The Bank offers you its competitive mortgage finance program ‘Aqarat'; whether you are planning to get married, buy a new house, invest for the future or for your kids, ‘Aqarat' is your right choice. ‘Aqarat' is especially designed to meet your financial needs in buying a new apartment, villa or summer house with simple, fast procedures and various repayment methods.

Aqarat’s Benefits:

• Finance up to 80% of the unit value
• Support in getting legal documents
• Possibility to combine spouse salary
• Full salary transfer is not mandatory
• Life and Property insurance benefits
• Choose the unit you prefer whether it is registered or valid to registration
• Choose the best repayment methods and duration that suits your needs
• Enjoy an automated installment transfer from your account

Features:

• Maximum financing rate of the overall unit value is 80% for apartments and Villas and 65% for summer house
• The units to be financed are apartments, villas and summer houses that are registered or are valid for registration.
• Repayment Methods could be processed through:
• Regular Installments.
• Regular Installments with Pre-planned Bullet Payments.
• Decreasing Installments
• The ability to have co-borrowers though limited to 1st and 2nd degree relative and same criteria applies.

Conditions:

• Maximum and minimum financing amount is EGP 5,000,000 and EGP 50,000 respectively.
• Financing duration ranges from 5,7,10 years and may reach up to 15 years in some cases.
• Applicant’s minimum age should be 23 years at the financing date with a maximum of 60 years for employed and 65 years for self employed upon financing maturity.

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