Union National Bank - House Rent Loan

Union National Bank - House Rent Loan

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• Finance repayment period is up to 12 months.
• The minimum salary of the customer should be AED 10,000, if the customer’s employer is listed and in case the employer is not listed, the minimum salary is AED 20,000
• It is not a requirement to transfer your salary to apply.
• The processing fee is 1% of the total finance amount.
• The early settlement fee is 1% of the outstanding amount.
• The insurance fee is 0.5% of loan amount.
• The rate is calculated on a reducing balance. It starts from 9% and will vary depending on customer profile.
• The reducing rate of this finance is 9% and the equivalent flat rate is 4.96%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.
• Maximum Loan Amount: up to 200.000 AED
• Fees and Charges: 1% of the loan amount

  • Minimum Salary: AED 10,000
  • Fixed rate: 4.96%
  • Reducing rate: 9.00%
  • Processing fee: 1%

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