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Help Center,  Banking products & descriptions | Faydety

What is a car loan?A car loan is a type of loan given by banks to individuals&nbsp;to finance the purchase of a car. The car being purchased is used as the “asset” that guarantees the loans.&nbsp;The typical period of a car loan is between 1 to 7 years.What’s the difference between a car loan and a personal or home loan?Personal loans do not include an asset guarantee;&nbsp;the guarantee is only your salary.Home loans are guaranteed by the house purchased&nbsp;and have tenors of up to 20 years.&nbsp;A car loan is guaranteed by the car you purchase,&nbsp;and you are not allowed to sell it or even renew the license without the&nbsp;approval of the lending bank.&nbsp;What do I need to be eligible for a car loan?Car loans are given under four main programs (i) Employees, (ii) Professionals (doctors, lawyers, etc. who are freelancers) (iii) Self Employed &amp; (iv) ID Program. The required documents for the car loans are :<ul><li>A positive credit rating (a good I-Score result)</li><li>A balanced Debt Burden Ratio (DBR), which means that the&nbsp;loan&nbsp;amount you are looking to borrow,&nbsp;added to your existing loan obligations does not exceed your ability to pay back the&nbsp;loan based on your proven income. For example: Your obligations shouldn’t exceed 50% of your salary</li></ul>What are the typical documents needed?The documents needed differ based on your employment type and on the bank extending the loan. The following are the typical documents requested:<ul><li>General (for all):<ul><li>Valid National Identification (National ID or Passport)</li><li>Proof of Address (Rental contract or utility bill)</li></ul></li><li>If an Employee:<ul><li>HR Letter specifying (i)&nbsp;net income, (ii) hiring date, and (iii) position</li><li>Bank statements for the last 3 to 12 months proving income level (depending on the bank extending the loan)</li></ul></li><li>If a Professional:<ul><li>statements for the last 3 to 12 months proving income level (depending on the&nbsp;bank extending the loan)</li><li>Valid Syndicate Card</li><li>Practice Certificate (if applicable)</li><li>Tax card</li></ul></li><li>If Self Employed:<ul><li>Bank statements for the last 3 to 12 months proving income level (depending on the bank extending the loan)</li><li>Commercial register</li><li>Tax card</li></ul></li><li>Car Documents<ul><li>NewCars:<ul><li>Proforma &nbsp;invoice from the&nbsp;showroom</li></ul></li></ul></li><li>Used Cars<ul><li>Certificate from an authorized service center with car condition and market price</li><li>Copy of the car registration</li></ul></li></ul>How much does a car loan cost?There are five main variables to take into account when looking at the cost of a car loan:Interest Rate:&nbsp;The interest rate is the main cost factor when taking a car loan and it is the amount that is charged depending on the period of the loan&nbsp;(for more information about interest rates please refer to the&nbsp;interest rate&nbsp;section of the Help Center https://faydety.com/en/help-center/interest-101-6). Interest rates are expressed in two formats but they both lead to the same interest amount:Decreasing Interest Rate: This rate is the percentage to be charged against only the outstanding amount of the loan in any given periodFlat interest rate: This rate is a different presentation format which shows&nbsp;the percentage to be charged against the initial amount borrowed.Please remember that the flat interest rate is a different representation of the Decreasing Interest Rate and they should not be compared<ol><li>Administrative Fees: The administrative fees “Admin Fees” are fixed fees that are charged in the beginning of the loan as a fixed one-time payment that are deducted from the amount you are borrowing. Admin fees range from 1% to 4% depending on the bank.</li></ol>Please remember that&nbsp;admin fees are deducted from the amount you are borrowing as an initial payment. So, if you are borrowing LE 100,000 and your bank charges an&nbsp;admin&nbsp;fee of 2.00%, the bank will only transfer LE 98,000 to your account but your installments will be based on a loan of LE 100,000.<ol><li>Stamp Duty: The Central Bank of Egypt charges 0.05% per quarter on the outstanding balance of the loan (basically the amount you still owe). This is standard between all banks.</li><li>Car Insurance: All banks will require that the car is insured against accidents, theft and any damage in general. The cost of insurance ranges between 2.00% up to 4.00% of the car value per year, while some banks allow you to pick your own insurance company others will insist on a specific company.</li><li>Down Payment: While not exactly a cost, the percentage of the car you are willing to pay as a down payment affects (a) which banks will lend you, (b) interest rates within the same bank, and (c) conditions around the car. Down payment ranges can be between 0.00% (very few banks offer that) up to any number.</li></ol>Make sure you check the differences in interest rate vs. down payment percentages to get the best deal for you.How long can I borrow the money for?The typical period for car loans is between 1 to 7 years and that will be available in the majority of banks. Some banks lend for periods as little as 6 months and as long as 10 years. Make sure to check which banks offer loan periods that suit your needs.Can I buy any car?That again depends on the bank, there are three main categories to consider here:<ul><li>New vs. Used: Most banks finance new cars, but some banks finance used cars as well. The process, documentation and pricing is different from one to the other though. When used cars are financed they typically only finance cars that are up to 5 years old.</li><li>Brands: This is a bank specific issue, whereby some banks do not finance Chinese cars in particular and avoid some other brands as well. This reflects the bank’s view of the lifespan and the potential resale value of the car.</li><li>Personal vs. Commercial: Again this is a bank specific issue, some banks allow for commercial licenses while others do not. (Please note that this comment only relates for personal car loans and not car loans undertaken by a business)</li></ul>How do I apply for a car loan?Currently you apply for a car loan by either calling the call center of your bank or visiting a branch, a loan officer will take you through the process. To make sure you have an efficient process make sure to visit our car loan page (<a href="https://www.faydety.com/en/borrow/car-loan">https://www.faydety.com/en/borrow/car-loan</a>)&nbsp;to make sure you are eligible and have the required documentation ready.APPLY ONLINE: Through Faydety's online application, you will be able to apply for car loans from the comfort of your home, office or anywhere else!&nbsp;

