Invest Bank Mortgage Loans

Minimum Salary
0,00 د.إ

Description

Invest Bank’s Mortgage Loan offers variable interest at EIBOR + 1.50%–4.00%, hybrid options with initial fixed rates of 3.50%–6.50% p.a., financing up to AED 15 million, tenors up to 300 months, a 1.00% processing fee, and transparent, capped charges—with tailored support for UAE Nationals’ construction financing under Government housing schemes.

Features

Eligibility Criteria

Applicants must be aged 21–65 (maturity) and UAE residents (nationals or expatriates) with:

Minimum Salary: AED 8,000/month (expats); AED 12,000/month (nationals)
Credit Score: ≥ 541 on Al Etihad Credit Bureau
Debt Ratios: Debt service ratios per Central Bank guidelines
Property Contribution: Minimum down payment per CBUAE (15% nationals; 20% expats)
Government Housing Program: Nationals only, construction purpose

Loan Amount, Tenor & LTV

Loan Amount: Up to AED 15 million (up to 8× annual income for nationals; 7× for expats)
Tenor: Up to 300 months (25 years)
LTV: As per Central Bank regulations (typically up to 85% for nationals; 80% for expats)

Interest Rate Structures

Variable Rate: 1-month or 3-month EIBOR + 1.50%–4.00% (charged on reducing balance)
Hybrid Option: Initial fixed rate 3.50%–6.50% p.a. for a set period, then reverts to EIBOR + 2.00%–4.00% (floor applies)
Rate Determinants: Credit score, property type, salary transfer status, promotional offers

Detailed Schedule of Fees

Fee Type	Charge
Processing Fee	1.00% of loan amount (one-time at disbursement)
Life Insurance	1.00% of loan amount (one-time at disbursement)
Late Payment	AED 200 per delayed installment
Early/Partial Settlement	1.00% of outstanding/prepaid amount or AED 10,000, whichever is lower
Valuation Fee	AED 3,150 per property
Documentation & Study Fee	AED 10,500 (inclusive of VAT)
Cooling-Off Period	5 working days revocation without penalty
Account Statement & NOC	AED 100–150 per document
Other Legal & Enforcement Costs	Actual solicitor-and-client expenses

Documents Required

Passport, Emirates ID, UAE residence visa (expats)
Salary certificate or audited trade license & financial statements (self-employed)
Last 6 months’ bank statements; liability letter
Sales & Purchase Agreement; title deed/Oqood; independent valuation report
Undated post-dated cheques (120% of loan) and promissory note
Life and property insurance proposals naming Invest Bank beneficiary

Additional Info

Flexible Rate Options: Fully variable or hybrid fixed-then-variable structures
High Financing & Long Tenors: Up to AED 15 million and 25 years, with high income multipliers
Transparent, Capped Fees: Flat 1% processing fee and clear prepayment caps
Government Housing Support: Nationals can finance villa construction under housing schemes
Fast Processing: Loan decision within 14 business days upon submission of all documents
No Compound Interest: Interest charged only on the reducing balance
Structured Payment Hierarchy: Cheques and promissory note streamline installment collection
Cooling-Off & Consumer Protection: 5-day revocation, clear disclosure of rights and obligations