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Barclaycard Terms and Conditions

Terms & Conditions of Usage Personal Barclays Credit Cards
“VISA CLASSIC, GOLD & PREMIERSHIP”

This application is considered to be the entire Agreement between Barclays and the cardholder, which determines terms, conditions of card usage and issuance:
  1. DEFINITIONS:
    The following definitions should apply in this Agreement which defines terminologies meaning unless otherwise oppositely determined:
    • “Agreement”
      Means this Agreement or its amendments from time to time in accordance with condition 14 set herein.
    • “Bank”
      Means Barclays Bank Egypt, its successors and assignees.
    • “Card”
      Means the Barclaycard issued for any of the principle or supplementary Cardholder by virtue of principle cardholder request.
    • “PIN”
      Means card Personal Identification Number received by the cardholder to allow cash withdrawals from ATMs, The Cardholder is responsible to keep secrecy and confidentiality of this PIN, and do not disclose it for any other person, the PIN is considered to be cardholder responsibility from the date of its delivery for the cardholder, without any responsibility on Barclays in this concern.
    • “Telephone Personal Identification (TPIN)”
      Means the number used to verify electronically the identity of the cardholder via telephone, The Cardholder is responsible to keep secrecy and confidentiality of this TPIN, and do not disclose it for any other person, the PIN is considered to be cardholder responsibility from the date of its delivery for the cardholder, without any responsibility on Barclays in this concern.
    • “ATM”
      Means Automated Teller Machines.
    • “Principal Cardholder”
      Means the person to whom the bank has issued the principal card and opened in his/her name the card account; such person shall be legally liable for all amounts due/accrued as a result of using the principal or supplementary card.
    • “Card Account”
      Means an account maintained with the Bank in relation to the card transactions.
    • “Card Transaction”
      Means any payment made or cash advance obtained as a result of using the card, and/or the card number or at any manner authorized by a cardholder or a principal cardholder to debit the card account.
    • “Credit Limit”
      Means the maximum debit balance from time to time permitted on the card account as agreed by the Bank by its absolute discretion and notified to the principal cardholder.
    • “Authorized User (Supplementary Cardholder)”
      Means a person nominated by virtue of condition No. 13 to whom the bank shall issue a supplementary card upon request of the principal cardholder.
    • “Card Holder“”
      Means any of the principal card holder and/or the supplementary cardholder.
    • “Charges & Fees”
      Means any charges or fees specified by virtue of articles 5, 6 and charges annex attached with this Agreement.
    • “Statement Date”
      Means date of the statement referred to in condition 4 or as determined by the Bank pursuant of condition 15.
    • “Pounds”
      Means the Egyptian currency.
    • “Egypt”
      Means Arab Republic of Egypt.
  2. USE OF THE CARD
    1. The Cardholder shall sign his/her verified signature held with the bank at the back of the card immediately upon receipt and the card may only be used:
      • By the Cardholder personally.
      • Subject to the terms and conditions set herein this Agreement and its amendments from time to time at the time of card usage.
      • To obtain facilities and benefits available from time to time by the Bank in respect of Card usage.
      • During validity period stated in the card.
      • Within the authorized Credit Limit, and whether this has been exceeded by the sole discretion of the Bank, the Bank has the sole right and takes into consideration any unsettled amounts or transactions, and any authorizations given in respect of prospective card transaction.
      • The Bank has the right of on its absolute discretion and without prior notification, at any time to stop the right of card usage or to refuse any request for authorization of, any particular card, advances, directly from the Bank or any cash in advance through ATM, within 40% of the credit limit or such as determined by the Bank and notified to the principal cardholder from time to time which shall form part of the credit limit.
    2. All card transactions taking place in currencies other than Egyptian pounds and whether inside or outside Egypt should be converted from that currency in which the card transaction took place to Egyptian Pounds at Bank’s prevailing rate as (at) of the date of such Conversion and shall be debited to card account in Egyptian Pounds.
  3. THE CARD ACCOUNT
    The Bank may deduct the card account with the amount of all card transactions, any other liabilities of the cardholder and any loss incurred by the Bank arising from the usage of the card. The principal cardholder will pay to the Bank all amounts debited to whether or not a sale or cash advance voucher is signed by a cardholder.
  4. MONTHLY STATMENTS, INTEREST, LATE PAYMENT CHARGE, CREDIT LIMIT EXCESS CHARGE
    • The Bank will circularly send a statement showing all credits and debits in respect of the card account to the principal cardholder who should repay the bank at the due dates not less than 5% or 50LE (whichever is higher)of the amount shown in that statement, or any amounts determined from time to time by the Bank. No cardholder shall refer back or make any objections for the Bank concerning any statements if 15 days or more have been elapsed from sending date of the monthly statements.
    • If the principal cardholder repays the whole outstanding balance determined on the statement before close of business on its due dates, no interest shall be charged on the balance (excluding the cash balance), there are no interest free days on cash transactions. If the principal cardholder duly pays the due amount on payments less than the total balance determined in the statement, then the principal cardholder should pay the interest rates, charges and fees which determined in the Bank schedule of charges and any of its amendments from time to time as soon as it announced at the bank or sent for the cardholder, and interest will be calculated as from the date of the transaction on the daily outstanding balance.
    • If the principal cardholder makes payments other than that the whole outstanding balance determined in the statement, such payment shall be applied by deduction as per the following payment hierarchy: debit interest, debit fees, sales draft, cash advance and all other debits in order of maturity of the transactions for the extent available with the payments being applied first against the earliest dated outstanding transaction appearing on the card account.