Car Loans 101, What is Car Loan?

What are Certificates of Deposits “CDs” &amp; Term Deposits “TDs”?CDs and TDS are saving instruments that are offered by most banks, whereby you deposit a certain sum of money with the bank for a specific period and they pay you an agreed upon interest rate.What is the difference between Certificates of Deposits “CDs” &amp; Term Deposits “TDs”?While CDs &amp; TDs seem to be different instruments, they are actually the same thing. CDs typically refer to deposits with a period of greater than one year while TDS to deposits with a period of less than one year.What are the main factors to consider when researching CDs &amp; TDs?There are a few factors you need to decide on before you start comparing between different CDs &amp; TDs. Namely:<ul><li>Currency: Both saving instruments are offered in multiple currencies (Egyptian Pounds, US Dollars, Euros, and British Pounds)</li><li>Interest Rate Fixed vs. Floating: You either have a fixed interest rate for the entire period, or one that changes based on the changes done by the central bank of Egypt. Fixed is a safer investment that protects against any reduction in interest rates but loses you an potential in interest rate increases.</li><li>Time Period: The amount you plan to invest can be between 1 month and up to 10 years.</li><li>Breakage Penalties: Some of the products can include breakage penalties if you decide to withdraw your funds before the agreed time period or tenor.</li></ul>What do I need to apply for a Saving Deposit?Generally, you only need two things:<ul><li>Know Your Client “KYC” form</li><li>An account opening form to open your account</li></ul>How do I apply for a CD or TD?Currently you apply for a CD or TD by either calling the call center of your bank or visiting a branch, a loan officer will take you through the process. To make sure you have an efficient process make sure to visit our Save Deposits page(<a href="https://www.faydety.com/save/deposits">https://www.faydety.com/save/deposits</a>) to make sure you are eligible and have the required documentation ready.APPLY ONLINE: Soon Faydety will enable you to apply to save deposits from the comfort of your own home, office, or even coffee shop. If you are interested in this service, please click on this link and we’ll notify you as soon as it's available.

