Terms and conditions



-Less financing cost
-The longest possible settlement period, on simple monthly installments, close to the new rental value, with granting ownership of the real estate property.
-Ownership of the unit as of the date of taking delivery thereof.
-Own the property from the date of receipt
-Units are registered and ready for handing over.

- Determination of budget
- Preparing required documents
- Carrying out an engineering appraisal of the unit to fix its market value
- Fulfillment of the decided collateral coverage
- Signing the property contract by the financing quarter
- Registration of the property in the Customer's name and mortgaging thereof in favour of the Financing Quarter.

- Identity documents
- Income verification documents

- A (valid) national identification card
- A passport for the Egyptians working abroad
- Copy of the residence certificate

For people who works abroad

A recent certificate attesting income, issued by the work quarter, addressed to the (Egyptian Arab Land Bank), comprising:

- Salary items
- Post
- Date of appointment
- Work quarter seal
- Signature of the manager in charge
- It should bear the date, written on --/--200-
- It should be legalized by the Egyptian Consulate in the country where the customer works, and by the Egyptian Ministry of Foreign Affairs

For the private sector or the public, government or other

- A recent certificate attesting income by the work quarter, addressed to the (Egyptian Arab Land Bank), comprising:
- The salary items
- The post
- Date of appointment
- Seal of the work quarter
- Signature of the official in charge
- It should bear the date, written on --/--200-
For businessmen in European Countries - abroad

- The corporation documents, including it's legalized contract and the corporation license ratified by the Chamber of Commerce.
- A bank statement, the last three tax returns and the last three balance sheets, legalized by the Egyptian Consulate in the country where the customer works, legalized by the Egyptian Ministry of Foreign Affairs.
-Income certificate from a legal accountant directed to the Egyptian Arab Land Bank and it should include

Activity Type
Activity Start Date
Written down in ../../200.

Data on the financial position of the company documented in the Egyptian consulate in the country in which the client work and approved from the Ministry of External Affairs in Egypt

Bank statement and the last 3 tax returns and the last budgets bound into the Egyptian consulate in the country in which the client work and approved from the Ministry of External Affairs in Egypt
For people who works abroad in Arab countries
- The corporation documents, including the it's legalized contract and the corporation license ratified by the Chamber of Commerce.
- An income certificate issued by a chartered accountant, addressed to the (Egyptian Arab Land Bank), comprising:
- Type of activity
- Date of starting thereof
- It should bear the date, written on --/--200-
- Particulars about the Company's financial position, legalized by the Egyptian Consulate in the country where the customer works & by the Egyptian Ministry of Foreign Affairs.
- A bank statement, the last three tax returns and the last three balance sheets, legalized by the Egyptian Consulate in the country where the customer works, legalized by the Egyptian Ministry of Foreign Affairs.
For the people who are freelancers

A copy of the tax card
Another copy of a tax return
A copy of the syndicate Carn
Ownership or rent contract for the activity unit
Ownership contract for a unit and it's rental contract installed on it the date in Real Estate
The acquisition of agricultural land
Statement of pension items
A new electricity receipt of the activity's unit
The company contract
A bank statement
A certificate from the bank with the amount of the loan and the value of the paid installment

A recent photo of the Commercial Registration does not exceed six months, but the date of practicing the activity is for at least three years

What Denying the existence of the provisions and the bankruptcy (activity address - card address) from the start date of the activity until the due date

Income certificate from a legal accountant directed to the Egyptian Arab Land Bank and it should include
Activity type
The activity start date
Information about the company finance
Written down in ../../200.

In addition to the legal account papers that include
A copy of the Syndicate of Accountants Carne
A recent certificate of enrollment in the public record from the Ministry of Finance
A recent practice certificate from the syndicate of accountants
Testimony that there was no recent disciplinary provisions
The origin of any income can be proved and accepted by the Bank
You can also combine more than income

A copy of the unit ownership contract or the ownership contract on the land that the unit is builf on (registered unpublicized)
- Copy of the unit title deed or that of the land on which it is constructed (a registered and notarized copy)
- Copy of the building licenses
- Real estate disposal certificate (Form 19) issued by the notarization office to which the unit is affiliated, as from the registration date of the land or unit
- Preliminary sale contract concluded between the owner and buyer
- Allocation letter and taking delivery minutes issued by the new cities agencies
- Approval of the city agency to the mortgage and sale of the buildings, not including the land, in case of purchase
- Approval of the city agency to the buildings mortgage, excluding the land, in case of building and finishing works
- The project division decision , ratified by the new cities agencies
- Financial and real estate position of the land issued by the new cities agencies
- Engineering drawings ratified by the new cities agencies
- The project general planning, ratified by the new cities agencies
- A ratified "cost estimation" issued by the consulting engineer or the contractor, attached to which is a time schedule of works in case of finishing works and building
For the engineer or the contractor, with a copy of the commercial register:
- Submitting cheques in the number of the financing installments, numbering (--) cheques
- A down-payment settled before signing the contract
- In case of accepting to finance by a credit, a real estate application shall be submitted in favour of the bank.
- The maintenance deposit shall be paid for each project independently - if any - before signing the contract or during the investigation period.
In case of contacting the customer to attend at the Bank premises to sign the contract and accomplish the finance procedures, he should attend within 48 hours, otherwise the finance application shall be abrogated and the penalty terms - signed and approved by the customer - shall be enforced.

