Real Estate Letter of guarantee

Buy the real estate you want and keep your savings

Issue an L/G from QNB ALAHLI 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

To apply, e-mail us on Retail.apply@qnbalahli.com and a bank representative will contact you shortly

For more information, please call 19700 or visit nearest branch