2023-05-05 14:37:02
Many people want to buy a finished ownership apartment in easy installments over a long repayment period.
In this context, Credit Agricole Bank offers an opportunity to finance a finished property through a mortgage loan to purchase a residential unit in installments over 15 years.
Credit Agricole Bank set a condition for financing a finished apartment in installments, which is that the minimum monthly income should not be less than 4 thousand pounds.
We monitor the details and advantages of the mortgage loan from Credit Agricole Bank, and how to calculate the monthly installment for the purchase of a finished apartment in the following points:
Characteristics of a mortgage loan from Credit Agricole Bank
Competitive interest rate.
Financing up to 80% of the unit value.
The loan amount is up to 10 million Egyptian pounds
Flexible repayment period from 1 to 15 years.
The possibility of including additional sources of income.
Possibility of co-borrowing with first-class or second-class relative income to increase the loan amount.
Advantages of life and property insurance.
Support from the bank’s legal experts to verify title documents, registration process, unit ownership transfer and documents.
Valuation unit for price estimation.
Terms of a mortgage loan from Credit Agricole Bank
Credit Agricole Bank has set several conditions for obtaining a mortgage loan:
The minimum age should be 21 years.
The maximum age should be 60 years for working customers.
The maximum age is 65 years for self-employed customers (at loan maturity).
The minimum monthly income should be 4000 Egyptian pounds.
The monthly installment is up to 40% of your net income each month.
How to calculate the monthly installment for a finished apartment for ownership from Credit Agricole Bank
Considering the minimum monthly salary of 4,000 pounds to obtain the loan, 40% of your salary, or regarding 1,600 pounds, will be deducted every month.
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