Certificates & Term of Deposits

What is a credit card?A credit card is a payment card with a linked loan that allows you to purchase items without the use of physical paper money (cash) in the form of a short term loan. The main features of a credit card are:<ul><li>Credit Limit: Credit limit is typically between 2 to 3 times you net take home income, that might differ depending on the bank that issued the card and on if you have other financial products</li><li>Payment Network: A payment network is where your credit card can be accepted for payment. The two largest payment networks are VISA &amp; MasterCard, with most credit cards being issued in those two networks.</li><li>Rewards System: Most rewards systems attached to credit cards fall into three main categories (i) cashback, (ii) shopping vouchers, and (iii) airline miles.</li></ul>Are credit cards safe to use?Credit cards account for over US$ 3 trillion in annual transactions, so they are very widely accepted and used. Credit card fraud only accounts for 1% of total transactions, as such credit card usages are relatively safe.Credit cards have built in security measures to minimize theft:<ul><li>Card CVV: This is the credit card security number on the back of the card that follows the credit card number.</li><li>One Time Password “OTP”: Most online credit card transactions now require an OTP whereby when you are performing the transaction the website asks you for a password which is sent by the bank to your mobile for use with that particular transaction.</li><li>Chip: Most new credit cards include a chip that requires a pin to process a payment.</li><li>Bank: Banks also do a lot of the risk management on their end by monitoring transactions as well as ensuring the full information of user matches the cardholder (i.e. asking for address and mobile numbers when purchasing online)</li></ul>The most important factor in the safety of using credit cards is how you use them. There are basic safety rules to follow:<ul><li>Do not share your credit card number with anyone</li><li>Do not share your PIN number with anyone</li><li>Do not use your credit card online on any websites you are not familiar with</li></ul>Do I get charged interest immediately after I purchase something?The short answer is no, you are not charged interest from the day you make a transaction. Most banks allow for an interest free grace period of between 55 – 58 days. But that period is not from the date you make a purchase, it is from your last billing date (most banks billing date is the 1st of every month).What are the typical documents needed?The documents needed for a Credit Card differ based on your employment type and on the bank extending the loan. The following are the typical documents requested:<ul><li>General (for all):<ul><li>Valid National Identification (National ID or Passport)</li><li>Proof of Address (Rental contract or utility bill)</li></ul></li><li>If an Employee:<ul><li>HR Letter specifying (i) Net income, (ii) hiring date, and (iii) position</li><li>Bank statements for the last 3 to 12 months proving income level (depending on the bank extending the loan)</li></ul></li><li>If a Professional:<ul><li>Bank statements for the last 3 to 12 months proving income level (depending on the bank extending the loan)</li><li>Valid Syndicate Card</li><li>Practice Certificate (if applicable)</li><li>Tax card</li></ul></li><li>If Self Employed:<ul><li>Bank statements for the last 3 to 12 months proving income level (depending on the bank extending the loan)</li><li>Commercial register</li><li>Tax card</li></ul></li></ul>How much does a credit card cost?There are three main variables to take into account when looking at the cost of a credit card:<ol><li>Interest Rate: (For more information about interest rates please refer to the Interest rate Section of the Help Center (<a href="https://www.faydety.com/en/save/cards">https://www.faydety.com/en/save/cards</a>) The interest rate is one of the cost factors when applying for a credit card but this will mainly depend on how you use your credit card. If you are regular in paying off your credit card balance then interest rate is not an issue, yet if you keep a regular outstanding balance than the interest can add up. Please remember that credit cards quote interest rates as monthly and not annual numbers, so they may seem cheaper than most loans but are actually significantly more expensive.</li><li>Issuance Fees: are the fees a bank charges you to issue you a credit card in the first place and can vary not only between banks but between different credit cards within the same bank.</li><li>Renewal Fees: are the fees banks charge you to renew your credit after it expires.</li></ol>How do I apply for a credit card?Currently you apply for a credit card by either calling the call center of your bank or visiting a branch, a loan officer will take you through the process.&nbsp;&nbsp;APPLY ONLINE: Now you enable you to apply Online to credit cards with Faydety from the comfort of your own home, office, or even coffee shop. Visit our credit card page ( <a href="https://www.faydety.com/en/save/cards">https://www.faydety.com/en/save/cards</a>) to apply now for free.

