What are the documents needed to apply for a home mortgage? Compare between mortgage loans and find the best one for your needs.



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Join Faydety as we tell you which are the best medical insurance companies for individuals in Egypt if you are looking for cheap medical insurance that is suitable for your needs. Faydety will also provide a list of medical insurance companies in Egypt.You can always contact Faydety directly and learn about medical insurance prices for individuals in Egypt, the best company for you in coverage, and how you will benefit if you buy medical insurance.&nbsp;Also, you can find out the best medical insurance for freelancers here:&nbsp;<a href="https://www.faydety.com/learn/%D9%82%D8%A7%D8%B1%D9%86-%D9%88-%D9%82%D8%B1%D8%B1-2/%D8%A7%D9%8A%D9%87-%D8%A3%D9%81%D8%B6%D9%84-%D8%AA%D8%A3%D9%85%D9%8A%D9%86-%D8%B7%D8%A8%D9%8A-%D9%84%D9%84%D9%81%D8%B1%D9%8A-%D9%84%D8%A7%D9%86%D8%B3%D8%B1-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1--%D9%81%D8%A7%D9%8A%D8%AF%D8%AA%D9%8A-%D9%87%D8%AA%D8%B3%D8%A7%D8%B9%D8%AF%D9%83-2499">The best medical insurance for Freelancers in Egypt&nbsp;</a>&nbsp;<h2>The Best Medical Insurance Companies for Individuals in Egypt</h2>&nbsp;<h2>AXA Medical Insurance</h2>&nbsp;<a href="https://www.axa-egypt.com/individual-health-insurance?gclid=CjwKCAiAheacBhB8EiwAItVO2789PeSLLS8yNQ00G6EkwWZwYLo4x7hItTUdLLSdSvGuT24n93XAJRoCoZcQAvD_BwE">AXA</a> is considered the best medical insurance company for individuals in Egypt and offers several special features to its clients:&nbsp;AXA provides you with medical insurance that allows you to enjoy every moment of your life while protecting the future of your family and maintaining their lifestyle against unexpected events at the same time.Find AXA’s medical network&nbsp;<a href="https://www.axa-egypt.com/medical-network?p_l_id=38984&amp;_branchlocator_INSTANCE_UyBWOz7HVNqG_positionLat=30.061131&amp;_branchlocator_INSTANCE_UyBWOz7HVNqG_positionLng=31.2178707&amp;_branchlocator_INSTANCE_UyBWOz7HVNqG_pageReloaded=1&amp;_branchlocator_INSTANCE_UyBWOz7HVNqG_javax.portlet.action=getNearestLocations&amp;p_auth=iddqLaCS&amp;p_p_id=branchlocator_INSTANCE_UyBWOz7HVNqG&amp;p_p_lifecycle=1&amp;p_p_mode=view&amp;p_p_state=normal">here</a>You can download AXA’s mobile application on Google Play or Apple App Store and learn more about their services&nbsp;<a href="https://www.axa-egypt.com/mobile-app-download">here</a>The company provides its clients with many services, most notably AXA Clinic, which provides you with a comprehensive health examination at the highest level of comfort.Another feature of AXA is their excellent after-sales service. AXA is on the list of the best medical insurance companies for individuals in Egypt.&nbsp;<h2>Orient</h2>&nbsp;One of the most prominent advantages of&nbsp;<a href="https://www.orienttakaful.com/individual-and-family-medical-insurance/">Orient</a> is that it provides its clients with special medical insurance prices because it has the advantage of tailoring programs for each client.Each client can tailor their medical insurance plan according to their needs and budget.The company also has a strong medical network.One of the most important advantages of Orient when it comes to medical insurance programs is flexibility in terms of medical coverage and cost as well as their high-quality services.<h2> Royal</h2>&nbsp;Another company on the list of the best medical insurance companies in Egypt for both individuals and companies. Royal’s prices are affordable for everyone and one of its most prominent advantages is offering a fixed 20% deductible on all their plans.Contact Faydety for Insurance Brokerage and learn more about&nbsp;<a href="https://royalinsurance.com.eg">Royal</a> and their medical insurance for individuals and companies in Egypt.&nbsp;Find more information about medical insurance companies in Egypt&nbsp;<a href="https://www.faydety.com/en/learn/قارن-و-قرر-2/أفضل-شركات-التأمين-الطبي-في-مصر-2115">here</a>&nbsp;<h2>Talk to one of our medical insurance experts</h2>&nbsp;If you are on the market for medical insurance for you, your family, or your company, Faydety will provide you with the best offers currently on the market, and you can compare and choose the best plan for your needs and your budget. Faydety will also help you get medical insurance policy in no time.All you have to do is download the application and get in touch with our experts.&nbsp;<h4>Download Faydety mobile application</h4>Download Faydety application for Android<a href="https://play.google.com/store/apps/details?id=com.faydety.app"> here</a>Download Faydety application for iPhone<a href="https://apps.apple.com/eg/app/faydety/id1574213237"> here</a>