    • Interest Calculation:
      1. If the existing total statement balance is fully settled with the bank prior to or on the payment due date, no interest will be charged on that balance excluding cash balance.
      2. Interest will be calculated on cash withdrawals from the withdrawal date and until the full payment thereof on the daily outstanding balance.
      3. If the total amount due in the monthly statement is paid in full before the payment date, no interest will be charged on that balance excluding cash balance. If the borrower chooses not to pay the amount due in full, interest will be charged on the total outstanding balance deducting interest on payment dates.
    • Any amount not received in cleared money at the close of business on the due date will be deemed not to have been paid and will not be credited to the card account until the date of the next following statement, notwithstanding that payment may have been affected in cleared money subsequent for such period but prior to the next statement date.
    • The amount of any excess over credit limit, any arrears and any card transaction made in breach of this Agreement will be immediately payable in full whether or not demanded by the Bank.
    • A credit limit excess charge on a daily basis at a rate to be determined by the Bank may be debited to the card account or any portion of its balance in excess of the credit limit in addition to any interest or charges changeable under this agreement.
    • If any amount remains outstanding, cardholder authorizes the Bank to offset such amount from any amounts that cardholder may have in credit in any of accounts held in the Bank.
    • Subject for any limitation imposed by statute, all amounts charged to the card account by virtue of this agreement must be immediately settled for the bank in full if any of the following cases happen: an act of bankruptcy issued against the cardholder, loss of capacity, death of the principal cardholder or at the Bank’s sole discretion upon demand, or if there is any breach of this agreement by a cardholder.
    • If the principal cardholder did not make the payment by the due date, a late payment charge should be calculated as per bank schedule of charges. At the same time, interest on the purchase balance and cash balance shall apply as per the rates mentioned in schedule of charges.
  5. CHARGES
    • The charges payable in respect to usage of the card shall be determined by the Bank and notified for the principal cardholder from time to time. Initially, they will be the figures appearing in this clause.
    • Joining fees, annual subscription, plus additional cardholder charges in respect of each additional authorized user shall be paid upon application for establishment by the principal cardholder of a card account.
    • In addition, after such initial year’s subscription period, the following amounts will be debited to the card account in respect of the services provided for each year or part of a year charged in advance
    • An annual subscription fee after the initial subscription period lapses for each year or part of a year charged in advance in respect of each card issued for use by an authorized user as shown in the bank schedule of charges shall be paid.
  6. LOSS OF CARDS AND LATE PAYMENT
    • The principal cardholder shall be liable for any loss or cost which the Bank determines it has suffered as a result of any breach of this agreement by a cardholder.
    • If the Bank accepts late or partial payment, this does not affect any of the Bank’s rights under the conditions of use or at law even if the payment is described as being full or in partial settlement of any sum due.
  7. WITHDRAWAL OF USE OF THE CARD
    • The Bank may at any time and without notice cancel or suspend the right to use any card entirely or in respect of specific facilities or refuse to re-issue, renew or replace any card, without in any case affecting the cardholder’s obligations under this agreement for transactions made before or after such cancellation or suspension which shall continue in force for transaction made before or after such cancellation or suspension.
    • The card remains the property of the Bank at all times. On request, all or any card issued for use on the card account must be returned immediately to the Bank or any other person acting for the Bank.
  8. TERMINATION
    The principal cardholder may terminate this agreement by sending a written notice for the Bank confirmed with delivery receipt. Such termination shall be effective upon returning all issued cards to be used on the card account (Principle card and any supplementary card) to the Bank, and the full payment of all liabilities of the principal cardholder by virtue of this agreement and ensuring that there are no further amounts due on basic or supplementary card/s.
    Until final termination, the Bank may renew any cards from time to time to be used in accordance with this agreement and the cardholder should be liable to pay renewal fees.
  9. SAFEGUARDING THE CARD AND THE PIN
    The cardholder will exercise all care necessary to ensure the safety of the card and the secrecy of the PIN at all times. The cardholder will not disclose the card number to any third party except in connection with cheque guarantee or encashment usage, for the purpose of a card transaction or when reporting the actual loss or theft of the card. A principal cardholder may not reveal the PIN to anybody, even to an authorized user. A cardholder shall not allow any other person to use the card with or without knowledge of the PIN. A cardholder shall never write the PIN on the card or anything usually kept with it. If the cardholder shall keep a written record of the PIN, he must exercise prudence in disguising it.
    If the card is howsoever lost, stolen or for any other reason liable to misuse or the PIN has been disclosed to anyone other than an authorized user (referred to in this clause as “lost”) inside or outside Egypt, the cardholder must immediately notify the Bank through the telephone number specified in the Bank’s brochure(s) or customer service number “16222”. Such oral notification of loss is to be confirmed in writing to the bank via letter confirmed by delivery receipt or applying this notification in writing to any of the bank branches. If a card is lost and only an oral notification is given to the Bank, the Bank shall only block any transaction on the card until confirmation in writing is received within seven business days from such oral notification.

