real estate finance| 27 banks and financing destinations offer the initiative loan

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10:00 am

Wednesday 23 June 2021

Books – Mohamed Abdel Nasser:

Those wishing to obtain an apartment with the real estate finance system are wondering about the financing agencies that provide the mortgage loan, according to the initiatives of the Central Bank.. What is the real estate finance initiative currently in force, while waiting for the presidential initiative with an interest rate of 3%?

President Abdel-Fattah El-Sisi directed the Central Bank last March to develop a new initiative for real estate financing, which aims to provide housing units for low- and middle-income people in installments over 30 years at an interest rate of 3%. It is expected that the Central Bank will announce the final details of this initiative in the coming days.

The real estate finance initiative currently in force benefits 7% for low-income and 8% for middle-income, with payment systems of up to 20 years only, and the initiative was launched at the end of 2019, and the new initiative for real estate finance, which is expected to be launched in the coming days, targets low and middle-income, with an installment period of up to up to 30 years, at only 3% interest.

According to the Social Housing Fund website, the list includes many banks and companies that participated in the old initiative, and it is expected that it will be increased in the coming period, which came as follows:

1- Al-Ahly Bank

2- Commercial International Bank

3- Arab African International Bank

4- Egyptian Arab Land Bank البنك

5- Egyptian Gulf Bank

6- The Egyptian Real Estate Finance Company

7- Union National Bank

8- Arab Investment Bank

9- Housing and Development Bank

10- Industrial Development Bank

11- The Bank of the Arab Banking Company

12- Cairo Bank

13- Qatar National Bank Al Ahli

14- National Bank of Kuwait

15- The United Bank Bank

16- Blom Bank

17- Faisal Islamic Bank of Egypt

18- Credit Agricole Bank

19- Banque Misr

20- Nasser Social Bank

21- Ahli United Company شركة

22- Al-Ahly Real Estate Finance Company

23- Amlak Real Estate Finance Company

24- Tamweel Real Estate Finance Company

25- Contact Real Estate Finance Company

26- Al-Tameer Real Estate Finance Company (Al-Awwal)

27- Arab African International Real Estate Finance Company

Read also:

– Real Estate Finance| How do you get an apartment with 3% interest if your salary is less than 3000 pounds?

– Real Estate Finance| How do you calculate the price of an apartment less than a million pounds in installments and details?

– Real Estate Finance| How did the interest rate of 3% affect the installments of apartments for all Egyptians?

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