AMTALEK will help you find your property.
With the efforts, after it became available, I was able to provide an opportunity to own a housing unit, cooperation in the field of real estate financing, supported by the Central Bank, providing easy financing opportunities for the light house in subscribing to new housing units, whether for low- or middle-income people, as part of a government plan to excel in strengthening the housing sector and facilitating.
We review with you the details related to the initiative and its events.
Despite the real estate financing initiative that was launched in 2021, it is still continuing to provide support for financing the purchase of residential apartments.
Easy real estate loans can be accessed for housing units in new housing projects, which suit different personal categories.
It provides a limited opportunity for the practical financing system, and may extend for several years up to 30 years, which contributes to its presence in the labor office more easily, and alleviates the burden through the monthly tax.
Many banking banks affiliated with the Central Bank of Egypt are distinguished by the presence of financial loans with conditions.
Among the distinguished participating banks are the National Bank of Egypt, the Housing and Development Bank, the Commercial International Bank, Banque Misr, Banque du Caire, Credit Agricole Egypt Bank, Faisal Islamic Bank, and United Bank.
As for banks, there are companies specialized in real estate financing expansions in purchasing conformity with specifications, such as: Amlak Real Estate Finance Company, Al-Ahlia Real Estate Finance Company, Al-Taamir Real Estate Finance Company, Al-Ahlia United Company, and the Arab International Company.
Framework for amending real estate specializations, the Central Bank, on amending the interest rate on financing loans.
According to new amendments, the interest on limited-income apartments has become 7.5%, and on a decreasing basis, thanks to people whose net monthly income does not exceed 10 thousand pounds per person and 13 thousand pounds per family.
As for the middle-income segment, it has been raised to 12% on a decreasing basis, with the maximum monthly income adjusted to reach 20 thousand pounds per person and 25 thousand pounds per family.
The company also adjusts the fine differences for the payment of all the distinctive elements in the participants, in addition to 20% of the value of the group's needs, in order to contribute to the original advantage without the need to provide soft financing.