    Until the Bank receives an effective written notification, the principal cardholder will be liable in respect of any use of the card.

    After the Bank has been effectively notified, the principal cardholder’s liability for any subsequent use of the card other than a cardholder will cease provided that the card has not been used by a person who acquired possession of it with the cardholder’s consent, expressed or implied.

    The cardholder will give the Bank the information in their possession as to the circumstances of the loss, theft or misuse of the card deemed necessary by the Bank to assist the recovery of a missing card. In the event of any such loss, theft, misuse or disclosure being suspected, the Bank may provide the police any information it consider relevant. If a card is reported as lost, stolen or liable to misuse, that card must not subsequently be used but must be cut in half and returned immediately to the Card Centre Manager.
  10. REFUND AND CARDHOLDER CLAIMS
    The card account will only be credited with a refund in respect of a card transaction if only the Bank receives a refund voucher or other refund verification acceptable to it. No claim should be raised by the principal cardholder or any supplementary cardholder against a third party which may be the subject of a defense or counterclaim against the Bank. No rights for the principal cardholder or any supplementary cardholder against the Bank may be assigned or otherwise disposed of.
    The principal cardholder and supplementary cardholder shall not be entitled for interest on any credit balances there may be in the card account.
    No cardholder shall return for cash refund any goods and tickets for service obtained by virtue of usage of the card. Any such refunds must be credited only through the card account.
  11. EXCLUSION OF LIABILITY
    The Bank shall not be responsible by any way, if the card is not honored for usage by a third party.
  12. DIRECT DEBIT
    The Cardholder hereby authorizes the Bank to directly debit his account held with Barclays Bank Egypt with the minimum payment amount or 5% of the outstanding balance or any requested amount 5 days prior of the statement due date and the cardholder approves and accepts to ask the bank for settlement of such amount over the phone.
  13. AUTHORIZED USERS
    The Bank may issue a card to be used by any natural person nominated by the principal cardholder as an Authorized User on the Card Account. Each of them shall be liable jointly and severally for all amounts arising of, or losses incurred for the card account or for Bank in connection of using the card by an authorized user (including any usage in breach of this agreement which the Bank shall be under no responsibility to prevent it). In addition the Bank may cancel any authorized users at any time upon its sole discretion or upon the a written request of the principal cardholder, accordingly the principle cardholder must return such cards to the Bank.
  14. VARIATION OF THIS AGREEMENT
    The Bank has the right at its sole discretion to vary or change terms and conditions of this agreement at any time and inform the cardholder with any changes or variations either in writing or by announcing it at the bank or by any way of announcement, any variations or changes announced in this concern should be effective toward the principle cardholder or supplementary cardholder. The cardholder should be liable to accept and approve it.
  15. BALANCE TRANSFERS
    The Cardholder acknowledges that all Telephonic transfer instructions made by the customer shall be considered correct and binding. The bank shall not liable of any loss or damage that may occur as a result of this transfer.

    The balance transfer facility can be used for settling dues with Banks established and operated in Egypt only.

    The amount of balance transfer has to be within the available credit limit on the Barclaycard.

    The balance transfer is only allowed to a basic card customer who has a credit card account in both banks with the same name and address.

    There are no additional fees for the Balance Transfer facility.

    Incase where there is more than one request for balance transfer for different credit cards issued from different bank, Bank Barclays Egypt reserves the right to determine which, if not all will be settled and in which order.

