Would you like to buy a completed new home or one that's under construction (off-plan sale)? CPA is committed to helping you make your dream home a reality and can provide a real estate loan to meet your needs.
Terms of eligibility:
To qualify for a real estate loan to purchase a new home:
- Any natural person of Algerian nationality, whether resident or non-resident in Algeria, who has legal capacity;
- Evidence of self-financing equal to at least 10% of the home's price.
- Evidence of a stable, regular income equal to at least one time the guaranteed national minimum wage (SNMG);
- For residents abroad, 50% of income earned must be converted into national currency.
Financing terms :
- Loan amount: up to 90% of the purchase price of the property being financed.
For young Algerian residents under 40 years of age, financing can reach 100% of the purchase price of a new, completed property or an off-plan purchase.
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 amount of the loan to be granted, the bank may accept a joint guarantee from a spouse or single direct relative (parent, sibling, child).
- Apport personnel : The self-financing portion must equal at least 10% of the property's purchase price. This requirement may be waived for applicants less than 40 years of age, subject to their debt capacity.
- Repayment duration: The loan term may be up to 40 years and is determined by the applicant's age up to a maximum of 75 years.
- Management fees: 10,000 DZD including taxes (see current bank terms and conditions).
- Application processing fees: 10,000 DZD including taxes (see current bank terms and conditions).
- Interest rate: The interest rate is variable and is determined by the general banking conditions in force.
- Loan repayment: The loan is repaid in constant monthly instalments throughout the loan term.
- Deferment period: The deferment period is set at a maximum of six months from the date of:
- The mobilization of the loan, if the loan is used in a single instalment.
- The mobilization of the final instalment, if the loan is used in several instalments.
- Type of guarantees: The guarantees to be obtained are:
- A first-ranking notarised mortgage in favour of the bank on the property to be financed;
- Death and absolute and Permanent Disability Insurance (PDI) in favour of the bank.
- Home insurance delegated to the bank.
- Natural disasters insurance delegation;
- A deed of joint guarantee if the income of the applicant's spouse and/or direct relative is taken into account when calculating their repayment capacity.
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File constitution:
- Allocation or assignment decision in the case of completed housing.
- Notarised sales contract, registered and published, accompanied by the guarantee certificate issued by the Real Estate Development Mutual Guarantee Fund (FGCMPM) in the case of off-plan sales of housing under construction
- Family record of civil status and copy of official identity document;
- Certificate of occupancy of current home or residence certificate (to prove applicant's exact 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).
- Fiscal 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.
- For nationals residing abroad, this must be authenticated by the Algerian Consulate:
- Proof of residence abroad;
- An indefinite-term employment contract supported by the last three payslips for wage earners.
- Proof of activity supported by fiscal and para-fiscal certificates for non-wage earners.