Latest in Tag: low income Highlight
Latest in Tag: low income
IMF to help low-income member states with $10bn zero rates-funds to combat COVID-19
About 20 countries showed interest in IMF’s support, says Georgieva
CIB launches new personal loan product for low-income payroll customers
The new personal loan is dedicated to customers with a monthly salary starting from EGP 2,600. The personal loan ranges between EGP 10,000 – 30,000. The loan offers customers repayment in fixed instalments over 12-36 months, and a full waiver of all administrative and assessment fees.
Al-Sisi orders additional social protection programmes for low-income: MP
Al-Qasabi reviewed recently passed legislation aimed at fighting terrorism
IDB to increase mortgage finance to low-income customers to EGP 1.5bn
The financing is offered at 5% and 7% interest rates, as part of the Central Bank of Egypt (CBE)’s Mortgage Finance Initiative.
Al-Sisi asserts he methodically follows up state measures to support low-income people
The president asserted that he understands the difficult position of the people affected by recent benefit cuts in ration cards.
CBE limits mortgage initiative to low-income after earmarked EGP 20bn runs out
NBE, HDB, Banque Misr, Banque du Caire, IDB top list of banks participating in CBE initiative with total funding of EGP 15.7bn to 165,800 clients
Government to cut taxes on low-income employees by EGP 7bn in next budget
Tax deduction of about 80% for low-income and 40% for middle-income
In Cartoon: Despite promises made to low-income citizens, the government continues to chop away at subsidies
CBE finances purchase of housing for low-income earners with discounted yearly rate
Bank amends mortgage finance initiative, introduces another category of youth
Low-income home buyers to be focus of Housing and Developing Bank’s 2016 plan
In the past year, the HBD granted EGP 750m to approximately 10,000 home buyers
1,000 excluded from low-income housing for ‘insufficient wages’
Those in the lowest income bracket have been prohibited from applying to the Mortgage Finance Fund because their income does not meet the minimum limit
Construction of 99,000 units completed in Social Housing Project, 145,000 additional units under construction
The ministry has made seven calls for citizens to apply for residential units throughout 2014 and 2015
Government raises allocations of low-income housing by 19%: Finance Minister
Ministry of Housing plans to allocate 20% of the loan to fund housing unit rents
15% of revenue from Beit Al-Watan goes to low-income projects
Age range of applicants for the social housing project increased to 50 years instead of 45 for owning and renting units
NBE to grant credit for 640 housing units
CBE launched mortgage initiative last April worth EGP 10bn for real estate financing involving funding housing for low-middle income classes at concessional terms
Armed Forces low-income housing project near completion
The project including 6,000 residential unites will be completed by the beginning of 2013