The spouses' income may be joined, provided that the income verification & identification documents should be submitted for each of them independently.

The income of a husband and one of his parents may be joined, if the wife is not employed,

It is possible to register the property in the name of both spouses in this case.

Pensioners may be dealt with, provided that the settlement period of the finance should come to an end when the customer reaches the age of sixty five as a maximum.

Ratio of 85% represents the maximum funding but that the funding ratio could be 40% 50% 60% 70% etc. according to the client
And his income and in some cases it can reach up to 85% of the unit value

Permanent renewal wallet, and always introduce new real estate units in different areas and a variety of specifications

The bank assign an certified person from the mortgage to carry out the assessment, and therefore the investor doesn't pay the costs of the report
Assessment is to determine the market price of the unit

The installment doesn't exceeds 40% of the monthly income

It's not allowed that the installment must not exceeds 40% of the monthly incom

You can pay the entire remaining amount at one time with a reduced interest or combine installments for more than a month and pre-pay them at one time

The bank opens an account for each client in the places determined by the funding parties

In case of acquiring a finance, a life insurance shall be issued against death or disability, in which case the insurance company shall pay the entire remaining finance balance in case of death or partial disability. The beneficiaries shall obtain the real estate property, free of any installments. Likewise, the unit shall be insured on against fire.

The insurance installment is added to the funding monthly installment during the funding period or is paid once at the contracting and this is decided by the funding party and the client

There may be other expenses such as real estate maintenance expenses which is determined by the owners union
Or financing expenses which vary from one party to another These expenses is mentioned before the funding process and paid either by the project management or the funding party

Signing the finance agreement is not a sufficient measure for the unit registration. Other necessary procedures should be adopted, including submitting an application at the Notarization Administration and proceeding with the registration measures in favour of the investor, after which the unit becomes registered in the customer's name. The financing quarter proceeds with these measures on his behalf.

Such power of attorney should be issued for adopting the procedures of the property registration and its mortgage in favour of the financing quarter.

Irrevocable except in the presence of both parties
General official power of attorney

He decided that he has given power of attorney to
Mr./-----------------------
Domiciled at/-----------------

For the sale and purchase of unit number ( ) on the ---- floor, located at building-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------, in addition to its share in the land and parts of joint use, sign preliminary and final sale contracts, legalize finance, loan and mortgage contracts, agency contracts in his favour and for third party, which are irrevocable and don't lapse upon the principal's death, but remains enforceable versus his general or private successors; represent me before the Notarization Administration, its office, carry out notarization on our behalf, sign notarization applications at the competent commissions, amend and assign them, extend and renew them, submit papers, documents, the related applications, sign and assign them on my behalf as a buyer, seller or pawner, submit pleas, memorandums, official and executive contracts, sign declarations concerning the units' share in the parts of joint us; take delivery of papers, preliminary and official contracts, deal with banks regarding commercial papers, promissory notes and all debentures and bank declarations, applications for opening accounts, scheduling indebtednesses, withdraw and deposit cash amounts, cash cheques and receive them, withdraw commercial papers on our behalf, carry out all legal disposals by sale, purchase or mortgage, whether to self or third party for the said unit and its share in the land and parts in joint use, receive the said unit, conclude contracts with the electricity and water companies for installing meters.
To this end, he is entitled to sign on our behalf all or some of the foregoing, deal with all governmental, nongovernmental, administrative or judicial quarters concerning the said real estate & have all related documents and papers extracted from all governmental administrations and organizations.
The proxy is entitled to sell, purchase and mortgage to self or third party, file lawsuits for signature or contracts soundness and enforceability, submit rebuttals and defences, declare for reconciliation and for the contracts soundness and enforceability, have the rendered rulings registered and obtain the necessary approvals and documents for accomplishing the legal disposals for ownership transfer and restriction, whether by sale, purchase or mortgage in his favour or for third party, represent us before the Tax Administration and courts of whatever instance.
The proxy is entitled to give power of attorney to third party in all or some of the foregoing.
This power of attorney is drawn up in witness whereof, and after reading it, it was signed by the principal.
It is irrevocable unless in the two parties' presence


The Principal ------------------- The Notary --------------------

The customer shall not receive this power of attorney, unless after being reviewed by the Legal Affairs Department at the (Real Estate Finance Sector).

The investor may be asked to draw up promissory notes or bills of exchange as collateral only and not as a source for increasing his income, according to which the following is calculated:
- The finance monthly installment, of not more than 40% of the monthly income and 85% of the finance value in case of foreigners.
- A deposit may be created within a minimum of 25% of the property value in US Dollars
- A work contract or any income attestation may be submitted in English
- Finance with a maximum of five years
- There should be an Egyptian Guarantor