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 Board convened on May 5, 2022 and decided to add a new component to the Middle-Income Mortgage Refinancing Initiative, which was launched in December 2019. This includes mortgage refinancing within the framework of this initiative, up to 10% of the unit price, **plus interest**. The remaining conditions of the initiative remain unchanged. The new component will also include home maintenance fees and a maximum of 10% of the unit price, including interest. All other terms and conditions of the initiative remain the same.

Egypt

Central Bank of Egypt

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