Join Faydety as we tell you which are the best medical insurance companies for individuals in Egypt if you are looking for cheap medical insurance 

Download Faydety’s application and get the best medical insurance in a few minutes



The Best Medical Insurance for Individuals in Egypt

Are you a freelancer? Do you have a problem finding good medical insurance? Faydety for Insurance Brokerage is here to save the day! All you have to do is download Faydety’s mobile application to get in touch with Faydety’s experts and solve your medical insurance problems.We know that one of the biggest problems facing freelancers in Egypt is issues with social insurance and medical insurance because they need to find a company that offers these options for freelancers.&nbsp;How will Faydety application benefit you? Read our article&nbsp;<a href="https://www.faydety.com/en/learn/عالم-المال-1/ليه-أبلكيشن-فايدتي-لازم-يكون-على-موبايلك--2179">Faydety App: Why You Need It on Your Phone ASAP</a> to find out more.&nbsp;<h2>Medical insurance for freelancers</h2>&nbsp;So, what is the solution regarding medical insurance specifically geared towards freelancers? Who will stand by you in times of need and support you during a health crisis?Faydety is here to provide you with a number of medical insurance companies in Egypt that offer some of the best insurance services at the best prices. Faydety will also help you compare between offers, make your decision and get your own medical insurance policy as soon as possible with just your national ID card.&nbsp;Don’t miss our article on freelancing&nbsp;<a href="https://www.faydety.com/learn/قارن-و-قرر-2/مين-بيكسب-أكتر-fulltime-ولا-freelancer-content-writer-59">here</a>&nbsp;<h3>If you are a freelance worker your problem with medical insurance is solved</h3>&nbsp;If you are a freelancer your problem is solved, you don’t have to worry about medical insurance anymore as Faydety is here to provide you with the best medical insurance offers and the best plans at the best prices.All you need is your national ID card and a personal photo, nothing else.&nbsp;Are you fed up with being copped up in the office all day? Here are some nice places where you can work out of office: <a href="https://www.faydety.com/learn/%D9%86%D8%B5%D8%A7%D9%8A%D8%AD-%D8%A8%D8%A8%D9%84%D8%A7%D8%B4-5/%D8%A7%D8%B2%D8%A7%D9%8A-%D8%AA%D8%B3%D8%AA%D8%BA%D9%84-%D8%A7%D9%84%D9%80-co-working-spaces-%D9%81%D9%8A-%D8%B4%D8%BA%D9%84%D9%83--23">How to best utilize Co-Working Spaces for your work</a>&nbsp;<h3>Get in touch with Faydety experts</h3>&nbsp;All you have to do is to get in touch with one of our experts on medical insurance for individuals to solve all your medical insurance problems.&nbsp;Faydety’s experts will also help you compare between different offers and find the best medical insurance plan for your situation.&nbsp;Don’t miss our article on the&nbsp;<a href="https://www.faydety.com/en/learn/قارن-و-قرر-2/أفضل-شركات-التأمين-الطبي-في-مصر-2115">Top Medical Insurance Companies in Egypt</a>&nbsp;<h4>Download Faydety mobile application</h4>&nbsp;Download Faydety app for Android&nbsp;<a href="https://play.google.com/store/apps/details?id=com.faydety.app">here</a>Download Faydety app for iPhone&nbsp;<a href="https://apps.apple.com/eg/app/faydety/id1574213237">here</a>

Are you a freelancer? Do you have a problem finding good medical insurance? Faydety for Insurance Brokerage is here to save the day! All you have 

