{"id":645835,"date":"2017-07-31T03:53:57","date_gmt":"2017-07-31T03:53:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/aloula-to-spend-egp-350-mn-on-mortgage-finance-for-low-income-earners\/"},"modified":"2017-07-31T03:53:57","modified_gmt":"2017-07-31T03:53:57","slug":"aloula-to-spend-egp-350-mn-on-mortgage-finance-for-low-income-earners","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/aloula-to-spend-egp-350-mn-on-mortgage-finance-for-low-income-earners\/","title":{"rendered":"Aloula to spend EGP 350 mn on mortgage finance for low-income earners"},"content":{"rendered":"

El Taamir Mortgage Finance (Aloula)<\/a> plans to lend EGP 350 mn as part of the CBE\u2019s mortgage finance initiative to low-income house buyers, that will be funded by the Egyptian Mortgage Refinance Company<\/a>, Chairman Hassan Hussein tells Al Borsa<\/a>. The CBE\u2019s initiative offers mortgage finance loans at 5% and 7% interest rates. The first phase of the CBE initiative, launched in 2014, offers EGP 10 bn in mortgage finance in total, of which EGP 6 bn have already been spent as of last May<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

El Taamir Mortgage Finance (Aloula) plans to lend EGP 350 mn as part of the CBE\u2019s mortgage finance initiative to low-income house buyers, that will be funded by the Egyptian Mortgage Refinance Company, Chairman Hassan Hussein tells Al Borsa. The CBE\u2019s initiative offers mortgage finance loans at 5% and 7% interest rates. The first phase […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645835","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"f116241d-e41b-4fee-bf00-b8cc41f57774","order":"0","is_powered_by":true,"section_story_id":"5976770c-33d9-4b54-b753-b35ad2b975f0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645802],"teaser":"","voice_url":""},"yoast_head":"\nAloula to spend EGP 350 mn on mortgage finance for low-income earners - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/aloula-to-spend-egp-350-mn-on-mortgage-finance-for-low-income-earners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aloula to spend EGP 350 mn on mortgage finance for low-income earners\" \/>\n<meta property=\"og:description\" content=\"El Taamir Mortgage Finance (Aloula) plans to lend EGP 350 mn as part of the CBE\u2019s mortgage finance initiative to low-income house buyers, that will be funded by the Egyptian Mortgage Refinance Company, Chairman Hassan Hussein tells Al Borsa. The CBE\u2019s initiative offers mortgage finance loans at 5% and 7% interest rates. 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Under the cooperation protocol signed earlier this week, SODIC clients will be able to purchase ready-for-delivery homes with\u2026","rel":"","context":"In "Real estate"","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/106.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":634669,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/21\/credit-agricole-faisal-allocate-egp-500-mn-and-egp-200-mn-to-cbes-mortgage-finance-initiative\/","url_meta":{"origin":645835,"position":2},"title":"Credit Agricole, Faisal allocate EGP 500 mn and EGP 200 mn to CBE\u2019s mortgage finance initiative","author":"enterpriseam admin","date":"21 January 2018","format":false,"excerpt":"The central bank\u2019s Mortgage Finance Fund has signed agreements with Credit Agricole and Faisal Islamic Bank that will see them make EGP 500 mn and EGP 200 mn, respectively, available to financing housing purchases for the mid- and low-income segment, Al Borsa reports.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628206,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/cbe-disburses-egp-500-mn-to-mortgage-finance-companies\/","url_meta":{"origin":645835,"position":3},"title":"CBE disburses EGP 500 mn to mortgage finance companies","author":"enterpriseam admin","date":"27 June 2018","format":false,"excerpt":"The central bank has agreed to expend a second EGP 500 mn tranche to mortgage finance companies from its EGP 20 bn Mortgage Finance Fund, CBE Sub-governor Lobna Helal said, according to Al Mal. 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