1. Eligibility Criteria

Applicants must be UAE residents or expatriates aged 21–65 at maturity, with:

• Minimum Income:
  • Salaried: AED 15,000/month
  • Self-employed: AED 250,000 annual turnover
• Employment Tenure: Minimum 6 months in current role
• Credit History: Clean UAE credit bureau record
• Co-applicants: Joint financing up to two applicants (combined income criteria applies)

2. Finance Amount, Tenor & LTV

• Finance Amount: AED 250,000–4,000,000
• Tenor: 5–300 months (up to 25 years)
• Loan-to-Value:
  • UAE Nationals: up to 85%
  • Expatriates: up to 80%
  • Subject to income and property valuation

3. Profit Rate Structure

• Variable Rate: 1-, 3-, 6- or 12-month EIBOR + margin
  • Typical margin: 25% (floor 4.50% p.a.)
• Fixed-Rate Option: Introductory 1–5 years at EIBOR + margin + 0.10%–0.20%
• Repricing: At each EIBOR reset frequency without additional fee

Detailed Schedule of Fees