Regulatory Alerts2025-11-04
Added · Updated
Exclusion of Housing for All Egyptians Initiative Clients from Real Estate Financing Interest Rate Adjustments
The Council of Ministers approved that amendments to real estate financing interest rates do not apply to customers who previously submitted reservations through the Housing for All Egyptians Initiative advertisements No. (1-2-3). These excluded customers retain the interest rates of (3%, 8%) decreasing for low- and middle-income individuals as established by the Central Bank of Egypt initiatives and prior Council of Ministers decisions. Banks are required to comply with this exclusion when applying the new rates.
Topics
credit
monetary
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