Minimum Salary
15.000,00 د.إ
Flat Rate
AED 2.74%
Reducing Rate
4.6 %
Maximum Term
25 Years
Monthly Payment
AED 4,211
Your current account and your home loan are linked together, with interest calculated on the difference between your loan balance and the money in your account. So you’ll take years off your mortgage and pay less interest as compared to a traditional home loan.
Major Advantage: Interest savings, Flexibility to withdraw funds at any time
Interest Rates & Charges:
Reducing Rate (as advertised): Starting from 4.60%
Processing Fees: 0.26%
Property valuation Fees: Up to AED 3,000
Early Settlement Fees: 0.525% of outstanding Loan or AED10,000 (whichever is lower) within 5 years, zero fee after 5 years.
Partial Settlement Fees: 1.05% of settlement amount within 5 years, zero fee after 5 years.
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months for salaried; 2 Years for Self Employed
Salary Transfer: Not Compulsory
Minimum Down payment:
Key Details:
Maximum Finance Amount: AED 18 million
Islamic Finance: Yes
Maximum Term: 25 Years
Finance available for: Almost all ready properties in Dubai, Abu Dhabi & Ras Al Khaimah and Under Construction properties to selected developer and segments
Insurance:
Life Insurance: Optional
Property Insurance: 0.0483% p.a. (on property value)
Common Documents:
Salaried Client Documents:
Self-Employed Client Documents:
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