Credit Cards, Definition & costs

What is a debit card?A debit card is a payment card linked with your current and savings accounts that allows you to purchase items without the use of physical paper money (cash) but only from money that you already have in your account. The main features of a debit card are:<ul><li>Bank Accounts: You can link a debit card to multiple accounts within the same bank to perform payments, and some banks allow you to withdraw money from their ATMs without fees.</li><li>Payment Network: A payment network is where your debit card can be accepted for payment. The two largest payment networks are VISA &amp; MasterCard, with most debit cards being issued in those two networks.</li></ul>Are debit cards safe to use?Credit &amp; debit cards account for over US$ 3 trillion in annual transactions, so they are very widely accepted and used. Credit &amp; debit card fraud only accounts for 1% of total transactions, as such credit card usages are relatively safe.Debit cards have built in security measures to minimize theft:<ul><li>Card CCV: This is the debit card security number on the back of the card that follows the debit card number.</li><li>One Time Password “OTP”: Most online transactions now require an OTP whereby when you are performing the transaction the website asks you for a password which is sent by the bank to your mobile for use with that particular transaction.</li><li>Chip: Most new debit cards include a chip that requires a pin to process a payment.</li><li>Bank: Banks also do a lot of the risk management on their end by monitoring transactions as well as ensuring the full information of user matches the card holder (i.e. asking for address and mobile numbers when purchasing online)</li></ul>The most important factor in the safety of using debit cards is how you use them. There are basic safety rules to follow:<ul><li>Do not share your debit card number with anyone</li><li>Do not share your PIN number with anyone</li><li>Do not use your debit card online in any websites you are not familiar with</li></ul>What’s the main difference between Debit and Credit Cards?The main difference between both is the availability of credit or a loan. Debit cards only allow for transactions from your cash in your existing accounts, while credit cards allow for transaction based on a loan limit from the bank.What are the typical documents needed?The documents needed for a Debit Card are basically having a bank account. The documents for a bank account are:<ul><li>General (for all):<ul><li>Valid National Identification (National ID or Passport)</li><li>Proof of Address (Rental contract or utility bill)</li></ul></li></ul>How much does a debit card cost ?There are two main variables to take into account when looking at the cost of a debit card:<ol><li>Issuance Fees: are the fees a banks charge you to issue you a credit card in the first place and can vary not only between banks but between different debit cards within the same bank.</li><li>Renewal Fees: are the fees banks charge you to renew your card after it expires.</li></ol>

Debit Cards, Definition & costs

What is interest?Interest is the amount you are asked to pay to borrow money in addition to paying back the original amount you borrowed. I.e. If you borrow LE 100 and are asked to pay back LE 110, then LE 100 is the principal and LE 10 is the interest.What is interest rate &amp; how do you calculate it?Interest rate is an expression of how much interest you will be charged for a specific period of time and is expressed in percentage (i.e. 14.00%), usually the typical time period used is 1 year but that is not always the case.Using the example above, assuming you borrowed the LE 100 for 1 year and were asked to pay back LE 110 then the interest rate of the LE 10 interest is 10.00% per year.&nbsp;Do all products quote interest rates annually?While most products quote interest rates annually, there is one notable exception which is Credit Cards that typically quote interest rates on a monthly basis&nbsp;What’s the difference between decreasing and flat interest rates?First to dispel a myth, a flat interest rate is not cheaper or different than a decreasing interest rate, they are both actually different ways to present the same thing. Let’s explain it below:· &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;Decreasing Interest Rate: A decreasing interest rate is the percentage that will be charged against the outstanding amount only. I.e. if I am borrowing at a decreasing interest rate of 12.00% and I currently owe LE 100.0, then I will be charged LE 12.0 for the year. For the second year, assume I paid LE 20.0 from the principal and only owe LE 80.0, I will then be charged LE 9.6 for that year.&nbsp;· &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;Flat Interest Rate: A flat interest rate is expressed as the average that you will pay across the period of the loan. So taking the previous example, let’s assume the loan is LE 100,0 paid over 5 years equally, I will be charged as follows:o &nbsp; LE 12.0 interest amount Year 1o &nbsp; LE 9.6 interest amount Year 2o &nbsp; LE 7.2 interest amount Year 3o &nbsp; LE 4.8 interest amount Year 4o &nbsp; LE 2.4 interest amount Year 5o &nbsp; Total of LE 36,0 interest amount for the period of 5 years.The flat interest rate in the example we used would be calculated as (Total interest amount divided by principal amount divided by a number of years). So If we take LE 36 divided by our principal of LE 100 divided by 5 years which would give us a flat rate of 7.20%. So basically, in this example, a decreasing interest rate of 12.00% is equal to a flat rate of 7.20%.&nbsp;The most important thing to remember is to understand what type of rate the bank is quoting you and to make sure you always compare the same type of interest rate, you can always double-check by checking the amount of the instalment.&nbsp;All the interest rates shown for loan products on Faydety are decreasing interest rates, if you want to know the flat rate just click on “More Details” below the loan you are looking at.&nbsp;&nbsp;What is compounding interest?&nbsp;Compounding interest is an important concept to understand when looking at deposits. As explained earlier the interest rate is typically expressed annually, so to flip the example around if I deposit LE 100.0 for one year at an interest rate of 9.00% I will get back LE 109.0 as a total payment, LE 100.0 my principal and LE 9.0 in interest.&nbsp;In deposits, I have the option of getting paid my interest every 3 months, every 6 months, every year or at the end of the period. Compounding interest relates to if I decide to deposit money for more than a year and want to be paid my interest amount at the end of the period. So back to our example; if I deposit LE 100.0 at the same interest rate as above for three years, at the end of the first year I have earned LE 9.0 in interest but I have not taken that money. So when I come to calculate my principal for the second year, it is LE 109.0, not LE 100.0. As such the interest I earn is on the new amount which is the principal and the interest earned last year, in this case, LE 9.8.

