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 tracking.
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.
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.