National Bank of Egypt Mortgage Loan - Financing of Property Erection and Finishing (Residential /Commercial & Administrative Units)

Minimum Salary needed Mortgage Loan - Financing of Property Erection and Finishing (Residential /Commercial & Administrative Units)
Maximum amount available Not mentioned
Length of Loan Not mentioned
Profit Rate 15 years
Upfront Fees ( if any ) Not mentioned
Eligibility Not mentioned
Main Features The percentage of finance can reach up to 70% of the estimated value of the required work to be performed for the desired unit to be built or finished; Monthly installments must not exceed 40% of the net monthly income; Applicant's age must not be less than 21 years old and not exceeding 65 years old for self-employed applicants and 60 years old for employed at the end of the financed tenor; Documents of the unit to be financed are subject to the approval of AMF's Legal Department
  Financing procedures are simple and are completed within a short turnaround time; The value of the unit to be financed shall be appraised through AMF by a certified appraiser registered at the Egyptian Financial Supervisory Authority; Variety of payment methods; Finance is offered exclusively for properties within the Arab Republic of Egypt