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CIB, SODIC ink protocol for mortgage finance

CIB, SODIC ink protocol for mortgage finance
Various payment plans will be offered for delivered units
SODIC
OCDI
-0.07% 14.76 -0.01
CIB
COMI
0.38% 53.16 0.20

Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) signed a protocol of cooperation with Six of October Development and Investment (SODIC) to provide mortgage finance programmes, the Middle East News Agency (MENA) reported on Tuesday.  

Under the protocol, various payment plans will be offered for delivered units as per the terms and conditions of the mortgage finance law.

Customers will be able to purchase ready-to-move-in units that are available for sale at SODIC’s projects and repay over a period of up to 20 years.