    Where necessary in order to comply with formal instructions or directives from a competent regulatory authority (whether local , national, regional or international), the Bank (or any of its subsidiaries, affiliates or branches) may terminate this Agreement, refuse to provide services to or effect instructions of the Cardholder, decline to make, receive or transfer payments to the Card Account or any other Bank account belonging to the Cardholder if either the Cardholder or the payee of any amount is an individual, entity or government which is determined or suspected to be (or to be connected to) a sanctioned entity by said competent regulatory authority or if said entity is suspected to be involved in any money laundering practices.

  16. GENERAL
    1. The Bank, also its agents and subcontractors shall not be responsible, if it is unable or not possible to perform obligations set herein this agreement due (directly or indirectly) to failure of any machine, data processing system of transmission link or any reason outside bank’s control. If the Bank is unable to issue or send monthly statement in respect of the card account, the principal cardholder's liability for the late payment charge shall continue for the purpose of calculating such charges, and its due date. The Bank may select a date in each calendar month and consider it as the statement date.
    2. The Bank shall not be responsible, accountable and should not be claimed by any way whatsoever for any loss or damage due to the usage of any ATM, subject to the joint and several responsibility of the cardholders set by condition 13, the principal cardholder agrees to indemnify the Bank against losses, costs, charges and expenses which the Bank may suffer or incurred directly or indirectly due to usage of any ATM or any breach of this agreement by any of cardholders.
    3. The principal or supplementary cardholder shall immediately notify the Card Centre, in writing of any changes in name or current address, otherwise all correspondences is considered to be effective as long as it sent to the last address announced in writing by the cardholder and from its sending date.
    4. Any other facilities or benefits made available for the cardholders and not forming a part of this agreement may be canceled at any time without any reason or prior notice for the cardholder. The Bank is not committed for such facilities and benefits to be continued for an infinite period, cardholder signature on this agreement is considered to be a final and prior approval from him to the bank to change or cancel any of these facilities from time to time.
    5. The cardholder warrants the accuracy of all the information given or written by him set herein this application for opening the card account and any subsequent communications with the Bank in the future.
    6. The cardholder shall not make any payments for any person or entity except the Bank in respect of services obtained by a virtue of using the Card.
    7. All charged interests set by virtue of this agreement shall be charged before and/or after evaluation.
    8. Internet transactions are not always secure. Please ensure that any internet transaction is made through a secure site. The Bank shall not be liable for any case of any damage which may be accrued by the cardholder as a result of transaction made through unsecured internet site. Also the Bank will not be responsible for any misuse of the card as a result of cardholder’s disclose for the card number through the internet or for others. The Bank will not be liable or responsible for misusing or disclosure of the PIN or TPIN for any other person or through the internet after its delivery for the cardholder.
    9. By virtue of this agreement, the Cardholder hereby irrevocably approves and accepts any of the bank products requested by him/her over the phone even it is not confirmed in writing by the cardholder.
  17. DISCLOSURE
    The Bank may waive, assign and/or transfer a part or all of its rights, benefits and obligations set herein this agreement for others at any time. The cardholder agrees to set-off any rights of clearance in respect of sums due for the bank from the cardholder to the card account or by virtue of this agreement.
  18. WAIVERS AND ASSIGNMENT
  19. The cardholder hereby irrevocably agrees and undertakes that Barclays has the sole right to make any investigation and/or exploration about the cardholder, his/her transaction/s and the related parties of such transactions, and permits for Barclays to exchange cardholder’s data or information to CBE (Central Bank Of Egypt) also Barclays mother company or any other related companies or within Barclays Group and Generally any other party or entity required by the bank or in case of taking any legal action against the cardholder.
  20. APPLICABLE LAW AND JURISDICTION
Terms and Conditions for Barclays Premier League Promotion

The Barclays Premier League Credit Card (“Promotion”) is being offered on an ongoing basis starting from April 1st ,2009 (“Promotion Period”) and is intended to provide cardholders of valid Barclays Bank Egypt Premier League Credit Card(s) (“Card members”) an opportunity to participate in a draw (“Draw”) whereby the winner will be entitled to winning the following prizes (“Prize”) from Barclays Bank Egypt.

