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