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Amlak Finance PJSC Home Finance

Minimum Salary
0,00 د.إ

Description

Amlak Finance’s Ijarah Home Finance is a Sharia’h-compliant lease-to-own facility offering up to 80% financing, tenors up to 25 years, competitive blended rental rates, no salary-transfer requirement, transparent one-time fees (1.00% of finance amount), and full Takaful financing—ideal for UAE residents, investors, and corporate clients.

Features

  1. Eligibility Criteria
  • Applicants:
    – UAE nationals and expatriates (salaried/self-employed)
    – UAE-registered companies and establishments
  • Age: 21–70 years at end of finance term
  • Employment/Business:
    – Salaried: any employer (no specific tenure requirement)
    – Self-Employed: UAE or GCC residency, valid trade license
    – Corporate: registered entity in UAE
  • Minimum Finance: AED 250,000
  • Salary Transfer: Not required
  1. Finance Amount, Tenor & LTV
  • Amount: AED 250,000–subject to property value and eligibility
  • Tenor: up to 25 years (10 years for corporate/establishment finance)
  • LTV (Finance-to-Value): Up to 80% for ready residential or commercial properties
  1. Rental (Profit) Rate Structure
  • Fixed Component: Determined at application based on risk profile and tenor
  • Variable Component: Linked to 1-month or 3-month EIBOR
  • Supplementary Rentals: May apply for corporate structures
  • Blended Rate Example:50% margin + EIBOR (variable) alongside fixed spread

 

Detailed Schedule of Fees

Fee Type Charge
Processing & Documentation 1.00% of finance amount (one-time at approval)
Valuation Fee AED 3,150 per property
Early/Partial Settlement 1.00% of prepaid/outstanding amount (capped at AED 10,000)
Late Payment Penalty AED 210 per missed instalment (donation basis)
Account Statement & NOC AED 100–150 per document
Loan Rescheduling/Cancellation AED 250 / AED 150
Legal & Enforcement Costs Actual solicitor-and-client expenses
Takaful Contributions Life & property Takaful financed within facility at prevailing rates

 

Documents Required

  • Completed application form and promise-to-sell agreement
  • Passport, Emirates ID, UAE visa copy (expats)
  • Salary certificate or audited financials & trade license (self-employed)
  • Company registration documents (corporate applicants)
  • Last 6 months’ bank statements and liability letter
  • Sales & Purchase Agreement; Title Deed or Oqood; property valuation
  • Takaful proposals for life and property insurance

Additional Info

  • Sharia’h-Compliant Ijarah: Lease-to-own model with ownership transfer at lease end
  • High LTV & Long Tenors: Up to 80% financing over 25 years for individuals; 10-year cap for corporates
  • No Salary Transfer: Apply without moving salary to Amlak Finance
  • Transparent, One-Time Fees:00% setup fee vs. market average 1.05%–1.50%
  • Inclusive Takaful: Life and property insurance fully financed within the facility
  • Flexible Structure: Ready residential and commercial property financing; corporate leasing solutions
  • Dedicated Support: Personalized relationship managers and end-to-end servic­ing

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