Credit Cards Installment Programs

​​​​​​​​​​​​ABCE installment programs (Easy payment plan “EPP”) allows ABCE credit cardholders to pay back any transaction on fixed equal monthly installments.

1. ​​​EPP (non-interest bearing / non-processing fee model)​

• Installment tenors starts from 3 to 12 months (3, 6, 9, 12 Months)
• Max. Cap is set per card type from the card credit limit
  • 10% of Infinite card limit, maximum of EGP 50,000
  • 10% of Signature card limit, maximum EGP 30,000
  • 10% of Platinum card limit, maximum EGP 15,000​
  • 15% of Gold card limit, maximum EGP 3,000
  • 20% of Classic card limit, maximum EGP 1,000

2. ​​​​​EPP (processing fee model)

• Installment tenors starts from 3 to 24 months (3, 6, 9, 12, 18, 24 Months).
• Cap for the service is set at credit card limit for purchase transactions and available cash limit for cash transactions.
• ​The processing fee is determined according to the selected tenor
  

  ​Transaction type Tenor in months	​3m	6m	9​m	12m​	18​m	24​m
  ​Purchase processing fee	​6%	10%​	15%​	17%​	23%​	27%​
  Cash processing fee	8%	12%	18%	20%	25%	30%

  ​​
  
• The calculated processing fee is due on the next month of enrolment. Ex. If the customer applied for the EPP (with-processing fee model) in March where statement is issued on 3rd of April, the first installment & the calculated​ processing fees will be due on 26th of April.
• Cardholder has the right to request EPP early settlement with no refund of the collected processing fees.

• This service is only available for transactions made as of the 4th day until the last working day of each month
• It is available for ABCE credit cardholders by calling ABCE hotline: 19123, after making the transaction in Egypt or abroad
• The cardholder can request within the same month of performing the transaction 
• Transactions that are done between the 1st and 3rd day of each month cannot be converted into installments
• The service is available on: 
  • Retail transactions only when applying for the 0% processing fee model
  • Retail and cash transactions when applying for the processing fee model
  • ​Domestic and international transactions
• The transaction amount may not be less than EGP 1000 for retail transactions and EGP 2000 for cash transactions
• There is no maximum number of transactions that can be converted into installments when applying for the processing fee model.
• All credit cards including supplementary cards are eligible to this service.
• The transaction amount requested to be paid in installments must be posted on the credit card and not on hold.
• Statement minimum due amount is calculated as interest-free EPP instalment amount + 5% of total unenrolled balance.
• EPP is available only on total transaction amount and transaction cannot be partially converted. Each converted transaction is treated as a whole and cannot be converted into different EPP plans.
• For transactions in foreign currency, the installment and commission are calculated as per the EGP equivalent of the transaction original amount.
• In case of cash transaction enrolment, the cash advance fee and any cash interest accrued until EPP enrolment date will be charged normally.
• The first instalment is due on the next month of enrolment. Ex. If the customer applied for the EPP (non-processing fee model) during March and statement is issued on 3rd of April, the first instalment will be due on 26th of April.
  
• The cancelation or early settlement fee for EPP is 5​% of the remaining EPP transaction amount.