Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 5.49% fixed for 3 years

Flat Rate: 3.36% p.a.

Pre-Approval Fees: Nil

Processing Fees: 0% of finance amount (Nil for Buyout Cases/ 1% for low doc case and equity release)

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

Partial Settlement Fees: Up to 25% of outstanding amount (once a year)

 

Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 Months

Salary Transfer: Not Compulsory

Minimum Down payment:

• For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
• For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
• For second property: 35% for UAE national, 40% for Expats
• For under construction property: 50%

 

*Fee Financing Available

 

Key Details:

Maximum Finance Amount: AED 18,000,000

Islamic Finance: Yes, available

Maximum Term: 25 Years

Finance available for: Ready properties in Dubai, Abu Dhabi

 

Insurance (Compulsory):

Life Insurance: 0.165% p.a.

Property Insurance: 0.06% p.a.