Housing Finance CBE Initiative 8% For Middle Income Clients
Your new home ... the easy way
Housing Finance CBE Initiative 8%
Your new home ... the easy way
Your new home … The easy way
In line with the Central Bank of Egypt’s Initiative. We offer you the housing finance program; it comes in easy steps to start a new life in a new home, free from any complications.
Program Features:
- Subsidized Interest Rate: 8%
- Loan Duration: Up to 20 years
- Loan Ratio: Financing up to 80% of the unit value with maximum amount of EGP 2M
- Net Monthly Income of unmarried person: Up to EGP 40,000
- Net Monthly Income of married person (Husband and wife): Up to EGP 50,000
- Age: Minimum age of 21 years old, and maximum age of 60 years old for employed customers, and 65 years old for self-employed customers at loan maturity
- Monthly Instalment: Up to 40% of your net monthly income
Program Benefits:
- Subsidized Interest rate
- Possibility to include additional income sources
- Possibility of co-borrowing with your spouse to increase the loan amount
- Free life & property insurance
- Evaluating the unit to assess its selling price
- Fastest process
Unit Specifications:
- Unit selling price: EGP 2.5M
- Renovation status Fully finished
- Unit type: Residential only (Touristic or Seasonal are not included)
Eligible Customers:
- Employed
- Salary transferred to Crédit Agricole Egypt
- Salary transferred to another bank
- Employed with cash payment (no salary transferred to a bank)
- Business Owners
- Professionals (Doctor, Pharmacist, …etc)
For the required documents for Income and Unit click here
Ask about the approved projects for easier and faster process.
Terms & Conditions apply
