We understand your concerns. Renovating your unit ensures peace of mind and satisfaction, however budget constrains can be frustrating and stressful, thus to achieve smooth renovation and planning for your desired unit proper financing is an integral resource for an upgraded change.
We at Arab African International Mortgage Finance Company (AAIMF) provide comprehensive renovation finance solutions that will help transform your unit into a perfect gateway experience. AAIMF offers the ultimate renovation financing solutions with various plans to improve the essence of your unit and to your vision.
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.
Your peace of mind is guaranteed with Arab African International Mortgage Finance.
Finance limit: Finance up to 100% of the estimated renovation works.
Tenor: Renovation finance lets you spread repayment over a long period up to 10 years.
Installments: Renovation finance installments can’t exceed 40% of your Monthly income.
Age: Minimum age is 26 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 Electric Bill to current residency in Egypt|
|HR letter (Certified & addressed to the company)|
|Certified Tax Card|
|Valid Commercial Register|
|Financial statement / Certificate from a legal accountant for the past 3 years income|
|Tax payment receipt for the last 3 years|
|Credit Bureau Report (Certified by the Egyptian embassy abroad)|
** Other forms of income that can be documented and might be accepted such as certificates of deposits, rental income, and agricultural income….etc
Eligible Units for Renovation
Residential, Commercial, Administrative, or Touristic unit either Registered or Eligible for Registration or Allocated units are eligible for renovation finance.
|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||(Property Registered Contract)||(Land Registered 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 Certified Architect/Contractor/Interior designer.
- Copy of Tax Card.
- Copy of Valid Commercial Register (Should not pass 3 months ago).