[The Visa for the trip is not included in the package. The above mentioned package is governed under the terms and conditions set at the discretion of Barclays Bank Egypt and determined hereunder]

(A) The Draw and Prize relating to such promotion, are subject to the following terms and conditions:

  1. Barclays Bank Egypt will conduct the Draw by the following date: 20th of every month following a Quarter (“Draw Date”) (for example, the draw for Apr, May and June 2009 will be conducted by 20th July 2009). Five winners will be announced pursuant to the Draw. Entries to the Draw will comprise of applicants who spend EGP 100/- or more on their Barclays Premier League card. Each EGP 100/- spent on the Barclays Premier League Credit Card will be treated as one entry. Every incremental spend worth EGP 100/- will give an additional entry to the Draw.
  2. A Cardmember will be entitled to five bonus entries into the Draw every time he or she spends EGP 1000/-.
  3. A card member will get 5 bonus entries incase of using the credit card within the first month of initially receiving it and 3 bonus entries in case of using the credit card in the second month of initially receiving it.
  4. Transactions amounting to EGP 100/- or more which are charged to the Barclays Bank Egypt Credit Card from retail and other transactions outside the Egypt (including transactions in which an order is placed from Egypt to a merchant outside Egypt) are eligible for entry to the Draw held in terms of this Promotion. Cash advances will also be eligible for entry to the Draw. Transactions amounts and charges that are later reversed or credited to the Barclays Bank Egypt Credit Card Account will not be eligible. Barclays Bank Egypt assumes no responsibility for lost, late, misdirected, damaged, incomplete, illegible or postage-due mail, transactions that are processed late, incorrectly or lost due to computer or electronic malfunction. Entries become the property of Barclays Bank Egypt on receipt and will not be returned.
  5. Barclays Bank Egypt shall exercise by its sole discretion in deciding the mode of disbursement of the Prize to the winner Card member.
  6. All terms and conditions set for Barclays credit card issuance shall apply on this promotion and issuance of premier league cards.
  7. Barclays Bank Egypt shall not be in breach of its obligations or otherwise liable to conduct the Draw, carry out the Promotion, offer or award any Prize, nor will it be liable to any Card member, on account of a failure or a performance of any of its obligations relating to the Promotion and/or the Draw, which is due to an event of any Force Majeure. In such an instance, Barclays Bank Egypt’s obligation to the Card member(s) under these terms and conditions will be considered cancelled/terminated without necessity for Barclays Bank Egypt to provide further notice to the Card member(s).
  8. Barclays Bank Egypt reserves the right to draw reserve-winners in the Draw, to replace any winner drawn who are subsequently found to be disqualified or who do not claim their Prize on the specified time. The winning Card member may be entitled to the Prize and receipt thereof subject to the condition that he/she shall have given his/her unconditional consent whereby in consideration of giving away the Prize to the winner, Barclays Bank Egypt shall be allowed to use such winner’s information/details/photographs for publicity of the Promotion in such manner as determined by Barclays Bank Egypt. Winner of the Draw will be contacted either in writing or through telephone by Barclays Bank Egypt.

(B) General

  1. Barclays Bank Egypt reserves the right to disqualify any Card member from availing the Prize under the Promotion if, in its sole discretion, if the Card member has violated any of these terms and conditions or has violated terms and conditions applicable to Barclays Bank Egypt Credit Cards. In case of any dispute arising in relation to the Promotion, Barclays Bank Egypt’s decision in connection with the same shall be final and binding. Barclays Bank Egypt reserves the right to terminate the Promotion at any time and without prior notice. In the event of any inconsistency between these terms and conditions and any brochure, marketing or promotional material relating to the Promotion, these terms and conditions shall prevail.
  2. In no event shall Barclays Bank Egypt, any of its affiliates, or any of their officers, directors, employees or agents be liable for any loss, damage or expense arising out of or otherwise related to the Promotion.
  3. Employees of Barclays Bank Egypt and its associate companies are not eligible to participate in the Promotion.

Disclaimer: This promotion is valid only during its validity aforementioned period. The draw and prizes will only be according to the Terms and Conditions set herein this document.

Barclayloan Terms and Conditions

General Terms & Conditions
By virtue of this contract the borrower agrees that the bank has the sole right to decide the loan amount and installment dates, which may contradict with the borrower’s application form.
By virtue of this contract the borrower agrees to settle the loan amount on monthly installments, the due dates of which, will be specified by the bank upon approval on borrower’s request.
The Borrower confirms his/her approval on the terms and conditions mentioned herein which will be confirmed in details through a notification sent from the bank after assessing and approving the loan request. This notice is considered to be an integral part of this contract.

  1. Definitions
    The following definitions shall be applied in this contract and attachments which explain terminologies’ meanings unless otherwise clearly stated:
    1. The Bank: Means Barclays Bank Egypt S.A.E
    2. Borrower: Means The applicant for loan from the Bank (who sign this contact).

