Digital loan for payroll customers Qorus-Infosys Finacle Banking Innovation Awards 2025

Bank Misr Launched First Digital Loan for Payroll Customers – A Milestone in Digital Banking As part of Bank Misr’s strategic vision to lead in digital transformation and provide outstanding customer experiences, we are proud to introduce a groundbreaking innovation in the Egyptian banking sector — the Digital Loan for Payroll Customers. This launch, which took place in July 2024, marks the first time a fully digital lending product has been tailored specifically for payroll clients in the local market. Our goal is clear: to offer a fast, simple, and accessible loan journey that fits the modern lifestyle of our customers. The digital loan is now available through BM Online and our dedicated web portal, eligible customers can apply without the need for branch visits. With this product, we’ve eliminated traditional barriers to borrowing. There are no processing fees, no lengthy paperwork, and no need for multiple documents. The entire process is digital, secure, and user-friendly. Once approved, the loan is disbursed within just two hours, making it one of the fastest solutions on the market. Within a year 30% of contracted companies’ customers preferred disbursing digital loans over conventional programs. Key Features of the Digital Loan for Payroll Customers: • Fast Approval and Disbursement: Funds are credited within 2 hours of loan approval. • No Processing Fees. • Fully Digital Experience: No paperwork or physical visits needed during application. • Free Life Insurance: Added value through complimentary coverage during the loan period. • Competitive Interest Rates: Designed to offer customers cost-effective financial support. • Longest Loan Tenor in the Market: Giving borrowers greater flexibility and control. This new offering isn’t just about speed or convenience — it’s about redefining the customer experience. We believe that banking should be simple, secure, and centered around people’s lives. That’s why we designed this product with our customers in mind, streamlining every step to save time and reduce hassle. By launching this digital loan, Bank Misr reinforces its commitment to customer-centric innovation and to supporting our clients with tailored solutions that match their financial needs. It also demonstrates our ongoing investment in digital capabilities, paving the way for a more inclusive and efficient banking system. We are confident that this product will contribute significantly to enhancing customer satisfaction, expanding our retail lending portfolio, and solidifying our position as a leader in digital financial services. At Bank Misr, we believe this is only the beginning. More digital innovations are on the horizon — designed to empower our customers, support their ambitions, and help us all grow together. This digital loan for payroll customers is a testament to our commitment to innovation and customer-centricity. It embodies our vision of a future where banking is not just a necessity but a seamless, empowering experience. By leveraging cutting-edge technology, we are not only simplifying financial access but also setting new benchmarks for service excellence in the banking industry. We believe this pioneering product will significantly enhance customer satisfaction.