Financing for Construction or Extension Works of an Individual House

Are you Algerian and living abroad? Have you ever dreamed of owning a house in Algeria?

With our construction or extension loan for individual houses for non-resident Algerians, it's possible!

This loan enables you to finance up to 90% of construction or extension work.

Eligibility Conditions
The eligibility conditions are simple:

• Be of Algerian nationality;
• Have legal capacity;
• Be the owner of the land on which the construction work will take place;
• Provide a self-financing portion equal to 10% (land value), OR a certificate of work progress amounting to 10% of the construction;
• Have a borrowing capacity assessed on the basis of 50% of income earned abroad, converted into national currency.

Financing Conditions
Loan Amount: The loan amount may be capped and can reach up to:

• 90% of the amount for construction work.
• 100% of the amount for extension work.

The loan amount is calculated based on the applicant's income, with a deduction ranging from 30% to a maximum of 55%.

To increase the loan amount to be granted, the bank may accept a joint guarantee from the spouse or one direct relative (Father, Mother, Brother, Sister, Son, or Daughter), who must reside in Algeria.

• Personal Contribution: The self-financing portion represents a minimum of 10% of the construction. For extension work, it consists of the individual house itself.
• Repayment Period: The repayment period can extend up to 40 years and is determined based on the applicant's age, with a maximum age limit of 75 years.
• Management Fees: 10,000 DZD inclusive of tax (refer to the current general bank conditions).
• File Study Fees: 10,000 DZD inclusive of tax (refer to the current general bank conditions).
• Interest Rate: The interest rate is variable and set by the current general bank conditions.
• Deferment Period: The deferment period is 24 months.
• Nature of Guarantees: The guarantees to be obtained are:
  • A first-rank notarized mortgage on the land and the constructions to be built on it, in favour of the bank;
  • Death and Absolute & Permanent Disability Insurance (IAD) in favour of the bank;
  • Home insurance with a clause in favour of the bank;
  • Delegation of Natural Disaster (CATNAT) insurance;
  • An act of joint guarantee, in the case where the income of the spouse and/or a direct relative is taken into account in the calculation of the borrower's repayment capacity.

File Composition

1. Copy of the land property deed or sale contract issued by the domains authority;
2. Valid building permit (less than 3 years old);
3. Certificate of no mortgage registration;
4. Certificate issued by a consulting office approved by the bank, certifying the start of construction work;
5. Existence, assessment, and expertise report issued by a consulting office approved by the bank (including an estimated and quantitative quote for the construction work to be carried out and a projected implementation schedule);
6. Family civil status record and a photocopy of an official identity card;
7. Certificate of residence (to justify the loan applicant's address in Algeria);
8. Loan application form (to be completed at the branch);

9. Documents required for authentication by the Algerian consulate abroad are:
   • Proof of residence abroad;
   • Permanent employment contract, supported by the last three pay slips for salaried employees;
   • Proof of professional activity supported by tax and social security contribution certificates for self-employed individuals.

Financing of renovation work on premises for residential use

              Are you Algerian and living abroad? Would you like to renovate or finalise the construction of your home in Algeria?

             With the home improvement loan from CPA, it's possible!

             This loan enables you to finance up to 100% of the renovation or finishing costs, at an attractive interest rate.

             It is an ideal solution for those who wish to fulfil their dream of renovating their home in Algeria, even if they are non-residents.

Eligibility Conditions
To benefit from this loan, you must:

• Be of Algerian nationality
• Enjoy legal capacity
• Have a borrowing capacity assessed on the basis of 50% of income earned abroad, converted into national currency.

Financing Conditions

• Loan Amount:
  The loan can cover up to 100% of the cost of the work to be carried out, without exceeding 70% of the value of the property as assessed and expertise by a consulting office approved by the bank.
  The loan amount is calculated based on the applicant's income, with a deduction ranging from 30% to a maximum of 55%.
  To increase the loan amount, the bank may accept a joint guarantee from the spouse or one direct relative (Father, Mother, Brother, Sister, Son, or Daughter), who must reside in Algeria.

• Personal Contribution: The self-financing portion consists of the property undergoing the improvement work.

• Repayment Period: The loan term can extend up to 40 years and is determined based on the applicant's age, with a maximum age limit of 75 years.
• Management Fees: 10,000 DZD inclusive of tax (refer to current general bank conditions).
• File Study Fees: 10,000 DZD inclusive of tax (refer to current general bank conditions).
• Interest Rate: The interest rate is variable and set by the prevailing general bank conditions.
• Deferment Period: The deferment period is 6 months.
• Nature of Guarantees: The guarantees to be obtained are:
  • A first-rank notarized mortgage on the property undergoing the work to be financed, in favour of the bank;
  • Death and Absolute & Permanent Disability Insurance (DDI) in favour of the bank;
  • Home insurance with a clause in favour of the bank;
  • Delegation of Natural Disaster (CATNAT) insurance;

An act of joint guarantee, in the case where the income of the spouse and/or a direct relative is taken into account in the calculation of the borrower's repayment capacity.

File Composition

1. Copy of the property deed or sale contract for the home issued by the domains authority;

2. Certificate of no mortgage registration;

3. Estimated and quantitative quote for the cost of the renovation work, prepared by a consulting office approved by the bank;

4. Existence, assessment, and expertise Report of the property issued by a consulting office approved by the bank;

5. Projected implementation schedule;

6. Family civil status record and a photocopy of an official identity card;

7. Certificate of residence (to justify the applicant's address in Algeria);

8. Loan application form (to be completed at the branch);

9. Documents required for authentication by the Algerian consulate are:

   • Proof of residence abroad;

   • Permanent employment contract, supported by the last three pay slips for salaried employees;

   • Proof of professional activity supported by tax and social security contribution certificates for self-employed individuals