About Mortgage Finance

 

Why Tamweel Mortgage Finance?

Mortgage finance is becoming a major attraction in Egypt and in the Middle East in general. No one can easily own his dream home whether by purchasing or constructing and finishing. At Tamweel Mortgage Finance, this dream will come true in 15 working days only (after all required documents are presented and fulfilled ) due our flexibility of policies and procedures

Tamweel provides a wide range of products to suit all clients needs and tailored to each client's income. Tamweel have a repayment period up to 10 years. Moreover, Tamweel finance up to 80% of the property value. Most importantly Tamweel provides outstanding service to all our clients that Tamweel finance, whether Egyptians, foreigners, employed and self employed for Egyptians living abroad.

Our Vision

To be the largest mortgage finance provider in Egypt as well as the region, i.e., we have plans to grow internationally.

 

Our Mission

Clients

Tamweel mission is to become a highly competitive company of integrated mortgage services, locally and internationally, satisfying the needs of clients seeking international standards and commitment to time and quality.

Employees

Tamweel aims at creating an organization with culture that cares for the employees, promotes their performance and makes them feel different and proud.

Shareholders

Tamweel will maximize returned to shareholders while being mindful of our overall responsibilities.

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Liquiditiy Finance

Now you can own the house which desire with a monthly installment begins with 160 LE for the single and married clients and we tailor the mortgage loan according to your needs and here are some of the benefits:

  • Tamweel offers Finance for individuals starting from the age of 21 up to the age of 65 by the end of the financing period.
  • Tamweel Finances up to 80% of the property value.
  • Tamweel Finances period up to 15 years for salaried and self employed.
  • Our instalments should not exceed 25%of the investor’s monthly income for low income housing, instalments could be increased annually up to 7%.

Required documents from employed investors:

  • Copy of national ID
  • HR letter from employer and any additional income

Required documents from self employed investors:

  • Copy of national ID
  • Valid taxation card
  • Copy of recent commercial registration and the license activity for the liberal professions
  • Last balance sheet and financial statement

OR An Income letter from legal accountant clarifing the monthly/yearly income of the Client.
OR Tax returns.
OR Bank statement for the last 6 months ( personal or company account ).

LowIncomeHousing

-Terms and conditions of the property you desire for financing.

1. Detailed constructional assessment presented by the authenticated appraisal registered from the contractors union (at least 3 years) accompanied by the following documents:

  • a) Commercial registration.
  • b) Taxation card.
  • c) Classification card from the contractors union.
  • d) Reference list.
  • - Property payment Taxes "El Awayed".
  • - Property certificate (form 18).

2. Consultant engineer for approving the completed deeds and present a progress report.

3. In case of finishing, a detailed constructional assessment should be presented by the
authenticated appraisal accompanied with an approved certificate from the consultant
for the safety of the property.

4. Presenting a detailed time schedule for finalizing the deeds concerning construction
and finishing the property.

Terms and conditions in case of building only:

  • The Land should be registered or able to be registered.
  • A copy of the property license and the construction drawings.
  • Submission of land action certificate form (19).
  • Property certificate form (18)

In case of properties located in New Urban Communities, the following documents are required:

  • A copy of the land allocation decision.
  • Document of the land handling.
  • A copy of the property license and the construction drawings.
  • A document from the New Urban Communities confirms the full payment of the land
  • Letter from the New Urban Communities classifying their acceptance for the property
    mortgage

Or investor should be presenting a guarantee of another property, registered or able to be registered.

Required documents from employed investors:

  • - Copy of National I.D.
  • - HR letter from employer and any additional income certificates.

Required documents from self employed investors:

  • - Copy of National I.D.
  • - Audited financial reports (last 3 years).
  • - Recent Financial statement.
  • - Copy of recent commercial registration.
  • - Valid taxation card.

Required documents from Egyptians living & working abroad:

  • - Copy of National I.D.
  • - Copy of passport and valid residence or work permit.
  • - HR letter stamped from the Egyptian consulate in the country, endorsed by the Egyptian Ministry of Foreign Affairs.

Required documents from Arabs and foreigners living in Egypt:

  • - Copy of passport and valid residence.
  • - HR letter from employer or any additional income.

Required documents from Arabs living abroad:

  • - Copy of passport.
  • - HR letter stamped from the Egyptian consulate in the country, endorsed by the ministry of foreign affairs.

In case of financing 1.5 million or Less, we can accept a financial statement from legal accountant clarifying the
monthly/yearly income , or a Tax return , or Bank Statement for the last 6 months ( self or company account ) .

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