A real estate loan with a subsidised interest rate.
The real estate loan with a subsidised interest rate is intended only for:
- The purchase of new, completed or off-plan promotional housing, subject to condominium ownership, which is sold by a public or private real estate developer.
- The purchase of grouped individual housing in defined areas of the southern provinces and highlands.
- The construction of rural housing for which the owner has been granted eligibility for state support under the rural housing scheme issued by the relevant provincial commission.
- The construction of individual housing carried out within the framework of public land supply in the southern provinces and the defined zones of the Highlands (self-built housing in urban social housing estates).
Terms of eligibility:
- Any natural person of Algerian nationality who is a resident of Algeria, a non-resident or has been seconded abroad for temporary assignments and has legal capacity;
- Provide proof of a stable income of less than or equal to six times the guaranteed national minimum wage, or of more than six times the guaranteed national minimum wage and less than or equal to twelve times the guaranteed national minimum wage .
Subsidised interest rate:
The loan beneficiary pays an interest rate of:
- 1% per year when the income is less than or equal to six times the guaranteed national minimum wage .
- 3% per year when income exceeds six times the guaranteed national minimum wage but is less than or equal to twelve times the guaranteed national minimum wage.
File constitution :
Administrative documents:
- Family record of civil status and copy of official identity card.
- Certificate of occupancy of current home or residence certificate (to prove applicant's address).
- Loan application form (to be completed at the branch of your choice).
- For wage earner applicants:
- Pay slips for the last three months;
- A recent work certificate.
- Annual Salary Declaration (DAS) for private-sector employees.
- For non-wage earner applicants:
- Proof of activity (trade register or licence).
- Tax certificate (C20 for the last three fiscal years);
- Cleared extract from tax registers or repayment schedule.
- For retired people:
- Income certificate issued by the national pension fund.
Legal documents:
- For financing the purchase of completed new housing, housing under construction (off-plan sale) or grouped individual housing:
- Allocation or assignment decision in the case of finished housing.
- Notarised, registered and published off-plan sale contract accompanied by the guarantee certificate issued by the Real Estate Development Mutual Guarantee Fund (FGCMPM) for housing under construction (off-plan sale).
- Copy of the decision to grant frontal assistance, issued by the National Housing Fund, for subsidised housing programmes (participative social housing, subsidised promotional housing, etc.).
- For Financing the construction works of rural housing:
- Copy of the land ownership deed or sale contract issued by the estate;
- A valid building permit (less than three years old).
- Negative certificate of mortgage registration;
- Property existence, evaluation and appraisal report issued by a bank-approved consultancy office, highlighting the following elements:
- Progress report justifying the self-financing portion.
- Estimated and quantified construction costs;
- Provisional construction schedule;
- A copy of the decision on eligibility for state support for rural housing issued by the relevant province commission.
- In the case of individual housing construction work or urban social housing estates - :
- A copy of the decision to grant state aid for the construction of social housing estates created in the southern and highland provinces, duly drawn up by the National Housing Fund.