Features Get the home you want

Buy a new home or renovate your existing one with our Standard Mortgage

Standard Mortgage

Minimal cost upfront

Our standard mortgage finances up to 80% of property value, so you don't have to break the bank to get your home

Dream big, we've got you covered

We offer loan amounts of up to EGP 5 million, with a maximum of 80% of the property value, to help you get exactly the home you're looking for

Pay us back, slow and steady

We offer loan repayment periods from 1 year up to 20 years 

Buy or renovate

Our standard mortgage is a loan or credit facility extended to those who want to buy a new home or renovate their current one

Registered properties

Only registered properties and properties eligible to be registered qualify for this loan

Floating interest

Repayment terms are based on floating interest rates linked to the Central Bank of Egypt’s published interest rates

Life and property insurance

Get life and property insurance until the end of the loan period

Mortgage calculator Get an estimate of your monthly payment

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Repayment examples of typical sums borrowed

  • Borrow EGP 1,500,000 & repay over 10 years

    EGP 24,200 per month

  • Borrow EGP 3,000,000 & repay over 15 years

    EGP 41,988 per month

  • Borrow EGP 5,000,000 & repay over 20 years

    EGP 65,893 per month

Fees and charges The fees and charges associated with a standard mortgage
Service type Commission/Fees
Application fee EGP 300
Appraisal fee
Calculated on a case-by-case basis by the 3rd party appraisal company
Admin fee 1.5% of the loan amount
Early settlement fee 5% of the paid amount
Late penalty 5% over the current interest rate
Loan rescheduling fees 2% from residual loan amount 
Registration Fees and Expenses Calculated on a case-by-case basis by the 3rd party registration company

Requirements What you need to get a Standard Mortgage

Request a Standard Mortgage and a customer service agent will be in touch within 48 hours

CIB mortgages are available to:

  • Salaried employees
  • Self-employed individuals
  • Professionals (e.g.: doctors, pharmacists, university professors, and others)

Age limitations:

  • Minimum age: 21 years old.
  • Maximum age: 60 years old at loan maturity for salaried individuals; 65 years old for self-employed individuals.

For salaried employees, please provide a confirmation of employment from your employer.

For self-employed individuals, please provide:

  • A copy of taxation card
  • A copy of recent valid commercial register 
  • Financial statements for last 3 years or taxation endorsements or bank statements for the last 6 months

For professionals, please provide:

  • A copy of your license for your practicing profession
  • Copies of your taxation card
  • Financial statements for last 3 years or taxation endorsements or bank statements for the last 6 months

Other documents may be required on a case-by-case basis.

What are the required property documents?

Documents for the property to be purchased will also be required and will depend on the type of property and its location.

 

For more information, contact CIB customer service at 19666, open 24 hours, 7 days a week.

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