Get your Questions Answered

Asset-backed financing is a type of loan where a borrower uses their assets, like a car or home, as collateral to secure funding. This approach allows lenders to offer favorable terms, as the loan is backed by the value of a physical asset. It’s often a great option for individuals and businesses that need funding but want to avoid high-interest rates typically associated with unsecured loans.

In the MNZL app, asset-backed financing enables users to leverage their valuable assets to access the capital they need. When users apply for a loan, they can provide details about their assets, which will be reviewed to determine the loan amount and terms based on the asset’s value and type.

Why Choose Asset-Backed Financing?

Asset-backed financing provides a range of benefits, such as:

• Lower Interest Rates: Since the loan is secured by an asset, interest rates are generally lower than unsecured loans.
• Increased Loan Limits: Using a high-value asset as collateral can lead to higher loan amounts, providing borrowers with more flexibility.
• Accessible for Various Credit Scores: This financing can be accessible even for those with lower credit scores, as lenders consider the asset value in addition to credit history.

With MNZL’s asset-backed financing, borrowers can confidently leverage their assets, whether for personal needs or investments, knowing they’re accessing an affordable and structured loan solution.

MNZL finances against residential property in Egypt. Add the property in the app and you'll see an estimate of what it qualifies for before you commit to anything.

Eligible properties

• Apartments, villas, townhouses and chalets in residential compounds.
• The unit must be delivered. Units with a delivery date in the future don't qualify yet.
• You hold a contract or title that proves ownership. If the property isn't registered with the notary, MNZL can register it as part of the process.
• Properties outside compounds and agricultural land don't qualify today.

Still paying installments on it?

If you bought from a partner developer and are still paying installments, you can apply through MNZL Flex. MNZL settles your remaining developer installments as part of the financing, so you make one payment to MNZL instead of two — and you don't need to upload property documents, because your developer already holds them.

Cars

MNZL offers auto loans to buy a new or used car. Financing against a car you already own outright is not available at the moment.

The amount depends on two things: what your property is worth and what your income can carry. The app shows both before you apply, and the estimator on the Unlock page uses the same rules.

Unlock (financing against your property)

• Up to 80% of the property's current market value.
• From EGP 500,000 up to EGP 60 million.
• Repaid over up to 10 years.
• Your monthly payment is capped at a share of your household income, so a higher income or a longer term raises the amount.

Auto Finance

• From EGP 250,000 up to EGP 7.5 million.
• Repaid over up to 7 years.

The final amount is confirmed after the property valuation and the review of your documents.

No, you retain ownership of your asset. A sale prohibition is placed on the asset as security for the loan. This means the asset cannot be sold or transferred while the loan is active. Once you complete your repayments, the sale prohibition is removed, and your asset is fully unrestricted.

Steps to Apply and Receive Funds

1. Place your request through our App:
   Use the app to add your asset and request a withdrawal. A team member will then contact you to assist with the next steps.

2. Asset evaluation:
   A meeting will be scheduled to evaluate your asset. Based on the evaluation, your credit limit will be determined and approved.

3. Contract & security setup:
   A sale prohibition is placed on your asset as collateral. You’ll then sign the contract to finalize the agreement.

4. Receive funds:
   Once the process is complete, the funds will be promptly transferred to your bank account.

Once your application is reviewed and approved, our team will contact you to inform you of the expected timeframe. Typically, funds are transferred to your bank account the following day after the approval process is completed.

Yes, your data privacy and security are top priorities for us. We use industry-standard encryption to protect your personal and asset information within the app. Additionally:

• Your data is stored securely and accessed only for processing your financing requests.
• We do not report any asset details to tax authorities or government institutions, ensuring your confidentiality.

Pay Less is for a home you're still paying for. MNZL settles what you still owe the developer and spreads that balance over a longer term, up to 10 years, so your monthly payment drops, and it becomes one payment to MNZL instead of one to the developer.

Your unit, your contract and your ownership stay as they are. MNZL registers a sales prohibition on the unit with your developer as security, for the life of the financing, and lifts it once you've repaid.

Pay Less is launching first in partner compounds.

If that's you, download the MNZL app and sign up with the mobile number your developer has on file; it must be registered in your name. With your consent, MNZL checks your contract and payment history with the developer, and your unit appears in the app if it's covered.

Not in one of them yet? Sign up in the app all the same, and we'll tell you the moment Pay Less reaches your compound.

By giving the balance more time. Your remaining developer installments usually run for the few years left on your contract; MNZL settles them and spreads the same balance over a term you choose, up to 10 years. More months means a smaller amount each month.

In the app you pick the term and see the new monthly payment side by side with what you pay today, before you decide anything. Your rate is variable, tracks changes in the Central Bank of Egypt's lending rates, and is shown with the offer.

No. Your developer already holds your contract, and with your consent MNZL verifies your unit, delivery status and payment history directly with them.

You verify your identity in the app with your national ID, and MNZL may ask for proof of income during the review. That's it.

Who you pay. MNZL settles your remaining installments with the developer in one go, and from then on your monthly payment goes to MNZL.

Everything else stays as it is: your unit, your contract and your ownership are unchanged, and your developer remains your contact for anything about the unit itself, from maintenance to changes to the contract. MNZL registers a sales prohibition on the unit with the developer as security, and lifts it once you've repaid.

Yes. In partner compounds, Pay Less and Unlock run on the same financing, MNZL Flex. MNZL settles what you still owe the developer, and anything left within your financing limit can be paid out to you.

The app shows your unit's value today, what you've paid and the equity available to you, and you choose how much of it, if any, to take as cash. Either way it's one monthly payment to MNZL.

A new or used car, bought from a dealer or from a private seller.

• From EGP 250,000 up to EGP 7.5 million.
• Repaid over up to 7 years.
• At a fixed rate for the whole term.

The whole application happens in the MNZL app, from the car's details to e-signing the contract. MNZL pays the seller directly.

Four steps, all in the app:

1. Tell us about the car: make, model, year and price, with or without a dealer.
2. See your offer: enter your income and upload a bank statement, and the app shows the monthly payment.
3. Inspection and approval: a certified mechanic checks the car, MNZL confirms its value and approves the loan.
4. Sign and drive: e-sign the contract in the app. MNZL pays the seller and registers the lien on the car.

Yes to both. The car can be new or used, and the seller can be a dealer or a private individual.

For a used car, a certified mechanic inspects it before approval, and the financing is based on the value MNZL confirms. Once you've signed, MNZL pays the seller directly, so a private sale is settled the same way as one through a dealer.

Nothing to apply, and nothing to see your offer.

If you go ahead, the rate is fixed for the whole term, so your monthly payment doesn't change. Any fee is shown in the app before you accept, and the monthly payment you see with your offer is the one you'll pay.

You do. The car is registered in your name, and you drive it as your own from day one.

MNZL registers a lien on the car as security for the loan, which means it can't be sold or transferred while the loan runs. Once you've repaid, MNZL lifts the lien.

Not at the moment. MNZL's auto loans are for buying a car, new or used; financing against a car you already own outright isn't available today.

If you own a property, Unlock offers financing against it without selling it: up to 80% of its value, over up to 10 years.