Interest Rate, Definitin & types

What is a personal loan?A personal loan is a type of loan given by banks to individuals without an asset guarantee for a period of between 1 to 10 years.What’s the difference between a personal loan and a car or home loan?The difference is car loans and home loans are guaranteed by the asset they are used to purchase (whereby the bank can take the asset if you do not pay your loan). Whereby a personal loan is only related to your future income streams (typically a salary or other forms of income)What do I need to be eligible for a personal loan?Most personal loans are given to salaried employees, but they can also be given to professionals (doctors, lawyers, etc. who are freelancers) or to Self Employed.&nbsp;&nbsp;The required documents for the personal loan are :<ul><li>A proof of income (Human resources issued letter “HR Letter” or historical bank statements)</li><li>A positive credit rate (a good I-Score result)</li><li>A balanced Debt Burden Ratio (DBR), which means that the amount you are looking to borrow added to your existing loan obligations does not exceed your ability to pay back the amount based on your proven income. For example: &nbsp;Your obligations shouldnt exceed 50% of your salary.</li></ul>What are the typical documents needed?The documents needed for a personal loan differ based on your employment type and on the bank extending the loan. The following are Required documents for the personal loan :· &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;General (for all):o &nbsp; Valid National Identification (National ID or Passport)o &nbsp; Proof of Address (Rental contract or utility bill)· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If an Employee:o &nbsp; HR Letter specifying (i) Net income, (ii) hiring date, and (iii) positiono &nbsp; Bank statements for the last 3 to 12 months proving income level (depending on the bank extending the loan)· &nbsp; &nbsp; &nbsp; &nbsp; If a Professional:o &nbsp; Bank statements for the last 3 to 12 months proving income level (depending on the bank extending the loan)o &nbsp; Valid Syndicate Cardo &nbsp; Practice Certificate (if applicable)O Tax card&nbsp;&nbsp;· &nbsp; &nbsp; &nbsp; &nbsp; If Self Employed:o &nbsp; Bank statements for the last 3 to 12 months proving income level (depending on the bank extending the loan)O Commercial registerO Tax card&nbsp;&nbsp;How much does a personal loan cost?There are three main variables to take into account when looking at the cost of a personal loan:<ol><li>Interest Rate: (For more information about interest rates please refer to the Interest rate Section of the Help Center https://www.faydety.com/en/help-center )The interest rate is the main cost factor when taking a personal loan and it is the amount that is charged depending on the period of the loan. Interest rates are expressed in two formats but they both lead to the same interest amount:</li><li>Decreasing Interest Rate: This rate is the percentage to be charged against only the outstanding amount of the loan in any given period</li><li>Flat interest rate: This rate is a different presentation format which showed the percentage to be charged against the initial amount borrowed.</li></ol>Please remember that the flat interest rate is a different representation of the Decreasing Interest Rate and they should not be compared<ol><li>Administrative Fees: The administrative fees “Admin Fees” are fixed fees that are charged in the beginning of the loan as a fixed one-time payment that are deducted from the amount you are borrowing. Admin fees range from 1% to 4% depending on the bank.</li></ol>Please remember that Admin fees are deducted from the amount you are borrowing as an initial payment. So, if you are borrowing LE 100,000 and your bank charged an Admin Fee of 2.00%, the bank will only transfer LE 98,000 to your account but your installments will be based on a loan of LE 100,000.<ol><li>Stamp Duty: The Central Bank of Egypt charges 0.05% per quarter on the outstanding balance of the loan (basically the amount you still owe). This is standard between all banks.</li></ol>How long can I borrow the money for?The typical period for personal loans is between 1 to 10 years and that will be available in the majority of banks. Some banks lend for periods as little as 6 months and as long as 10 years. Make sure to check which banks offer loan periods that suit your needs.How do I apply for a personal loan?Currently you apply for a personal loan by either calling the call center of your bank or visiting a branch, a loan officer will take you through the process.&nbsp;APPLY ONLINE: Now you enable you to apply Online for personal loans with Faydety from the comfort of your own home, office, or even coffee shop. Visit our credit card page (<a href="https://www.faydety.com/en/save/cards"> </a><a href="https://www.faydety.com/en/borrow/personal-loan">https://www.faydety.com/en/borrow/personal-loan</a>) to apply now for free.

