El-Batal Group for Housing and Development signed a Co-operation Protocol with the Qatari National Bank (QNB Alahli) to offer mortgage finance to 600 units in the company’s compounds “Rock Eden” in the 6th of October and “Rock Vera” in 5th Settlement District.
All the units are fully finished according to conditions of mortgage finance in Egypt.
The co-operation came as a part of the vital role played by El Batal Group in facilitating and offering high-quality service to its clients according to the directives of the state and the Central Bank of Egypt (CBE) initiatives and complying with the country’s strategy in supporting mortgage initiative with low interest in order to provide residential units to all income levels.
The Co-operation Protocol stated interests of 3% and 8% in case of applying for the mortgage finance initiative.
El-Batal Group CEO Eng. Emad Doss, QNB Alahli CEO Mohamed Bedier, and associated teams from both sides attended the contract signing.
El-Batal Group CEO Eng. Emad Doss asserted that it is necessary to intensify efforts to support Egypt’s sustainable development strategy, saying “We are very keen on supporting all the initiatives that could create a better life for the Egyptian citizen, especially when it comes to providing a suitable home and easing the process of owning it”.
He added that the client will pay a deposit of 20% of the total amount of the residential unit and gain a mortgage finance period up to 30 years.
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