Next Bank continues to consolidate its presence in the Egyptian banking market by offering integrated financing programs that meet the aspirations of individuals and investors towards owning residential, commercial or tourist units, with a clear keenness to provide simplified procedures, high financing values, and comfortable repayment periods extending to twenty years, ensuring the client’s stability and ability for long-term financial planning.
Advantages of real estate financing at Next Bank
The flexibility and diversity of options represent the most prominent feature of the real estate financing program offered by Next Bank, as it allows customers to choose the unit type and the appropriate financing value, in addition to the long repayment period that gives them sufficient space to arrange their financial obligations without pressure. The program’s features are as follows:
• A maximum financing value of up to 15 million pounds for some types of units.
• Financing rate starting from 60% and up to 80% depending on the type of unit.
• Longest repayment period of up to 20 years.
Advantages of financing residential units:
This type of financing meets the needs of those wishing to buy a home or invest in a residential unit, whether for residence or rental, with great financing advantages, and is characterized by the following:
• Financing up to 80% of the unit value.
• Financing value of up to 15 million pounds.
• Flexibility in repayment up to 20 years.
Financing tourism units:
Tourist units constitute an attractive investment option, and the bank allocates a balanced financing program for them that gives the customer a high value that covers the largest portion of the unit price and is characterized by the following:
• Financing rate of up to 70% of the unit price.
• Financing value of up to 15 million pounds.
• Easy repayment over a period of up to 20 years.
Financing commercial and administrative units:
This financing represents an ideal opportunity for owners of companies, offices, and entrepreneurs who wish to own an administrative or commercial headquarters that supports their activity and enhances the stability of their business, and is characterized by the following:
• Financing of 60% of the unit value.
• Financing value of up to 7 million pounds.
• Possibility of repayment in installments up to 20 years.
Real estate financing conditions at Next Bank
Next Bank’s real estate financing programs require minimum requirements to ensure customer suitability, without complexity or cumbersome procedures. The conditions are as follows:
• The applicant must not be less than 25 years old.
• The applicant must be an employee, self-employed person, or an independent professional.
Documents required for the real estate financing program at Next Bank
The following documents are essential in all cases to prove identity and place of residence:
• A copy of a valid national ID card.
• Recent utility receipt (electricity, water or gas).
Documents required for employees:
The requirements for this category are designed to be clear, simple and reflect the financial capacity of the client. The documents required for employees are as follows:
• A modern speech with salary vocabulary.
• Bank statement covering the last 6 months.
Documents required for business owners:
The following documents provide a clear vision of the size of the activity, its continuity, and its ability to generate income. The documents required for business owners are as follows:
• commercial register.
• Tax card.
• Bank statement for the last 6 months.
Documents required for self-employed persons:
These documents ensure proof of the nature of the profession and the ability to commit to payment in the long term. The documents required for self-employed persons are as follows:
• Association card or proof of practicing the profession.
• Tax card.
• Bank statement covering the last 6 months.
With this comprehensive framework, Next Bank offers a real estate financing program that combines diversity, flexibility, and ease of procedures, to be among the most prominent financing options for customers who wish to own real estate with confidence, comfort, and sustainability.