Download our application and find the best medical insurance for freelancers



The Best Medical Insurance for Freelancers in Egypt

Why is the official US dollar rate today in banks 24 EGP but its price on the black market is more than 30 EGP? This is one of the most frequently asked questions right now, and in this article Faydety will help you understand the issue.&nbsp;Stay up to date with the USD rate and other currencies&nbsp;<a href="https://www.faydety.com/en/fx-rate">here</a>&nbsp;<h2>Why is there a difference between the official dollar rate and its black-market rate?</h2>&nbsp;The reason is because there is a huge shortage of foreign currency in Egypt, and the government is still supporting the Egyptian pound against the dollar which creates a big discrepancy between the official rate and the black-market rate.The reason behind this shortage is the war between Russia and Ukraine, and because a lot of foreign investments stopped operating in Egypt which led to a shortage in hard currency.Watch&nbsp;<a href="https://fb.watch/hqVtBgdDt2/?mibextid=RUbZ1f">this video</a> to learn more about the difference between the official price of the dollar and its price on the black market.&nbsp;<h3>International Monetary Fund</h3>&nbsp;It is expected that the IMF loan will help a little because it will restore investors’ confidence in investing their money in Egypt again.Don’t miss our article including video <a href="https://www.faydety.com/learn/%D8%B9%D8%A7%D9%84%D9%85-%D8%A7%D9%84%D9%85%D8%A7%D9%84-1/%D8%A8%D8%A7%D9%84%D9%81%D9%8A%D8%AF%D9%8A%D9%88-%D8%A7%D9%8A%D9%87-%D9%87%D9%88-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%88%D8%A7%D8%B2%D8%A7%D9%8A-%D8%A8%D9%8A%D8%B4%D8%AA%D8%BA%D9%84--2484">Everything You Need To Know About The IMF</a>&nbsp;<h2>When is the next Central Bank of Egypt meeting?</h2>&nbsp;Everyone is waiting for the meeting of the Central Bank of Egypt to decide on the interest rate issue, and the question now is whether the interest rate will be increased or not and the repercussions of the decision.&nbsp;According to the schedule of meetings published on its website the&nbsp;<a href="https://www.faydety.com/en/learn/عالم-المال-1/نبذة-عن-البنك-المركزي-المصري-34">Central Bank of Egypt (CBE)</a> is expected to &nbsp;meet next Thursday 22nd of December 2022 to discuss the interest rates of deposits and loans.More on the Central Bank and interest rates here:&nbsp;<a href="https://www.faydety.com/learn/عالم-المال-1/ليه-البنك-المركزي-بيرفع-سعر-الفائدة-اعرف-الاستفادة-2236">Why does the Central Bank raise the interest rate?</a>&nbsp;<h4>Expert predictions</h4>&nbsp;Most experts are of the opinion that CBE will decide to raise interest rates in order to re-attract foreign investments.<h4>This will be necessary to contribute to:</h4>&nbsp;<ul style="list-style-type:disc;"><li>Stabilizing the exchange rate.</li><li>The presence of a real return on customer savings in banks to protect them from the repercussions of the high rate of inflation.</li><li>Slightly control the increase in prices.</li></ul>&nbsp;Just so you know the US Federal Reserve decided to raise the interest rate by 50 basis points at its meeting on Wednesday 14thDecember 2022.&nbsp;What is the secret behind the rise in the price of the dollar in Egypt? Fine out more&nbsp;<a href="https://www.faydety.com/learn/%D8%B9%D8%A7%D9%84%D9%85-%D8%A7%D9%84%D9%85%D8%A7%D9%84-1/%D8%A7%D9%8A%D9%87-%D8%B3%D8%A8%D8%A8-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1--2129">here</a>

Why is the official US dollar rate today in banks 24 EGP but its price on the black market is more than 30 EGP? This is one of the most 

Will the IMF loan affect the dollar rate?



Why is the price of the USD on the black market over 30 EGP?

