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.

 

Product Parameters

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.

 

Personal Eligibility

Age: Minimum age is 25 years old, maximum age is 65 years old

Nationality: Resident & Non-Resident Egyptians as well as Resident foreigners

 

Personal Documents

  • 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)
Bank Statement
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

 

Unit Documentation

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.