Regulatory Alerts2022-12-20 | CBE10.3Added · Updated
CBE Regulation Book 10.3 - Real Estate Finance Initiatives
The Central Bank of Egypt establishes specific financing initiatives for low- and middle-income segments, mandating interest rate caps of 5% and 7% for these categories with a maximum loan duration of 20 years. The regulations define eligibility criteria, including maximum unit prices and installment limits, and require banks to implement standardized mortgage products and electronic management systems. Additional provisions authorize the use of the Social Housing Fund for specific projects, allow for mortgage insurance in case of borrower death, and set fair market value assessment timelines for collateral.
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