What's Personal Loan & its Cost?

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Help Center,  Banking products & descriptions

Join Faydety as we tell you which are the best medical insurance companies for individuals in Egypt if you are looking for cheap medical insurance that is suitable for your needs. Faydety will also provide a list of medical insurance companies in Egypt.You can always contact Faydety directly and learn about medical insurance prices for individuals in Egypt, the best company for you in coverage, and how you will benefit if you buy medical insurance.&nbsp;Also, you can find out the best medical insurance for freelancers here:&nbsp;<a href="https://www.faydety.com/learn/%D9%82%D8%A7%D8%B1%D9%86-%D9%88-%D9%82%D8%B1%D8%B1-2/%D8%A7%D9%8A%D9%87-%D8%A3%D9%81%D8%B6%D9%84-%D8%AA%D8%A3%D9%85%D9%8A%D9%86-%D8%B7%D8%A8%D9%8A-%D9%84%D9%84%D9%81%D8%B1%D9%8A-%D9%84%D8%A7%D9%86%D8%B3%D8%B1-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1--%D9%81%D8%A7%D9%8A%D8%AF%D8%AA%D9%8A-%D9%87%D8%AA%D8%B3%D8%A7%D8%B9%D8%AF%D9%83-2499">The best medical insurance for Freelancers in Egypt&nbsp;</a>&nbsp;<h2>The Best Medical Insurance Companies for Individuals in Egypt</h2>&nbsp;<h2>AXA Medical Insurance</h2>&nbsp;<a href="https://www.axa-egypt.com/individual-health-insurance?gclid=CjwKCAiAheacBhB8EiwAItVO2789PeSLLS8yNQ00G6EkwWZwYLo4x7hItTUdLLSdSvGuT24n93XAJRoCoZcQAvD_BwE">AXA</a> is considered the best medical insurance company for individuals in Egypt and offers several special features to its clients:&nbsp;AXA provides you with medical insurance that allows you to enjoy every moment of your life while protecting the future of your family and maintaining their lifestyle against unexpected events at the same time.Find AXA’s medical network&nbsp;<a href="https://www.axa-egypt.com/medical-network?p_l_id=38984&amp;_branchlocator_INSTANCE_UyBWOz7HVNqG_positionLat=30.061131&amp;_branchlocator_INSTANCE_UyBWOz7HVNqG_positionLng=31.2178707&amp;_branchlocator_INSTANCE_UyBWOz7HVNqG_pageReloaded=1&amp;_branchlocator_INSTANCE_UyBWOz7HVNqG_javax.portlet.action=getNearestLocations&amp;p_auth=iddqLaCS&amp;p_p_id=branchlocator_INSTANCE_UyBWOz7HVNqG&amp;p_p_lifecycle=1&amp;p_p_mode=view&amp;p_p_state=normal">here</a>You can download AXA’s mobile application on Google Play or Apple App Store and learn more about their services&nbsp;<a href="https://www.axa-egypt.com/mobile-app-download">here</a>The company provides its clients with many services, most notably AXA Clinic, which provides you with a comprehensive health examination at the highest level of comfort.Another feature of AXA is their excellent after-sales service. AXA is on the list of the best medical insurance companies for individuals in Egypt.&nbsp;<h2>Orient</h2>&nbsp;One of the most prominent advantages of&nbsp;<a href="https://www.orienttakaful.com/individual-and-family-medical-insurance/">Orient</a> is that it provides its clients with special medical insurance prices because it has the advantage of tailoring programs for each client.Each client can tailor their medical insurance plan according to their needs and budget.The company also has a strong medical network.One of the most important advantages of Orient when it comes to medical insurance programs is flexibility in terms of medical coverage and cost as well as their high-quality services.<h2> Royal</h2>&nbsp;Another company on the list of the best medical insurance companies in Egypt for both individuals and companies. Royal’s prices are affordable for everyone and one of its most prominent advantages is offering a fixed 20% deductible on all their plans.Contact Faydety for Insurance Brokerage and learn more about&nbsp;<a href="https://royalinsurance.com.eg">Royal</a> and their medical insurance for individuals and companies in Egypt.&nbsp;Find more information about medical insurance companies in Egypt&nbsp;<a href="https://www.faydety.com/en/learn/قارن-و-قرر-2/أفضل-شركات-التأمين-الطبي-في-مصر-2115">here</a>&nbsp;<h2>Talk to one of our medical insurance experts</h2>&nbsp;If you are on the market for medical insurance for you, your family, or your company, Faydety will provide you with the best offers currently on the market, and you can compare and choose the best plan for your needs and your budget. Faydety will also help you get medical insurance policy in no time.All you have to do is download the application and get in touch with our experts.&nbsp;<h4>Download Faydety mobile application</h4>Download Faydety application for Android<a href="https://play.google.com/store/apps/details?id=com.faydety.app"> here</a>Download Faydety application for iPhone<a href="https://apps.apple.com/eg/app/faydety/id1574213237"> here</a>

