Mortgage Calculator — Egypt
Estimate your monthly mortgage installment in Egyptian pounds using current bank rates — and see how the CBE subsidized initiative changes the math. No signup, no account needed.
Current rates (≈ 2026 — CBE overnight deposit rate 19%; verify with your bank)
| Lender / type | Typical rate | Notes |
|---|---|---|
| NBE | 22–26% | Largest state bank |
| Banque Misr | 22–26% | Wide branch network |
| CIB | 23–26% | Leading private bank |
| QNB Alahli | 23–26% | Competitive packages |
| CBE subsidized initiative | ≈8% | Low/middle-income housing |
Major lenders
- National Bank of Egypt (NBE) — largest state bank, broad mortgage access
- Banque Misr — wide branch network, government housing schemes
- CIB — leading private bank, competitive private mortgages
- QNB Alahli — flexible tenures
- CBE Mortgage Finance Initiative — subsidized ~8% rate for eligible low and middle-income buyers
The real cost — a worked example
Example: E£2,000,000 mortgage at 24% for 15 years (commercial rate)
- Monthly payment: E£41,165
- Total paid over 15 years: E£7,409,785
- Total interest: E£5,409,785
- At the CBE subsidized ~8% rate, the same loan costs dramatically less — check eligibility before borrowing commercially.
Subsidized vs commercial mortgages
- CBE Mortgage Finance Initiative — a subsidized rate near 8% for eligible low and middle-income buyers, a fraction of commercial cost. Strict income and unit-price limits apply.
- Commercial mortgages — 22–26% per year, tracking the CBE overnight rate (19%). Expensive, so larger down payments and shorter tenures matter a lot.
- Always compare the subsidized route first — the difference over 15 years is enormous.
A real-data rate check: mortgage rates in Egypt (2026)
Egypt's mortgage market is dominated by the Central Bank of Egypt (CBE) policy rate. As of the CBE's April 2, 2026 meeting, the overnight deposit rate stood at 19% and the overnight lending rate at 20%, down from 24%/25% in July 2025. Standard, non-subsidized bank mortgages generally track this policy rate plus a margin, putting ordinary market mortgage rates in roughly the 22-26% per year range. Most qualifying buyers instead use the CBE's subsidized real-estate finance initiative through banks like CIB Egypt, Banque du Caire, and Bank NXT, offering roughly 3% for lower-income buyers up to about 8% for higher-income tiers.
A more realistic example: for a standard market-rate loan at 24% on EGP 2,000,000 over 15 years (180 months), using M = P·r·(1+r)^n / ((1+r)^n − 1), the payment is about EGP 41,165/month. For a subsidized 3% loan of EGP 1,100,000 over 30 years, the payment works out to about EGP 4,638/month — illustrating just how much the subsidized program changes affordability.
Frequently Asked Questions
How is the mortgage installment calculated in Egypt?
Using the reducing-balance formula P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1). Commercial mortgage rates float with the CBE policy rate, while subsidized-initiative loans use a fixed low rate.
What is the current mortgage rate in Egypt?
Commercial mortgage rates are roughly 22–26% per year in 2026, reflecting the CBE overnight deposit rate of 19%. The subsidized CBE initiative offers around 8% for eligible buyers.
Who qualifies for the CBE subsidized mortgage?
Low and middle-income Egyptians buying within set unit-price and income limits. The subsidized ~8% rate is far cheaper than commercial loans — apply through participating banks like NBE and Banque Misr.
How much down payment is required?
Typically 20–30% for commercial mortgages. Subsidized programs may allow lower down payments within their caps. A larger down payment sharply reduces total interest at these rates.
Is the high commercial rate worth it?
At 22–26%, a commercial mortgage roughly triples the cost of the home over 15 years. Most buyers should exhaust the subsidized initiative and maximize their down payment first.
What is the current Central Bank of Egypt interest rate used for mortgages?
As of the CBE's April 2, 2026 policy meeting, the overnight deposit rate was 19% and the overnight lending rate was 20%. Bank mortgage rates are typically priced at or above this level, putting standard market mortgages around 22-26% per year.
Are there cheaper, subsidized mortgage rates in Egypt?
Yes. Through the CBE's real-estate finance initiative, banks like CIB Egypt, Banque du Caire, and Bank NXT offer subsidized rates of roughly 3% to 8% per year to buyers under certain income and property-price thresholds. These are far below standard market rates but only apply to qualifying borrowers and properties.
Related calculators
Sources
Daily News Egypt (May 20, 2026): CBE overnight deposit/lending rates held at 19%/20%. The Official Egyptian Real Estate Platform Blog (July 2025): Mortgage interest rates in Egypt. See our methodology and editorial policy for how we source and update this data.