How do you calculate the interest on my margin loan?
There are two methods:
- First Method: an annual interest rate of 4% above the official lending and discount rate announced by the Central Bank of Egypt. Interest is calculated daily and charged monthly on the used portion of the loan.
- Second Method: A rate of 1.65% of the highest amount of loan used and calculated at the end of each month.
Note: If you do not use your margin lending facility, Arabeya online will not deduct any interest. The same applies if a client uses the facility for same day trading.
i.e. interest will not be deducted.