Bedaya Mortgage Finance Co.
Finance CompanyMortgage
- Interest rateiDeclining balance: 14.25% — Calculated on the remaining balance, not the full amount — usually cheaper than the flat rate.
- 9.05%
- Monthly installment
- 15,843 EGP
- Total repaid
- 1,330,800 EGP
- No Salary Transfer
- Recent Utility bill Taxation card Personal Bank statement and Company Bank statment Recent Commercial register Last three financial statements and the statement of financial position A certified statement with the client’s income from the legal accountant Certified statement from the legal accountant on the client’s taxes and social security positions Rent agreement /proof of ownership of business premises Investment or corporate contracts Mortgage Finance Features Loan Tenor could Reach 7 Years.
- The applied rate is a floating interest rate.
- Financed amount based on the value of evaluation or the selling price (whichever is less).
- Total Mortgage loan installment should not exceed 40% of the net monthly income.
- It is applicable to add a partner’s income (1st-degree relatives only) in order to increase the loan amount.
- Admin fees, Property Insurance, Life Insurance, Cheque collection, and Mortgage Finance Fund fees are all included in the installment throughout the whole loan duration.
- Legal fees are optional will be 2000 LE.
- Application fees and I-score investigation fees are 600 LE.
- Unit Investigation fees start from 1500 LE.
- Availability to fund registered units, recordable units, or units assigned to the new urban communities.
- Property must be fully constructed and connected to the public utilities, For Units, and documents Click here .
- Please check the following link for Approved units for financing in compounds here .