Features Get the home you want

Within the framework of the CBE’s initiatives, CIB will help you buy a unit with installments that suit your income
Mortgage CBE Initiatives

Longest repayment periods

Enjoy a repayment period of up to 30 years with descending interest rates

Lowest interest rates

Repay your loan with descending interest rates starting at 3% and up to 8%

Low down payment

Own a residential unit with a 15% or 20% down payment of the unit’s price

No issuance fees

Application fees and property assessment charges are not required

Free insurance

Benefit from free life and property insurance throughout the loan tenor

Different repayment options

Own a residential unit worth up to EGP 2.5 million with repayment plans that suit your income

Fast-tracked application process

Enjoy a simple and convenient application process

Middle Income Individuals

8% Middle Icome 3% Middle Income 3% Middle Income

Maximum Value of Unit

EGP 2.5 million

More than EGP 1.1 million and up to EGP 1.4 million

Up to EGP 1.1 million and less

Minimum Down Payment

20% of the total unit value 20% of the total unit value 15% of the total unit value

Maximum Monthly Net Income

Single: EGP 40,000
Family: EGP 50,000

Single: EGP 10,000
Family: EGP 14,000

Single: EGP 10,000
Family: EGP 14,000

Interest Rate 8%

3%

3%

Maximum Loan Tenor

25 years 30 years 30 years

Administrative Fees (unrelated to the Social Housing and Mortgage Finance Fund)

None

1% of the loan amount 1% of the loan amount

Total Value of Installments in Percentage

Total value of installments should not exceed 40% of monthly net salary

Total value of installments should not exceed 40% of monthly net salary

Total value of installments should not exceed 40% of monthly net salary

Unit Features

Fully finished with facilities

Fully finished with facilities

Fully finished with facilities

Examples Repayment Examples of Typical Sums Borrowed

Fees and Charges Fees and Charges for the Mortgage CBE Initiative

Application Fees

Free

Property Assessment Fees

Free

Registration Fees

Free
Life Insurance Throughout Loan Tenor Free

Property Insurance Throughout Loan Tenor

Free

Early Settlement Fees

 

None (customer repays subsidized interest amounts in full, calculated from the date of receiving the loan until the early settlement date, according to the rates set by the CBE)

Late Settlement Fees

2% of the final loan amount

Required Documents What you need to get a Mortgage under CBE's initiatives

Single

  • Copy of National ID
  • Recent utility bill from current place of residence
  • Proof of income indicating monthly or annual net salary

Married

  • Copy of spouse’s National ID
  • Proof of income for employed spouses in accordance with the work’s nature
  • Certificate of insurance for unemployed spouses

- Documents proving additional sources of income can be submitted if available (second job, Certificates of Deposit, Time Deposits, etc.)
- The bank has the right to request additional documents during the mortgage approval process

Terms and conditions apply 
Tax registration number: 204-891-949

Single

  • Copy of National ID
  • Recent utility bill from current place of residence
  • A certificate from a certified legal accountant by the CBE for the previous year (at least) OR a bank statement for the past 12 months
  • Copy of recent commercial register and tax card

Married

  • Copy of spouse’s National ID
  • Proof of income for employed spouses in accordance with the work’s nature
  • Certificate of insurance for unemployed spouses

- Documents proving additional sources of income can be submitted if available (second job, Certificates of Deposit, Time Deposits, etc.)
- The bank has the right to request additional documents during the mortgage approval process

Terms and conditions apply 
Tax registration number: 204-891-949

Single

  • Copy of National ID
  • Recent utility bill from current place of residence
  • Certificate from a certified legal accountant by the CBE for the previous year (at least) OR a bank statement for the past 12 months
  • Copy of tax card
  • Practicing certificate, syndicate membership, or commercial register 

Married

  • Copy of spouse’s National ID
  • Proof of income for employed spouses in accordance with the work’s nature
  • Certificate of insurance for unemployed spouses

- Documents proving additional sources of income can be submitted if available (second job, Certificates of Deposit, Time Deposits, etc.)
- The bank has the right to request additional documents during the mortgage approval process

Terms and conditions apply 
Tax registration number: 204-891-949

Single

  • Copy of National ID
  • Recent utility from current place of residence
  • Bank statement for the past 12 months
  • Certificate from a legal accountant with the annual or monthly income of the past year

Married

  • Copy of spouse’s National ID
  • Proof of income for employed spouses in accordance with the work’s nature
  • Certificate of insurance for unemployed spouses

- Documents proving additional sources of income can be submitted if available (second job, Certificates of Deposit, Time Deposits, etc.)
- The bank has the right to request additional documents during the mortgage approval process

Terms and conditions apply 
Tax registration number: 204-891-949

Single

  • Copy of National ID
  • Recent utility from current place of residence
  • Certified social insurance print indicating income

Married

  • Copy of spouse’s National ID
  • Proof of income for employed spouses in accordance with the work’s nature
  • Certificate of insurance for unemployed spouses

- Documents proving additional sources of income can be submitted if available (second job, Certificates of Deposit, Time Deposits, etc.)
- The bank has the right to request additional documents during the mortgage approval process 

Terms and conditions apply 
Tax registration number: 204-891-949

The documents submitted for the desired unit are reviewed on an individual basis.

- The bank has the right to request additional documents during the mortgage approval process 

Terms and conditions apply 
Tax registration number: 204-891-949

 

 

  • Ascending yearly installments can be applied throughout the tenor of the loan
  • The customer/family, including minor children, can benefit from the initiative for one residential unit, if they have never benefitted from previous mortgage initiatives
  • The customer can choose to increase the minimum down payment (15% or 20%) 
  • If the customer chooses early settlement or sells their unit, they shall pay the full interest rate according to the rates set by the CBE
  • Loan conditions apply to the documents provided by the Social Housing and Mortgage Finance Fund according to the regulations of the Fund so long as they do not conflict with the bank’s credit policies
  • Real estate transfer tax: 2.5% of the unit’s price
  • Low Income Individuals: The requests of low-income individuals are submitted to the Social Housing and Mortgage Finance Fund, whether the unit belongs to the Fund or is another eligible unit
Terms and conditions apply 

Tax registration number: 204-891-949

 

 

Learning center Useful banking tips

Similar products you may like

We care Our dedicated team is committed to meeting your needs
    Comparing (0/3)
    Compare
    Comparing (0/3)