    Loan: Means Loan amount granted to the Borrower by the bank.
    1. Starting Date:
    2. Interest Rate:     % (Flat , Decreasing).
    3. Late Payment Fee:     % calculated on the due amount that has not been repaid on time, from the due date till full settlement.
    4. Early Repayment Fee:     %
    5. Administration Fee:     %
    Business Day: Means official Banking Business days in A.R.E commencing from Sunday till Thursday for every week, except official vacations.
  2. Loan Purpose
    The purpose of this loan is to be utilized for personal purposes which should be legal and legitimate.
  3. Loan Amount
    By virtue of this contract and according to its terms and conditions, and according to the borrowers’ request the Bank agrees to grant the Borrower a loan for the amount of EGP ....... (only ......... Egyptian Pound), available for drawdown from the Bank.
  4. Loan Duration & Method of payment
    Loan duration ..... months. The Borrower is obliged to repay the loan amount including interest, commissions and fees through regular monthly installments (including interests, commissions and fees). The value of each installment is EGP....... (only ......... Egyptian Pound) till the full settlement of loan amount, interests, fees and commissions. The first installment is due on ../../.... and so forth till full settlement of the whole loan amount in addition to all interest charges, commissions and fees stated in this contract.

    In the event the Borrower fails to repay, fully or partially, two consecutive installments on their due dates, the remaining installments will fall due and the whole loan amount in addition to interest, charges, commissions, fees or penalties must be payable upon first demand. The Bank may hence proceed with all the appropriate procedures to preserve its rights against the Borrower.

    The Borrower hereby agrees definitely and irrevocably, that the bank has the right to settle from the borrower’s accounts held in with Barclays Bank Egypt and on monthly basis all interests, commissions, charges and fees mentioned in this contract. The Bank has the right to amend annual interest rates at any time in respect of lending and discount rate determined by the Bank’s policy in the future, without any need to send prior consent to the Borrower, Also the Borrower’s account will be debited monthly with all other actual expenses and fees.

    For premier loans customers, the borrower hereby agrees that the bank will ensure his life under the group loan insurance policy against the outstanding loan amount. By virtue of that the borrower authorizes the bank to debit the borrower’s current account for the insurance premiums and to be paid by the bank to the insurance company during the term of the loan.
    If the borrower dies before settling the loan totally or partially, the insurance company will pay the bank the outstanding loan amount, and if the insurance company is unable to pay for reasons related to the insurance policy and/ or the borrower, the bank has the right to claim the outstanding dues from the borrower’s heir/s.
  5. Bank’s right for clearance
    The Borrower is irrevocably obliged to settle all the monthly installments due to the Bank, and accepts that the Bank has the right to automatically offset, by direct clearance, any available balances kept in borrower’s accounts held with Barclays Bank Egypt for repayment of the loan installments, interest, charges and commissions resulting from not repaying one or more installments on their due dates. Any outstanding amount will be charged with the late payment fees mentioned in this contract in addition to any agreed interest calculated from the due date until the full settlement.
    Borrower has agreed that all his/her accounts, securities, commercial papers, and funds kept or deposited now or in future with the Bank, or any of its branches are considered to be pledged in favour of Barclays Bank Egypt as a guarantee for the settlement of the loan amount plus interest, commissions and any fees till the full settlement thereof. Bank is entitled to use any credit balance (s) in said accounts, for the settlement of the loan or any dues if the loan duration ends without any partial or total settlement, or in case of occurring any event of default set herein in this contract.
  6. Bank’s Records
    The Bank’s books, records and accounts are considered to be an evidence against the Borrower regarding the outstanding balance. The borrower acknowledges his/her non-entitlement to dispute its contents, whether at the present or in the future, and for any reason whatsoever.
    Any debit balance confirmation signed by the Borrower is not contested regarding its contents or disputed by the Borrower in future for any reason whatsoever.
  7. Bank statements
    Account statements sent by the Bank to the Borrower are deemed accurate and evidence against the Borrower as per their contents as long as they are sent to the borrower and have not been contested within one week from the sending date. The borrower agrees that the Bank has the right to exchange his/her data or any data in connection of this contract to the official authorities, governmental entities, the Central Bank of Egypt, the mother company or Barclays Group in good faith.
  8. Salary Transfer (Applies only to Scheme Loans)
    It is agreed that the Borrower will transfer his/her salary and all his/her dues in the case of retirement and/or resignation from his/her current employer to his/her account held with the bank. The Bank has the right to automatically deduct the available balance kept in said account to apply it towards the repayment of the installments, interest and charges due. The outstanding balance resulting from non repaying one or more installments will be charged with the late payment fees set herein in this contract, in addition to the agreed interest calculated from the due date till the full settlement.
  9. Events Of defaults
    It is agreed that the loan amount shall become due and payable wholly including interest, commissions and any other charges without the need of any notification or pursuing legal procedures, if any of the following events cases occurred:
    • Failure to pay any installment partially or totally on the due dates.
    • Failure to pay interest, commissions, life assurance (if required), charges due on the loan or any other charges thereon, on the due dates.
    • If the Borrower fails to pay taxes or any claims due to any Governmental authorities, or become in delay with such payments, or a conservatory or executor attachment or garnishment served against the borrower.
    • If any of the submitted data from the Borrower to the Bank, relating to the loan subject matter of this contract and/or its performance, appears to be inaccurate or fraud, whether before or after granting the loan and/or during its validity period.
    • If the Borrower breaches any of the this contract's clauses, or any of the approval conditions for granting the loan, or of any of his/her obligation(s) to fulfill and perform any of these conditions.
    • If the Borrower becomes bankrupt, insolvent, or a legal action served against him/her, or in case of losing qualification, death (may God forbid), being placed under sequestration or his/her property is placed under reservation for any reason whatsoever.
    • If the Borrower had been granted loans or any credit facilities from any other bank for the same purpose of this loan, without obtaining prior written approval from the Bank.
    • If the Borrower appears to be unable to fulfill his financial obligations to other Banks or any financial institutions, thus causing such Banks to file complaints against the borrower with any competent Judicial or Administrative entities.
  10. Bank’s right for assignment of rights
    The Bank has the right to transfer/assign all or some of any rights arising from this contract to any third party without any objection from the Borrower who acknowledges beforehand his/her acceptance of such transfer or assignment of rights
  11. Correspondences
    The Borrower acknowledges that any claim, advice, notice, warnings, and correspondences sent to the borrower from the Bank addressed to his/her address indicated in this contract, or sent to the latest address notified by him/her to the Bank in writing, considered to be effective against himself/herself and productive of all its legal effects, from the sending date either by registered mail confirmed with delivery receipt or express mail.
  12. Applicable Laws & Jurisdiction
    This Contract is governed by laws of Arab Republic of Egypt. If failing in amicable solution, parties agreed that all disputes that may arise between them in connection with and/or explanation of and/or performance or execution of this contract or any of its annexes will be referred to the Egyptian Courts.
  13. Contract Counterparts
    This contract is written from one original copy in Arabic and English languages, and kept with the bank after being signed by the borrower. Parties agree in advance prior agreed that the Arabic text should prevail if there is any difference in references or explanations.
  14. Undertaking & Declaration
    I, the undersigned below declare and undertake that I have read, understood, and agree on all terms and conditions set herein. I also undertake to provide the bank with all the required documents, and the Information given by me is correct and I declare using the loan given to me and installing it from legal channels abiding by the law of the Central Bank of Egypt.
Auto Terms and Conditions

