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Subsidy Conditions

Registration Conditions

This conditions are variable according to different call for applications

  • Applicant should be Egyptian.
  • Low and middle income applicant’s age should not be less than 21 years at the end date of applying.
  • Low-income applicant’s age should not be older than 50 years at the end date of applying.
  • Middle-income applicant’s age should not exceed retirement age at the end date of loan reimbursement.
  • Middle-income applicant’s age “who exceeded retirement age” should not be older than 75 years at the end date of loan reimbursement, and should pay minimum 40% of unit price as a down payment.
  • Applicant is obliged to purchase the unit under mortgage loan (not in cash) that could reach 30 years.
  • Applicant’s net income “from all sources of family income” should be within the following bract:

 

 

 

Low Income Citizens

 

 

 

 

Maximum Net Income

Citizen

Family

Annually

Monthly

Annually

Monthly

72000

6000

96000

8000

Minimum Monthly Net Income

1200

Middle Income Citizens

Maximum Net Income

Citizen

Family

Annually

Monthly

Annually

Monthly

156000

13000

216000

18000

Minimum Monthly Net Income

1200

  • Individuals (single, divorced, widow) and households (married with kids, married, divorced with kids, widow with kids) applicants are allowed to apply to obtain social housing unit.

 

 

 

 

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