What happens if I am late on a mortgage payment?

If you're late on a mortgage payment, don't treat it like a regular payment because the property itself is often a key part of the collateral.

Key points

• Late payments can incur fees, negatively impact your credit history, and may escalate to more serious consequences if they continue.

• Contact the bank before payments pile up and request written solutions explaining that you're facing a temporary crisis.

• Don't ignore any warnings or communications related to the collateral.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

Source

• Central Bank of Egypt — Consumer Protection

• Banque Misr — Individual Mortgages