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5 products that will help you solve your financial crisis

Publish Date: 28 Apr 2021

Money Tips

5 products that will help you solve your financial crisis

Find out which banking products can help you solve your financial crisis

Banks have always designed products that suit all financial needs and any financial crisis that individuals may go through, this in addition to savings products that help to circumvent these crises in the first place of course. These banking products vary in many ways, from interest rates, durations, installments, to return rates (in the case of savings products).

 

5 banking products that can solve your financial crisis

 

1- Credit Cards are the solution!

 

They are trump cards that will always be there to back you up in times of need. You can apply for a credit card without any collateral needed, and the credit card also offers you deals and discounts on many products. What’s more any purchase you make with a credit card turns into points that you can benefit from later on in the form of travel miles, discounts or even cashback. You can also use your credit card to pay for your purchases in installments as well.   

 

Check our article 10 Credit Cards Secrets Banks Won’t Tell You About

 

Apply right now for a credit card on Faydety in just a few minutes!

 

Is your budget completely in the red?  Apply for a Personal Loan!

 

2- Personal loans are one of the most important banking products that stand by you in time of need, as it has many uses, and is without collateral unlike other loans, so you can use it for your children's school fees, or if you have debts that you are unable to pay due to your circumstances, or even if you want to travel or renovate your home for example.

 

Apply now for the right personal loan for you on Faydety in just a few minutes for free. 

 

“A credit card is the trump card that will help you buy what you want at any time and without guarantees 

 

3- If you want to buy a car!

 

In the event that you want to buy a car but only have some of the money saved then the solution is that you apply for a car loan, which you can pay back at ease. An important advantage provided by banks in Egypt is that they approve loans for both new and used cars, except for some banks that object to some Chinese brands.   

 

Before you apply for a car loan, compare loans offered by different banks on Faydety and choose the one that suits you.

 

4- Buy a house!

 

If you live in a rented apartment and you are tired of paying rent every month or if you just wish to own your own home, you can apply for a home loan/mortgage and buy your dream apartment.

 

If you want to know the best offers for home loans, you can find them here, Apply for the Central Bank’s mortgage initiative


5- Start your own business!

 

Work always has problems, and if you want to work comfortably and without much psychological pressure and stress, you can always start your own business. 

 

Apply for a small projects loan that will make it easier for you to start your business and repay the loan in installments from the profits that you make at a decreasing interest rate of 5%. 

 

This loan is available in 6 Egyptian banks:

 

  • National Bank of Egypt
  • Banque Misr 
  • Agricultural Bank of Egypt 
  • Commercial International Bank 
  • Arab African International Bank 
  • Bank of Alexandria 

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