Compare



Account Name

EHFC
(0 Rate)

Ijarah program for residential units for self -employed and profession

Product Rate

(0 Rate)

Benefits

- Short turn around time - Competitive interest rate fixed & variable

Overview

· You can pay monthly rentals up to 15 years and own the leased property at the end of the term of the lease. · Under Ijarah financing, EHFC buys the property from the developer/seller & lease it to the customer with the option to own the leased property at the end of the term of the lease as per the agreement signed between the two parties. The customer pays monthly rentals that comprise of fixed, variable and supplementary rentals.

Details

· Finance up to 70 %of the value of units · Finance up to 15 years · Maximum loan amount EGP 10,000,000 · EHFC can accept 1st degree partner for an extra income · Competitive interest rate fixed & variable · EHFC can finance registered units, eligible ones for registration, new urban communities/ cities located in: Greater Cairo, such as (New Cairo City /6th of October City), and all over governorates in Egypt including Ein El Sokhna, North Coast etc…

Eligibility

• Resident Egyptians • Non Resident Egyptians • Resident Foreigners

Documents

- Copy of ID (valid) - Recent personal photo - Recent utility bill (Water, Gas, Electricity Bill) for current residence - Any additional source of income (eg, residential unit rental contract , investment certificates, deposits etc.) - Copy of rental contract if there is a rented residence - Company Contract /Company Investment Journal or the license for practicing the profession for the free profession - A recent commercial register does not exceed 3 months - Copy of the tax card - Certificate from a chartered accountant to proof of income (Monthly/Annual) - Certificate from a chartered accountant status (Taxes and social insurance situation) - Financial statements stamped from a charted accountant (for last 3 years for loans over 1 million) - Personal bank statement for the last 12 months - Company bank statement for the last 12 months - Copy of unit documents

Currency

EGP

Fees

Application Fees: 350 EGP

One Time Fees: %1.5

Monthly Fees: --- EGP

Annule Fees: --- EGP

Interest Rate

25 %

Interest Type

Declining Rate

Mortgage Type

Residential

Min Tenure

12 Month

Max Tenure

180 Month

Min Amount

100,000 EGP

Max Amount

10,000,000 EGP

Max Amount To Home Value

70 %

Max Amount To Annual Income

1 Times

Max Installment To Net Monthly Income

40 %

Min Age

21 Years

Max Age

65 Years

Min Net Monthly Income

5,000 EGP

Employment Status

Self-employed Un-employed

Business Type

Doctor Engineering Consultant Accountant Other

Employer Type

Multinational Local Private Public Sector Government

Processing Time

10 Days