Quote:
Originally Posted by HORIZON
Checked with Amlak Finance and Tamweel companies: they are giving 80 to 90 % max 20 years. Interest rate based on Central Bank rate which is 10 % at the moment, varies from 12 to 13.5%.
All the best,
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I would expect that LTV's of 80-90% for terms up to 20 years are only available for egyptian nationals and not available for foreigners. I believe most banks and mortgage cos (certainly the ones ive talked to) impose a maximum term for foreigners of 10 years and a max LTV of 65% at present. Would be helpful if you would clarify with these companies what their best terms are for foreign investors and what currencies are available.