3 products side by side
CBE Mortgage Initiative National Bank of Egypt
Mortgage finance initiative for middle-income earners at an 8% interest rate Arab African International Bank
Mortgage Finance under CBE Middle-Income Initiative SUEZ CANAL BANK CBE Mortgage Initiative — best on every question below.
| Specs | CBE Mortgage Initiative National Bank of Egypt | Mortgage finance initiative for middle-income earners at an 8% interest rate Arab African International Bank | Mortgage Finance under CBE Middle-Income Initiative SUEZ CANAL BANK |
|---|---|---|---|
| Available online | No | Yes | No |
| Loan type | Mortgage Finance | Mortgage Finance | Mortgage Finance |
| Interest type | Reducing Balance | Reducing Balance | Fixed |
| Interest rate | 8% | 8% | 8% |
| Min amount | EGP 10,000 | EGP 0 Best | EGP 0 Best |
| Max amount | EGP 14,000,000 Best | EGP 2,500,000 | EGP 2,000,000 |
| Min term | 5 yrs | 5 yrs | 1 yr |
| Max term | 30 yrs | 25 yrs | 30 yrs |
| Max DTI | 40% | 40% | — |
| Max financing | 80% Best | 80% | 80% Best |
| Zero down payment | No | No | No |
| Processing fee (%) | 1% Best | 2% | — |
| Processing fee (fixed) | — | EGP 300 | — |
| Early repayment penalty | 0% | — | — |
| Min monthly income | EGP 10,000 Best | EGP 40,000 | — |
| Min age | 21 | 21 | — |
| Max age | 75 | 60 | — |
| Approved employer | No | No | No |
| Requires collateral | Yes | Yes | Yes |
| Life insurance | No | No | Yes |