Al Baraka Bank of Egypt S.A.E Financing units and villas

Minimum Salary needed 3000 L.E
Maximum amount available Finance must not exceed 75% of properties price
Length of Loan 7 years
Profit Rate Not mentioned
Upfront Fees ( if any ) Not mentioned
Eligibility Age ranging from 21 to 65 by the end of finance or retirement age; Monthly installment must not exceed 40% of the gross income
Main Features Early retired clients ; Employees of government, private sectors and insurance companies, Egyptians working abroad; Clients who have additional income (other than salaries); Professionals as (Doctors, Engineers…. Etc); Finance can be without salary/ installment transfer; Finances offer of goods; Bank gives a reward for early repayment; Property must be complete with utilities; Triple contract to be signed by the owner, customer, and the bank; To sign an agency contract for the selling and the mortgage in favor of the bank;