Join Faydety as we tell you which are the best medical insurance companies for individuals in Egypt if you are looking for cheap medical insurance 

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The Best Medical Insurance for Individuals in Egypt

Are you a freelancer? Do you have a problem finding good medical insurance? Faydety for Insurance Brokerage is here to save the day! All you have to do is download Faydety’s mobile application to get in touch with Faydety’s experts and solve your medical insurance problems.We know that one of the biggest problems facing freelancers in Egypt is issues with social insurance and medical insurance because they need to find a company that offers these options for freelancers.&nbsp;How will Faydety application benefit you? Read our article&nbsp;<a href="https://www.faydety.com/en/learn/عالم-المال-1/ليه-أبلكيشن-فايدتي-لازم-يكون-على-موبايلك--2179">Faydety App: Why You Need It on Your Phone ASAP</a> to find out more.&nbsp;<h2>Medical insurance for freelancers</h2>&nbsp;So, what is the solution regarding medical insurance specifically geared towards freelancers? Who will stand by you in times of need and support you during a health crisis?Faydety is here to provide you with a number of medical insurance companies in Egypt that offer some of the best insurance services at the best prices. Faydety will also help you compare between offers, make your decision and get your own medical insurance policy as soon as possible with just your national ID card.&nbsp;Don’t miss our article on freelancing&nbsp;<a href="https://www.faydety.com/learn/قارن-و-قرر-2/مين-بيكسب-أكتر-fulltime-ولا-freelancer-content-writer-59">here</a>&nbsp;<h3>If you are a freelance worker your problem with medical insurance is solved</h3>&nbsp;If you are a freelancer your problem is solved, you don’t have to worry about medical insurance anymore as Faydety is here to provide you with the best medical insurance offers and the best plans at the best prices.All you need is your national ID card and a personal photo, nothing else.&nbsp;Are you fed up with being copped up in the office all day? Here are some nice places where you can work out of office: <a href="https://www.faydety.com/learn/%D9%86%D8%B5%D8%A7%D9%8A%D8%AD-%D8%A8%D8%A8%D9%84%D8%A7%D8%B4-5/%D8%A7%D8%B2%D8%A7%D9%8A-%D8%AA%D8%B3%D8%AA%D8%BA%D9%84-%D8%A7%D9%84%D9%80-co-working-spaces-%D9%81%D9%8A-%D8%B4%D8%BA%D9%84%D9%83--23">How to best utilize Co-Working Spaces for your work</a>&nbsp;<h3>Get in touch with Faydety experts</h3>&nbsp;All you have to do is to get in touch with one of our experts on medical insurance for individuals to solve all your medical insurance problems.&nbsp;Faydety’s experts will also help you compare between different offers and find the best medical insurance plan for your situation.&nbsp;Don’t miss our article on the&nbsp;<a href="https://www.faydety.com/en/learn/قارن-و-قرر-2/أفضل-شركات-التأمين-الطبي-في-مصر-2115">Top Medical Insurance Companies in Egypt</a>&nbsp;<h4>Download Faydety mobile application</h4>&nbsp;Download Faydety app for Android&nbsp;<a href="https://play.google.com/store/apps/details?id=com.faydety.app">here</a>Download Faydety app for iPhone&nbsp;<a href="https://apps.apple.com/eg/app/faydety/id1574213237">here</a>