Terms and Conditions
Whereas the Borrower has submitted an application dd/mm/yyyy to The Bank to obtain Car Financing Loan by the amount of EGP(Only ....... Egyptian Pounds) to be utilized for the purpose of purchasing a vehicle from a Car Dealer approved by The Bank (referred to herein as “Car Dealer”).
Whereas, The Bank has agreed to grant the Borrower the said loan amount according to and under terms, conditions and against guarantees indicated in this contract also to the signed application dd/mm/yyyy by parties after declaration and acknowledged their respective qualification to enter this contract, and agreed as follows:

Article one
Loan Amount
According to this contract and to its terms and conditions. The Bank has agreed to grant Borrower Car Financing Loan by the amount of EGP (Only ....... Egyptian Pounds) to be utilized for the purpose of purchasing new vehicle from Car Dealer, to be credited to Car Dealer’s account directly, subject to a minimum deposit ....% of the vehicle value paid by the Borrower to the Car Dealer directly, The minimum deposit shall not be included in the loan amount.

Article Two

Will we charge Irate interest or Irate fees only?

Article Three Loan Purpose
Purpose of this loan to be utilized for car financing of purchasing new vehicle from the Car Dealer. Its not permitted to use loan amount unless for this purpose.

Article Four
Prepayment
The Borrower shall be obliged to repay the loan amount with interest, commissions and fees on regular monthly installments (including interests, commissions and fees), the value of each installment EGP (Only ....... Egyptian Pounds) till the full settlement of loan amount, interests & fees. the first installment due on dd/mm/yyyy so forth till settlement of loan amount, in addition to interest charges, commission and fees, In the event of non-repayment by the Borrower of any installment on respective due date fully of partially the remaining installments will fall due and the whole loan in addition to interest charge, commissions and fees will be payable upon demand, The Bank may hence carry out all appropriate procedures to preserve BBE rights against the Borrower, and the bank have the right to repossess the vehicle.

