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Apr 10,2021

All you need to know about the 2021 mortgage initiative, its conditions and how to submit the terms of reference

Know all the conditions and conditions to take advantage of the initiative of the President of the Republic for real estate financing 2021
The Deputy Governor of the Central Bank stated the requirements for accepting the mortgage finance initiative, which is expected to contribute to reviving the real estate market and encouraging young and low-income people to own property:
1- The unit price should be a maximum of 350,000 to 1,000,000 EGP
2- The housing unit must be comprehensive of finishing and utilities, and can be registered in the real estate month
3- That the average income for a person is 4000 pounds and about 6000 pounds for the family
4- The initiative includes government projects, the Urban Communities Authority, and projects owned by private companies
5- Beware of selling the financed apartment for a period of seven years, and if he wants for any reason to sell it, the full amount of the financing will be paid
6- The interest in the initiative includes 3% reducing