Features Get the home you want
Buy a new home or renovate your existing one with our 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 homeDream 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 forPay us back, slow and steady
We offer loan repayment periods from 1 year up to 20 yearsBuy 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 oneRegistered properties
Only registered properties and properties eligible to be registered qualify for this loanFloating interest
Repayment terms are based on floating interest rates linked to the Central Bank of Egypt’s published interest ratesLife and property insurance
Get life and property insurance until the end of the loan periodMortgage calculator Get an estimate of your monthly payment
Calculate your repayments
Enter your preferred amount and estimate your monthly payments
Start calculatingRepayment examples of typical sums borrowed
-
Borrow EGP 1,500,000 & repay over 10 years
EGP 34,123 per month
-
Borrow EGP 3,000,000 & repay over 15 years
EGP 64,065 per month
-
Borrow EGP 5,000,000 & repay over 20 years
EGP 104,910 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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