The Central Bank: 3 conditions for taking real estate financing without a down payment

The Central Bank said today that the requirement for the borrower to contribute to the down payment of 15% for housing loan beneficiaries has been canceled, for the amount of the secured loan and paid dividends/interests by the federal government, according to three conditions, which are as follows:

The property to be built/purchased must be the first home of the citizen and used for his private residence. 


That the citizen pays the value of the difference in the advance payment to cover the 15% required according to the system in the event that the loan amount exceeds the guaranteed amount and the profits/interests are paid by the federal government, from his own sources and not from other borrowing sources.


Comply with the other requirements mentioned in the Mortgage Loans Law and its amendments. 

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