Countless payment options from banks and companies have become available for buyers through the mortgage financing system. Invest-Gate presents plans offered by a number of mortgage companies to guide newly-weds through when starting a family. You can a find other plans offered by banks here.
Tamweel Mortgage Finance
• Up to 80% of any unit value
Up to 15 years repayment plan for employed/self-employed
• Up to 10 years repayment plan for Egyptians expats and
foreigners
• Installments up to 40% of monthly income (with a possible 7% increase annually)
• Repayment is either quarterly, semi annually or annually, which is beneficial to clients in decreasing the mortgage finance period and interest.
Low Income Housing
• Mortgage loans tailored according to needs
• Up to 90% of the property value
• Up to 15 years repayment plan for employed/self-employed
• Installment starts at EGP 160 for the single and married clients
• Up to 25% of monthly income for low income housing (with a possible 7% increase annually)
• Repayment is either quarterly, semi annually or annually, which is beneficial to clients in decreasing the mortgage finance period and interest
Egyptian Housing Finance
• Up to 80% of unit value
• Up to 15 years repayment plan
• Up to EGP 10 mn finance loan
• Interest rate: 17% (EGP 10,000/month, unit value EGP 2 mn)
• Up to 10 years repayment period
• Life & unit insurance throughout the loan duration
• Applicable to registered units, eligible ones for registration, new urban communities/ cities located in: Greater Cairo, such as (New Cairo City /6th of October City), and all over governorates in Egypt including Ain Sokhna, North Coast
SAKAN FINANCE
Sakan Flex Finance:
-Up to 18 years repayment period
-Up to 80% unit value
-Loan starts at EGP 3 mn
Sakan 1-2-3:
-Up to 80% unit value
-Up to 10 years repayment period
-Loan starts at EGP 3 mn
– 10% interest rate increase after your first 12 installments, 20% interest rate increase for the next 24 installments 20% interest rate increase for the following 24 installments thereafter
Sakan Smart Finance:
-Up to 75% unit value
-Up to 10 years repayment period
-Loan starts at amount EGP 3 mn
-Monthly installments decrease year after year, with an end of year bullet payment
Sakan Home Trust Finance:
-Up to 70% loan to value
-Up to 10 years repayment period
-Up to EGP 2,500,000 loan
-10 years repayment period
– Pay 50% as a single payment at the beginning, 12% less on your monthly installment when loan matures so you save more as you go along
Sakan Home Finishing Finance:
-Up to 75% loan to value
-15 years repayment period
-Up to EGP 1,500,000 loan