Are you a freelancer? Do you have a problem finding good medical insurance? Faydety for Insurance Brokerage is here to save the day! All you have 

Download our application and find the best medical insurance for freelancers



The Best Medical Insurance for Freelancers in Egypt

Why is the official US dollar rate today in banks 24 EGP but its price on the black market is more than 30 EGP? This is one of the most frequently asked questions right now, and in this article Faydety will help you understand the issue.&nbsp;Stay up to date with the USD rate and other currencies&nbsp;<a href="https://www.faydety.com/en/fx-rate">here</a>&nbsp;<h2>Why is there a difference between the official dollar rate and its black-market rate?</h2>&nbsp;The reason is because there is a huge shortage of foreign currency in Egypt, and the government is still supporting the Egyptian pound against the dollar which creates a big discrepancy between the official rate and the black-market rate.The reason behind this shortage is the war between Russia and Ukraine, and because a lot of foreign investments stopped operating in Egypt which led to a shortage in hard currency.Watch&nbsp;<a href="https://fb.watch/hqVtBgdDt2/?mibextid=RUbZ1f">this video</a> to learn more about the difference between the official price of the dollar and its price on the black market.&nbsp;<h3>International Monetary Fund</h3>&nbsp;It is expected that the IMF loan will help a little because it will restore investors’ confidence in investing their money in Egypt again.Don’t miss our article including video <a href="https://www.faydety.com/learn/%D8%B9%D8%A7%D9%84%D9%85-%D8%A7%D9%84%D9%85%D8%A7%D9%84-1/%D8%A8%D8%A7%D9%84%D9%81%D9%8A%D8%AF%D9%8A%D9%88-%D8%A7%D9%8A%D9%87-%D9%87%D9%88-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%88%D8%A7%D8%B2%D8%A7%D9%8A-%D8%A8%D9%8A%D8%B4%D8%AA%D8%BA%D9%84--2484">Everything You Need To Know About The IMF</a>&nbsp;<h2>When is the next Central Bank of Egypt meeting?</h2>&nbsp;Everyone is waiting for the meeting of the Central Bank of Egypt to decide on the interest rate issue, and the question now is whether the interest rate will be increased or not and the repercussions of the decision.&nbsp;According to the schedule of meetings published on its website the&nbsp;<a href="https://www.faydety.com/en/learn/عالم-المال-1/نبذة-عن-البنك-المركزي-المصري-34">Central Bank of Egypt (CBE)</a> is expected to &nbsp;meet next Thursday 22nd of December 2022 to discuss the interest rates of deposits and loans.More on the Central Bank and interest rates here:&nbsp;<a href="https://www.faydety.com/learn/عالم-المال-1/ليه-البنك-المركزي-بيرفع-سعر-الفائدة-اعرف-الاستفادة-2236">Why does the Central Bank raise the interest rate?</a>&nbsp;<h4>Expert predictions</h4>&nbsp;Most experts are of the opinion that CBE will decide to raise interest rates in order to re-attract foreign investments.<h4>This will be necessary to contribute to:</h4>&nbsp;<ul style="list-style-type:disc;"><li>Stabilizing the exchange rate.</li><li>The presence of a real return on customer savings in banks to protect them from the repercussions of the high rate of inflation.</li><li>Slightly control the increase in prices.</li></ul>&nbsp;Just so you know the US Federal Reserve decided to raise the interest rate by 50 basis points at its meeting on Wednesday 14thDecember 2022.&nbsp;What is the secret behind the rise in the price of the dollar in Egypt? Fine out more&nbsp;<a href="https://www.faydety.com/learn/%D8%B9%D8%A7%D9%84%D9%85-%D8%A7%D9%84%D9%85%D8%A7%D9%84-1/%D8%A7%D9%8A%D9%87-%D8%B3%D8%A8%D8%A8-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1--2129">here</a>

Why is the official US dollar rate today in banks 24 EGP but its price on the black market is more than 30 EGP? This is one of the most 

Will the IMF loan affect the dollar rate?



Why is the price of the USD on the black market over 30 EGP?

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