Article Five
The Borrower hereby agreed to definitely and irrevocably now and in future, that the bank has the right to settle from Borrower’s accounts in Barclays all interest, commissions, charges and fees mentioned in Article 3 of this contract. and to deduct insurance premium payments of insurance policy pertaining to this loan.
It is understood that The Bank may at any time amend annual interest rate in the light of lending and discount rate determined by the Bank’s policy in future without need to prior consent from the Borrower, and that account will be debited monthly with all other actual expenses and fees.

Article six
The Borrower shall be irrevocably obliged to settle monthly installments due to The Bank and the Borrower approve to the Bank the right to automatically offset the available balances in his/her account for repayment of loan installments, interest charges and commissions due to The Bank by clearance of direct deduction between available balances kept in Borrower’s accounts and any dues of the loan amount plus interest charges, commissions and fees, the balance that is overdrawn resulting from not repaying one or more installments will be charged with delay interest mentioned in Article 3 in addition to the agreed interest starting from the due date and until full settlement.

Article Seven
It had been agreed between parties that the application from signed by the Borrower on is considered to be an integral part of and completing this contract, both parties are committed to oblige and execute all of its terms and conditions. The Borrower shall provide The Bank without delay all information and documents requested by The Bank.

Article Eight
The Borrower shall not sell - dispose - transfer ownership of pledge - mortgage - license renewal or make any acts in relation with the financed car without requesting or obtaining prior written approval from The Bank. The Borrower agrees that a restriction over the license of the purchased car is placed in favor of the Bank of its assignee (including Car Dealer), as a security for full payment of the total loan amount and any other dues hereunder.

Article Nine
It was agreed upon parties that the loan amount shall become due and payable wholly together plus interest as well as the commissions, expenses, fees and any other charges without notice of any other legal procedures. in any of the following cases happened and the Bank has right to repossess the vehicle in case of any default:

Article Ten
The Bank only shall has the right to transfer all or some of its rights arising from this loan to a third party without prior contest to the Borrower who acknowledges beforehand his acceptance of such transfer, and admits that the debt to the Bank is indivisible.
It is agreed between the Parties that no failure to exercise and no delay in exercising on the part of the Bank or its successors any right power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise of any other right, power or privilege.

Article Eleven
The Borrower had agreed that all his accounts opened in their name at present of which may be opened in future with the Bank or any of its Branches shall be deemed as guaranteeing the loan amount. while the Bank or any of its branches shall be entitled to use the credit balance of any of such accounts, and to apply same in the settlement of the loan subject matter of this contract. including interest, commissions, and expenses, in case of falling due to the expiry of its duration of for any other reason of those indicated in this contract.

Article Twelve
The Borrower has agreed that all of securities, commercial papers. and funds deposited now or to be deposited in future with the Bank, or any of its branches shall be considered pledged in favor of the Bank as guaranty for the settlement of the loan plus interest. commissions and expenses until the full settlement thereof.

Article Thirteen
Bank’s registers, records and accounts shall considered as an evidence against the Borrower who acknowledges that he/she shall not except for manifest error, dispute what is recorded therein whether at present or in future and for any reason whatsoever The bank and its employees or officers shall in no case be liable civil or criminal towards the Borrower for execution of this contract except for gross negligence and misconduct.

Article Fourteen
The statements of account and other statements sent by the Bank to the Borrower shall be deemed accurate and evidence against the Borrower as regards their contents as long as not contested the Borrower within one week from the date of receiving these statements. The Bank have the right to exchange the information related the account subject matter of this contract with other banks and or official entities such as Government and Central Bank of Egypt or any other party, and the signature on this Contract shall be an authorization from the borrower in this concern.
In addition, the Borrower agrees and gives the Bank full authority to disclose information related to this contract and any rights and obligations related to this contract herein to Bank’s singular and universal successors and or any third party nominated by the Bank including Car Dealer for the implementation of this contract.

Article Fifteen
Any confirmation or endorsement signed by the Borrower as to the debit balance shall not be contested against or the contents thereof disputed by him/her in future for any reason whatsoever.

Article Sixteen
The Borrower acknowledges that any claim advice, notice or note of any correspondence addressed by the Bank to him/her at the address indicated in this contract or at the latest address notified by him/her to the Bank in writing, shall be considered effective against the borrower and productive of all legal effects thereof as from the date of their despatch through registered or recommended mail, or the express mail.

Article Seventeen
If Failing in amicable solution, all disputes arising between Parties on the construction and or the performance and for execution of this Contract of any of its annexes will be referred to the Egyptian Courts by its degrees. which will settle the dispute in accordance with The Egyptian Law.

Article Eighteen
This contract is drawn up in one original copy in arabic and english and retained by the bank. In the event of any conflict between the arabic and the english versions, the arabic version shall prevail.

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