• 3.75% variable rate (based on the Central bank's 3 month EIBOR plus a bank margin). Free of charge Fire takaful property cover. Life Takaful is mandatory
• The early settlement fee is applied as per UAE Central Bank policy, which is 1% of the outstanding amount (principal + profit) to date, or AED 10,000, whichever is lower. The bank has the discretion to waive any or all of the total outstanding profit
• Maximum loan amount - AED 20,000,000
• Finance repayment period of up to 25 years
• You are required to put 20% or as per central bank regulations
Account required
No
Only for listed companies
No
Down Payment
20%
EMI postponement
No
Nationality
No
Life Insurance/takaful
Yes
Max.finance amount
AED 20,000,000
Maximum Tenure
25Years
Minimum Salary
AED 10,000
New/Transfer/Refinance
No
Processing fee
No
Property location
No
Property status
No
Working status
No
Salary Transfer mandatory
No
Settlement Fee
1% or AED 10,000, whichever is lower
Property Insurance required
No
Property Insurance rate
No
Fixed rate
-
Reducing rate
3.75%
Living status
No
Rate-Dropdown
No
Islamic Finance
Yes
Monthly Payment
AED 0
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