Mortgage Finance Initiatives
The bank's mortgage financing initiatives offer mortgage programs for individuals, including facilities for purchasing real estate. These initiatives aim to support homeownership and improve the quality of life for families. Below are the details of the terms and benefits for each financing program.
We provide flexible mortgage financing solutions with supported interest rates and repayment periods of up to 30 years. You can benefit from the mortgage financing initiatives in collaboration with the Social Housing Fund, based on facilitated terms. The application process is simple and fast, with full support from our specialized team at every step.
Choose from a wide range of residential properties that suit your needs and budget. With the bank, owning your dream home is now closer and easier than ever before.
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 |
Terms and conditions shall apply.
8% 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 8% |
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 |
Terms and conditions shall apply.
12% 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 12% |
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 25 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 |
Terms and conditions shall apply.
