Housing and Development Bank — Mortgage

Housing and Development Bank
Mortgage
Interest rateDeclining balance: 15.5%Calculated on the remaining balance, not the full amount — usually cheaper than the flat rate.
10.54%
Monthly installment
12,283 EGP
Total repaid
2,210,850 EGP
  • No Salary Transfer
  • Mortgage Finance Features Loan Tenor could Reach 15 Years.
  • The applied rate is a fixed 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.
  • 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 Unit documents Click here .

Calculation breakdown

Interest rate
10.54%
Total interest
1,343,850 EGP
Financed amount
850,000 EGP
Total repaid
2,210,850 EGP

Monthly installment12,283 EGP

The minimum down payment for this offer is 20%. Try a higher percentage or view all offers.

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Terms & features

  • No Salary Transfer
  • Mortgage Finance Features Loan Tenor could Reach 15 Years.
  • The applied rate is a fixed 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.
  • 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 Unit documents Click here .

Early repayment

Early repayment fee
2%

Age range

Age range
2165
Minimum income
10,000 EGP

Required documents

  • Tax Card
  • Commercial Register
  • Utility Bill
  • National ID Back Side
  • National ID Front Side

Other offers from this bank

Displayed figures are indicative and may vary by bank; please confirm final terms with the bank before applying.

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