 months.

There are no maximum number of requests if they are within 90% of the available credit limit.

The first installment is due the month following the request month.

The monthly installment is calculated as part of the minimum amount due.

The customer must be a holder of a Credit Card from Suez Canal Bank.

The service is not available if the card is invalid or suspended.

The bank reserves the right to modify and change these terms and conditions from time to time.