Profit Rates & Charges:

Reducing Rate (as advertised): 6.49% fixed for 3 years

Flat Rate: 4.10% p.a.

Pre-Approval Fees: 1,050

Processing Fees: 1% of finance amount + Vat

Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)

Partial Settlement Fees: No penatly up to 25% of outstanding amount (once a year)

 

Requirements:

Minimum Average Balance Requirement: AED 25,000 balance in Personal account

Minimum Down payment Required: 50%

 

Key Details:

Maximum Finance Amount: AED 10,000,000

Islamic Finance: Yes

Maximum Term: 25 Years

Finance available for: Ready properties in Dubai, Abu Dhabi

 

Takaful (Compulsory):

Life Takaful: 0.165% p.a.

Property Takaful: 0.06% p.a.