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.

The Central Bank held a meeting on May 5, 2022, to discuss housing loan programs. The current housing loan program with an 8% annual interest rate for the middle-income group will be expanded, and the maximum home unit price allowed within this program, which currently includes maintenance fees up to 10%, will remain unchanged. This expansion is expected to enhance access to these loans by the target demographic.

Egypt

Central Bank of Egypt

Show thumbnail