What are the mortgage finance conditions for middle-income buyers? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What are the mortgage finance conditions for middle-income buyers?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

The state offers programmes for middle-income buyers (such as the 3% or the 8% declining-rate initiative). They require a down payment ranging between 15% and 20%, and the repayment period runs from 20 to 30 years. The price of the unit and the monthly income must be within the limits allowed by the initiative, and the unit must be fully finished.

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