Regulatory Alerts2014-08-20
Added · Updated
Amending the maximum number of units to be financed for middle-income people within the framework of the real estate financing initiative
The Central Bank of Egypt amends the eligibility criteria for the real estate financing initiative for middle-income individuals by setting the maximum monthly income at 8,000 Egyptian pounds per person and 20,000 Egyptian pounds per family. The regulation also establishes the maximum value of the financed unit at 110,000 Egyptian pounds to ensure broader access for applicants. These changes apply to the implementation of the initiative by banks in Egypt.
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