Emirates NBD Home Finance

Minimum Salary
15.000,00 د.إ

Flat Rate
AED 2.6%

Reducing Rate
4.39 %

Maximum Term
25 Years

Monthly Payment
AED 4,122

Description

Home Loan for Expatriates.

Eyeing a property in Dubai or Abu Dhabi? This is the perfect home loan package for you

Major Advantage: High finance amount, Fixed rate options also available

Major Concern: High Minimum salary requirement

Features

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.39% p.a.

Flat Rate*: 2.60% p.a. (Approximate calculation as per 25 years tenure)

Processing Fees:

No Salary Transfer	Salary Transfer/ Buyout	All Other Segment
0.5%	0%	1%

Property valuation Fees: AED 3,000 + Vat (Refundable if taking variable rate)

Early Settlement Fees: 1% of outstanding Loan or AED10,000 (whichever is lower)

Partial Settlement: 20% of the outstanding free

Finance Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 Months for salaried; 2 Years for self-employed

Salary Transfer: Required for some rate options

Minimum Down-payment:

For first property (If property price < AED 5M): 20% for Expats
For first property (If property price > AED 5M): 30% for Expats
For second property: 40% for Expats

Key Details:

Maximum Finance Amount: AED 25,000,000

Islamic Finance: No

Maximum Term: 25 years

Finance available for: All properties with title deed in Dubai, Abu Dhabi

Insurance (Compulsory):

Life Insurance: 0.016% per month

Property Insurance: 0.12% p.a. (on property value)

Documents Required

Common Documents:

Valid Passport, Resident Visa and Emirates ID Copy.
Offer Letter Copies of All Personal Ongoing Finance.
Rental Income Document (If any).
Liability Letter (In case of Buyout Finance only).
Relevant property Documents.

Salaried Client Documents:

Latest Salary Certificate addressed to Emirates NBD.
Latest 6 Months Personal Bank Statement.
Six months Pay slips if there is variance in Salary.

Self-Employed Client Documents:

Valid Company Trade license.
MOA (Memorandum of Association) including all amendments.
Latest 6 Months Personal Bank Statement.
Latest 1 Year Company Bank Statement.
Audit Financials of last 2 years.
Offer Letter Copies of All Company Ongoing Finance.

Additional Info

All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
Reducing rate is converted into flat rate as per 25 years calculation.
Terms and conditions apply.