Beltone Consumer Finance ‘Belcash’ and Orascom Development Holding signed partnership agreements to offer home renovation and education finance products to the latter’s customers in two of its fully integrated towns: El Gouna and Makadi Heights.
The partnership agreement with El Gouna included a new education finance product specifically offered to El Gouna International School, where parents will now have the opportunity to finance their kids’ tuition fees — partially or fully — over 6 to 12 equal monthly instalments. This product comes with minimal documentation requirements and instant approval to facilitate the whole experience for the El Gouna community.
Additionally, the second financing opportunity now available to El Gouna homeowners is the home renovation product, which gives residents the option to finance their home renovations for an extended period that can reach up to 60 months with competitive interest rates and instant approval.
“I’m happy with our new partnership with Beltone Consumer Finance Belcash to offer our residents and community a worry-free opportunity to pay for their kids’ tuition fees and home renovations with Belcash over long term instalments through a hassle-free process,”said Mohamed Ashour, the Head of Commercial and Business Development in El Gouna.
El Gouna is Orascom Development’s first iconic town located in the Red Sea region. It is built on a 36.9 million square metre area and is surrounded by natural landscapes. Many regional sports and cultural events are held there, and the town has managed to hold the title of the Middle East’s first sustainable town since 2014.
“We’re very proud with our partnership with Orascom Development Holding, which emphasises our commitment and focus towards entering the education finance market and being a main player, and at the same time offering our Home Renovation product to customers of Orascom Development,” said Moemen Salem, the CEO of Belcash.
For Makadi Heights’ homeowners, the newly signed partnership now allows them to pay for home renovations over instalments that can go up to 12 months with 0% interest. The agreement offers Makadi Heights’ residents a flexible and comfortable instalment plan to ease the process of beautifying their homes.
Makadi Heights is one of Orascom Development’s fully integrated towns by the Red Sea in the heart of Makadi Bay; just 15 minutes away from Hurghada airport and 20 minutes away from Hurghada.
“At Makadi Heights, we strive to offer our residents diverse services and facilities to ensure their comfort and satisfaction. Therefore, I’m very excited about our new partnership with Beltone Consumer Finance Belcash to offer our homeowners the flexibility to cover their home renovation costs and extra works over a flexible payment plan,” said Tamer Dewidar, the CEO of Makadi Heights.