In the light of national and social role of the Bank, and in line with CBE’s Mortgage Finance Initiative aimed to support you in getting the place you are dreaming of. Thus, the Bank is pleased to provide its customers with services to obtain a housing unit in accordance with Murabaha transaction. Only residential units could be financed within the initiative of the Central Bank of Egypt to promote real estate finance.

Main Features & Benefits:

• The value of finance amounts up to 90% of the total value of the unit.
  
• Equal monthly instalments over the Murabaha period.
  
• Available for Egyptians resident in Egypt.
  
• The price of the unit is determined by real estate appraisers.
• Discount rate of 35% of the monthly income of the customer.
• Flexible repayment period up to 20 years.
• Available for Egyptian Customers at age of 21 up to 60 years.
• The finance is granted by the collateral of the unit’s mortgage.
• Return rate: 5% annual rate (diminishing) for low-income people.

General Required Documents:

• Copy of a valid national identification card.
• Recent telephone, electricity or gas utility bill.
• Unit contract, allocation contract and the real estate license.
• Statement of the income particulars authenticated by work entity.
• Approval to transfer the salary, pension or instalments in case the bank requests the foregoing.

Additional documents may be requested to ascertain the property of the units, subject matter of the finance.
For more information, please visit the nearest FIBE branch or contact us on (0233365772).