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Individual mortgages

Employed persons, freelancers, owners of commercial, industrial, or service activities

Specifications:

  • The largest loan value, at up to EGP 5 million
  • The longest repayment period, at up to 240 months
  • Competitive interest rates
  • Lowest administrative fees (collected upon disbursal of the loan)
  • Borrowers are required to provide a monthly income statement, a copy of the personal ID card, and a utilities bill

 

Benefits:

  1. Free life insurance (in the unfortunate case of death, the bank does not request any pending dues)
  2. Possibility of granting the loan to the spouse (In the case of the spouse's work)
  3. Possibility of taking out the loan against another real estate unit as collateral (provided that it is registered in the Real Estate Registry)
  4. Clients are exempt from the fees for opening an account, as well as the stamp tax and credit query expenses

Financing programs

Individual Mortgage for Clients on Payroll

Product Features:

  • Financing rate at up to 80% of the value of the housing unit
  • The loan term is up to 20  years
  • Life and total disability insurance policy
  • Low administrative expenses

 

General Loan Conditions:

  • Monthly income is no less than EGP 3,000
  • Maximum monthly premium does not exceed 40% of monthly income
  • Maximum age upon loan maturation is 65 years for all clients, provided that the end date of the loan does not exceed the date of termination of service

 

Required Documents

Housing unit documents:

  • In the event that the housing unit is registered:
    • Registered deed title, free of any in-kind dues owed to third parties
    • Building license or permit
    • A certificate from the Real Estate Tax Authority declaring that the property is assigned in the owner’s name and that the real estate taxes on the residential unit are paid in full
    • Property deed certificate for 15 years
    • Any additional document requested by the Legal Department
  • In the event that the housing unit is eligible for registration:
    • Land ownership contract registered in the Real Estate Registry, free of in-kind dues owed to third parties, or allocation decision and a report of the receipt of the land
    • Copy of building license
    • A certificate from the Real Estate Tax Authority declaring that the property is assigned in the owner’s name and that the real estate taxes on the residential unit are paid in full
    • Property deed certificate for 15 years
    • Approval from the city authority or the seller to transfer ownership to the beneficiary and pledge the unit to the bank (if purchased from governmental agencies)
    • Blueprints for the residential unit
    • A certificate from the district municipality stating that there are no violations in the unit
    • Any additional document requested by the Legal Affairs Department (e.g. an area specification report on the sale to the client and mortgaging the housing unit to Banque Misr)

  • In the event that the housing unit is unregistered:
    • Residential unit contract
    • Copy of the building permit
    • Any additional document requested by the Legal Affairs Department

 

Client documents:

  • Loan application
  • Copy of a valid national ID card
  • A recent certificate of income, less than two months old
  • A recent utility bill for the client’s address (electricity, gas, water, telephone), no more than three months old
  • Pledge from the employer to transfer the salary

 

Individual Mortgage for Liberal Professionals and Business Owners

Product Features:
  • Financing rate at up to 75 % of the value of the housing unit
  • Low administrative expenses
  • The loan term is up to 15 years
  • Life and total disability insurance policy
  • Fixed monthly installments

General Loan Conditions:
  • Monthly income is no less than EGP 3,000
  • Maximum monthly premium does not exceed 40% of monthly income
  • Maximum age upon loan maturation is 65 years for all clients.

 

Required Documents

Housing unit documents:

  • In the event that the housing unit is registered:
    • Registered deed title, free of any in-kind dues owed to third parties
    • Building license or permit
    • A certificate from the Real Estate Tax Authority declaring that the property is assigned in the owner’s name and that the real estate taxes on the residential unit are paid in full
    • Property deed certificate for 15 years
    • Any additional document requested by the Legal Department

  • In the event that the housing unit is eligible for registration:
    • Land ownership contract registered in the Real Estate Registry, free of in-kind dues owed to third parties, or allocation decision and a report of the receipt of the land
    • Copy of building license
    • A certificate from the Real Estate Tax Authority declaring that the property is assigned in the owner’s name and that the real estate taxes on the residential unit are paid in full
    • Property deed certificate for 15 years
    • Approval from the city authority or the seller to transfer ownership to the beneficiary and pledge the unit to the bank (if purchased from governmental agencies)
    • Blueprints for the residential unit
    • A certificate from the district municipality stating that there are no violations in the unit
    • Any additional document requested by the Legal Affairs Department (e.g. an area specification report on the sale to the client and mortgaging the housing unit to Banque Misr)

 

In the event that the housing unit is unregistered:

  • Residential unit contract
  • Copy of the building permit
  • Any additional document requested by the Legal Affairs Department

 

Client documents:

  • Loan application
  • A recent utility bill for the client’s address (electricity, gas, water, telephone), no more than three months old
  • Copy of a valid national ID card



Submit one of the following documents

  • Bank statement according to credit policy
  • A certificate from the tax authority identifying the client's income for the last 3 years

 

Liberal professionals are required to submit:

  • A copy of the tax card and a copy of the license to practice the profession

 
Owners of commercial, industrial, or service activities must submit:

  • A copy of a recent official document from the Commercial or Industrial Registry not exceeding three months, a copy of the tax card, and a copy of the latest version of the company's memorandum of association to determine the partner’s share, if any exist

Individual Mortgage with Proof of Income

Product Features:

  • Financing rate at up to 80 % of the value of the housing unit
  • The loan term is up to 15 years
  • Life and total disability insurance policy
  • Low administrative expenses

 

General Loan Conditions:

  • Monthly income is no less than EGP 3,000
  • Maximum monthly premium does not exceed 40% of monthly income
  • Maximum age upon loan maturation is 65 years for all clients, provided that the end date of the loan does not exceed the date of termination of service

 

Required Documents

Housing unit documents:

  • In the event that the unit is registered:
    • Registered deed title, free of any in-kind dues owed to third parties
    • Building license or permit
    • A certificate from the Real Estate Tax Authority declaring that the property is assigned in the owner’s name and that the real estate taxes on the residential unit are paid in full
    • Property deed certificate for 15 years
    • Any additional document requested by the Legal Department
  • In the event that the housing unit is eligible for registration:
    • Land ownership contract registered in the Real Estate Registry, free of in-kind dues owed to third parties, or allocation decision and a report of the receipt of the land
    • Copy of building license
    • A certificate from the Real Estate Tax Authority declaring that the property is assigned in the owner’s name and that the real estate taxes on the residential unit are paid in full
    • Property deed certificate for 15 years
    • Approval from the city authority or the seller to transfer ownership to the beneficiary and pledge the unit to the bank (if purchased from governmental agencies)
    • Blueprints for the residential unit
    • A certificate from the district municipality stating that there are no violations in the unit
    • Any additional document requested by the Legal Affairs Department (e.g. an area specification report on the sale to the client and mortgaging the housing unit to Banque Misr)
  • In the event that the housing unit is unregistered:
    • Residential unit contract
    • Copy of the building permit
    • Any additional document requested by the Legal Affairs Department

 

Client documents:

  • A recent certificate of income, less than two months old
  • Loan application
  • A recent utility bill for the client’s address (electricity, gas, water, telephone), no more than three months old
  • Copy of a valid national ID card
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