Compare between mortgage loans and find the best one for your needs.&nbsp;<h3>What is a mortgage loan?</h3>&nbsp;<ul><li>It is a type of loan offered by banks and real estate loan companies to individuals for the purpose of purchasing a residence (house or apartment).</li><li>The purchased unit is put under the bank/loaning company’s name until the owner (borrower) pays off the mortgage amount (the price of the unit plus interest).</li><li>The mortgage duration can be anything from 1 to 20 years.</li></ul>&nbsp;<h3>What’s the difference between a personal loan and a mortgage?</h3>&nbsp;Personal Loans:&nbsp;<ul><li>Personal loans are cash loans.</li><li>The client undergoes a financial history check (including income and expenditures) and the personal loan amount is agreed upon accordingly.</li><li>&nbsp;A personal loan’s duration is usually between 7 to 10 years according to the bank or loaning company’s policy.</li><li>Since there are no assets to hold as guarantee personal loans have a higher interest rate.</li></ul>&nbsp;Home Mortgage:&nbsp;<ul style="list-style-type:circle;"><li>The bank/lending company issues a cheque in the name of the property owner (the seller).</li><li>A contract between the bank/lending company, the seller, and the buyer (borrower) is drawn up where the property (asset) is held in the bank/lending company’s name as a guarantee for the mortgage.</li><li>Each client undergoes a financial history check.</li><li>The mortgage duration can be anything from 15-30 years.</li><li>Since the mortgage duration is so long the mortgage amount is much larger than a personal loan’s while the interest rate is slightly less.</li></ul>&nbsp;Getting a Home MortgageEssential requirements:<ol><li>I-Score: a positive i-Score is a must.</li><li>DBR (Debt Burden Ratio): must be less than 40%. This means that the mortgage payment + any banking commitments you may have must not exceed 40% of your net income.</li></ol>&nbsp;What are the documents needed to apply for a home mortgage?&nbsp;There are 3 applicant categories for home mortgages: employees, business owners, and freelance workers and the required documents needed differ from one category to the other.<ol><li>Employees:&nbsp;<ol style="list-style-type:lower-alpha;"><li>National I.D number.</li><li>Proof of residence (utility bill required).</li><li>Proof of employment: a salary letter from the employing company including the date of employment, net salary, and current position/title.</li><li>Bank statements going back 12 months.</li></ol></li></ol>&nbsp;<ol><li>Business owners:<ol style="list-style-type:lower-alpha;"><li>National I.D number.</li><li>Proof of residence (utility bill required).</li><li>Bank statements going back 12 months.</li><li>Syndicate card.</li><li>Profession practice certificate (if available).</li><li>Tax identification number.</li></ol></li></ol>&nbsp;<ol><li>Freelancers:<ol style="list-style-type:lower-alpha;"><li>National I.D number.</li><li>Proof of residency (utility bill required).</li><li>Bank statements going back 12 months.</li><li>Business registration.</li><li>Tax identification number.</li></ol></li></ol>&nbsp;Required paperwork specific to the purchased unit:<ul style="list-style-type:disc;"><li>In case of existing cities/towns:</li></ul><ol><li>Official copy of the contract.</li><li>Certified copy of the building permit (if the unit is not already registered).</li><li>Sequential reals estate powers of attorney if the unit is not registered yet (but can be registered without any problems) and is not under the name of the seller.</li><li>Real estate transaction certificate.</li></ol><ul style="list-style-type:disc;"><li>In case of new cities/towns:<ol><li>Official copy of the contract.</li><li>Certified copy of the building permit (if the unit is not already registered).</li><li>Sequential real estate powers of attorney if the unit is not registered yet (but can be registered without any problems) and is not under the name of the seller.</li><li>Real estate transaction certificate.</li></ol></li><li>In case of real estate compounds:<ol><li>Official copy of the contract.</li><li>Certified copy of the building permit (if the unit is not already registered).</li><li>Proof that the unit is debt free (if the unit is being purchased from an individual and not directly from the compound owner).</li><li>A copy of the ministerial decision to allocate land to the compound owner company.</li></ol></li></ul>&nbsp;4 points you must pay attention to before you apply for a mortgage&nbsp;<ol><li>Interest rate: to know more about interest rates &amp; types check our <a href="https://www.faydety.com/en/help-center/interest-rate-definitin-types-6">Help Center</a>.</li><li>Tax fees (relative stamp duty): the Central Bank of Egypt charges you each quarter 0.05% of the remaining amount of the mortgage. This is a fixed number for all banks.</li><li>Home insurance: a condition of getting a mortgage is to have a home insurance policy against general damage. The home insurance policy is usually around 0.05% - 0.30% of the home’s total value per year. Some banks will let you choose the insurance company while others won’t. This is in addition to a life insurance policy which is paid automatically along with the mortgage installment (to guarantee the bank/loaning company’s rights in case of death).</li><li>Down payment: the percentage you can afford to pay as a lump sum of the house/apartment’s price which may affect the following:<ol style="list-style-type:lower-alpha;"><li>The number banks which will accept your mortgage application.</li><li>The interest rate which is different from one client to the other even within the same bank as it depends on the down payment amount.</li></ol></li></ol>&nbsp;The down payment percentage starts from 15% and up to any amount you are able to pay.&nbsp;<ol><li>Misc. fees: registration fee, inspection fee, and administrative fees.</li></ol>&nbsp;Specifications of the purchased unit.What’s the duration of a home mortgage?Most banks offer a 15 year mortgage plan while others offer up to 20 years. Make sure to check several banks to find the best plan for you.&nbsp;<h3>Can I buy any house/apartment I want?</h3>&nbsp;This depends on the bank/real estate loan company. Generally speaking there are 3 residence types you can apply for a loan to purchase:<ol><li>Units in existing cities/towns.</li><li>New urban communities and small pieces of land: can be a separate unit, a unit on an independent piece of land, or an apartment in a building with a garden.</li><li>Units in real estate compounds: they mostly fall under the previous category of new urban communities.</li></ol>

Best Home Mortgage Loans in Egypt

Compare between mortgage loans and find the best one for your needs

What is a mortgage loan?

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