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Mortgage Finance under CBE Middle-Income Initiative SUEZ CANAL BANK
Mortgage finance initiative for middle-income earners at an 8% interest rate Arab African International Bank No product wins everything — the right one depends on your need.
| Specs | Mortgage Finance under CBE Middle-Income Initiative SUEZ CANAL BANK | Mortgage finance initiative for middle-income earners at an 8% interest rate Arab African International Bank |
|---|---|---|
| Available online | No | Yes |
| Loan type | Mortgage Finance | Mortgage Finance |
| Interest type | Fixed | Reducing Balance |
| Interest rate | 8% | 8% |
| Min amount | EGP 0 | EGP 0 |
| Max amount | EGP 2,000,000 | EGP 2,500,000 Best |
| Min term | 1 yr | 5 yrs |
| Max term | 30 yrs | 25 yrs |
| Max DTI | — | 40% |
| Max financing | 80% Best | 80% |
| Zero down payment | No | No |
| Processing fee (%) | — | 2% |
| Processing fee (fixed) | — | EGP 300 |
| Min monthly income | — | EGP 40,000 |
| Min age | — | 21 |
| Max age | — | 60 |
| Approved employer | No | No |
| Requires collateral | Yes | Yes |
| Life insurance | Yes | No |