We understand your concerns. Building your own house is like putting a part of your soul into it. Your dream house is built brick by brick with no constraints and no limitations. Every one of us always had a picture perfect dream house image set in their mind, but we face reality that our vision are often costly and, financials are essential to achieve our vision.
We at Arab African International Mortgage Finance (AAIMF) provide reliable and non-biased advice to help you become the owner of your very own home without any hassle, through convenient mortgage finance solutions that eliminate your worries.
AAIMF’s tailor-made Mortgage solutions are customized to suit your exact needs. AAIMF’s specialized team of experts is with you every step of the way, through their timely, efficient and distinctive services. AAIMF Construction Finance is the optimal solution to make your dream home into a reality.
Finance limit: Up to 100% of submitted construction works quotation. Mortgage is released in staged payments on the completion of each stage.
Tenor: Under Construction Finance enables you to spread out repayment over long period up to 15 years.
Installments: Your Under Construction Finance installments can’t exceed 40% of your monthly income.
Age: Minimum age is 25 years old, maximum age is 65 years old
Nationality: Resident & Non-Resident Egyptians as well as Resident foreigners
- Valid ID (for Egyptians) / Valid Passport (foreigners)
- Recent utility bill for current residency
Income Required Documentation
|Required Documents||Employee Resident||Self –Employed Resident (Professional & Non Professional)||Employed Non Resident||Self –Employed Non Resident (Professional & Non Professional)||Employed Resident Foreigners||Self Employed Resident Foreigners|
|Copy of National ID|
|Copy of passport|
|Recent Utility Bill to Current residency in Egypt|
|Certified HR letter addressed to AAIMF||(Certified from the Egyptian embassy abroad)|
|Certified Tax Card|
|Valid Commercial Register|
|Financial Statement / Income Certificate for the past 3 years from a certified auditor|
|Tax payment receipt for the last 3 years|
|Credit Bureau Report (Certified by the Egyptian embassy abroad)|
|Valid Residency Visa and Employment Permit|
** Other forms of income that can be documented and proven are accepted such as certificates of deposits, rental income, and agricultural income….etc
|Required Documents||Inside Cairo & Provinces (Registered home)||Inside Cairo & Provinces (Eligible for registration home)||New Urban Allocated home||Allocated home|
|Property Ownership Registered Contract Land Ownership Registered Contract Land Allocation Contract||(Land Allocation Contract)||(Land Allocation Contract)||(Land Allocation Contract)||(Land Allocation Contract)|
|Property Construction License|
|Authenticated General Lay Out|
|Real Estate Tax certified status|
|Land Delivery Note from New Urban Authority / Tourism Development Authority|
|Recent Statement of Land Financial and Real Estate Status from New Urban Authority / Tourism Development Authority|
Contractor/Architect/Interior Designer Documentation:
- Cost Estimation Quotation Signed & Stamped from the Certified Architect/ Contractor/Interior designer.
- Copy of Tax Card.
- Copy of Valid Commercial Register should not pass 3 months ago.
AAIMF Construction Finance Benefits
- Construction works within a short time frame respecting the presented schedule.
- Construction is conducted within high standards.