Individual mortgages against savings (certificates of deposit, deposits, or savings accounts)

 

Specifications:

  • The longest repayment period, with installments for up to 15 years
  • The rate of financing is up to 100% of the value of housing unit, taking into consideration the loaning rate of each pot and not exceeding 90% of the recoverable value of the savings
  • Competitive interest rate
  • The highest loan value, at up to EGP 5 million

 

Documents required from client:

  • Copy of a valid national ID card (or valid passport for foreigners)
  • Loan application

 

Documents required for the residential unit to be purchased:

  • In the event that the unit is registered or eligible for registration:
    • Registered deed title, free of in-kind dues owed to third parties
  • In the event that the unit is ineligible for registration:
    • A preliminary sale contract between the client and the owner of the residential unit, as well as the seller's deed title