Mortgage Finance Initiatives
Social Housing
|
Unit Amount |
Financing Period |
Study Duration |
Interest Rate |
|---|---|---|---|
|
Determined by the Social Housing and Mortgage Finance Fund |
Up to 30 years | Two weeks from the date of submitting the final documents | Subsidized interest rate starting from 3% |
Product:
Own your home through an initiative that provides affordable housing for everyone. This financing program is offered under the Central Bank of Egypt’s initiative for middle-income individuals, in partnership with the Egyptian Social Housing and Mortgage Finance Fund. Our bank offers low interest rates over an extended period of up to 30 years, in accordance with the Social Housing announcements.
Targeted Customer:
All clients, employees, freelancers, and business owners who meet the conditions of the initiative
Key Features:
|
Flexible Installments |
Down Payment |
Insurance |
|---|---|---|
|
Possibility of applying increasing installments |
Starts from 15% of the unit price | Free life and unit fire risk insurance |
Required Documents:
- National ID Number
- Income Breakdown
- Insurance Printout
- Utility Bill
Eligibility:
|
Nationality |
Age |
Income |
|---|---|---|
|
Egyptian |
Minimum 21 years old | Determined according to the announcement of the Social Housing and Mortgage Finance Fund |
3% Mortgage Finance Initiative for Middle-Income
|
Unit Amount |
Financing Period |
Study Duration |
Interest Rate |
|---|---|---|---|
|
Up to EGP 1.4 million |
Up to 30 years | Two weeks from the date of submitting the final documents | Subsidized interest rate starting from 3% |
Product:
Own your home through an initiative that provides affordable housing for everyone. This financing program is offered under the Central Bank of Egypt’s initiative, in partnership with the Egyptian Social Housing and Mortgage Finance Fund, by submitting valid unit documents eligible for mortgage finance according to the initiative’s conditions. Our bank offers low interest rates over an extended period of up to 30 years.
Targeted Customer:
All clients, employees, freelancers, and business owners who meet the conditions of the initiative and the product requirements.
Key Features:
|
Flexible Installments |
Down Payment |
Insurance |
|---|---|---|
|
Possibility of applying increasing installments |
Starts from 15% of the unit price | Free life and unit fire risk insurance |
Required Documents:
- National ID Number
- Income Breakdown
- Insurance Printout
- Utility Bill
- Unit documents
Eligibility:
|
Nationality |
Age |
Income |
|---|---|---|
|
Egyptian |
Minimum 21 years old | Maximum family income: EGP 18,000 |
8% Mortgage Finance Initiative for Middle-Income
|
Unit Amount |
Financing Period |
Study Duration |
Interest Rate |
|---|---|---|---|
|
Up to EGP 2.5 million |
Up to 25 years | Two weeks from the date of submitting the final documents | Subsidized interest rate starting from 8% |
Product:
your home through an initiative that provides affordable housing for everyone. This financing program is offered under the Central Bank of Egypt’s initiative, in partnership with the Egyptian Social Housing and Mortgage Finance Fund, by submitting valid unit documents eligible for mortgage finance according to the initiative’s conditions. Our bank offers low interest rates over an extended period of up to 30 years.
Targeted Customer:
All clients, employees, freelancers, and business owners who meet the conditions of the initiative and the product requirements.
Key Features:
|
Flexible Installments |
Down Payment |
Insurance |
|---|---|---|
|
Possibility of applying increasing installments |
Starts from 20% of the unit price | Free life and unit fire risk insurance |
Required Documents:
- National ID Number
- Income Breakdown
- Insurance Printout
- Utility Bill
- Unit documents
Eligibility:
|
Nationality |
Age |
Income |
|---|---|---|
|
Egyptian |
Minimum 21 years old | Maximum family income: EGP 50,000 |
