2022-06-05

A circular dated June 5, 2022 regarding adding financing for the maintenance deposit to the real estate financing initiative for middle-income people, with a return of 8 percent.

In a letter dated June 5, 2022, the Central Bank of Egypt's Board of Directors announces a decision to include the financing of a maintenance deposit, up to a maximum of 10% of the unit price, as part of the 8% decreasing return financing initiative for middle-income housing loans. This decision aims to facilitate clients' access to financing and overcome obstacles within the housing loan initiatives, mirroring the conditions applied in the limited and middle-income housing loan initiative with a 3% decreasing return.

Egypt

Central Bank of Egypt

Show thumbnail