⚡ Abu Dhabi Commercial Bank Adcb Mortgage Home Saver

You are required to put 25% as down payment for this finance. The maximum amount of finance offered is AED 25,000,000 You are required to have a monthly income of AED 40,000 to be eligible for this finance. It is not a requirement to transfer your income to the bank to apply for this finance. The processing fee for Aspire, Privilege Club, and Excellency customers is 1.05% of the finance amount. The early settlement fee for this finance is 3.15% of the outstanding amount (principal + profit) to date. Life insurance fees are 0.0525% of the outstanding loan amount per month. Property insurance fees are 0.042% per annum of property’s original value. Assignment fee is AED 5,250 The rate is calculated on a reducing balance. The interest rate starts at 4.49% fixed for the first 2 years. Thereafter, the rate is calculated on a retail base rate (RBR) based on Central Bank's 6 month EIBOR plus a margin of 3.5% applied for the rest of the loan period. The reducing rate of this finance starts from 4.49% and the equivalent flat rate is 2.35%. The calculation used is a division of the reducing rate by 1.91 and this is indicative only. Finance is offered only for regular residential mortgages and ready properties

Min. Salary	AED 40,000
Flat Rate (est. equivalent)	From 2.35% p.a.
Reducing Rate (est. equivalent)	From 4.49% p.a.
Arrangement Fee	1.05%

Downpayment	25%
Max Finance Amount	AED 25M
Fixed/Variable	Fixed Then Variable
Early Settlement Fee	3.15%

Great for

High finance amounts
Own your home faster with reduced tenure periods

Be Aware

There is a minimum income requirement
You are required to have a current account with the bank

Main Benefits

Loan tenure can be reduced by up to 15 years on a loan term of 25 years
More savings on interest cost
A unique loan account linked to a highly flexible interest bearing bank account
4% interest gained on home saver bank account

Overview of Features

You are required to put 25% as down payment for this finance.
The maximum amount of finance offered is AED 25,000,000
You are required to have a monthly income of AED 40,000 to be eligible for this finance.
It is not a requirement to transfer your income to the bank to apply for this finance.
The processing fee for Aspire, Privilege Club, and Excellency customers is 1.05% of the finance amount.
The early settlement fee for this finance is 3.15% of the outstanding amount (principal + profit) to date.
Life insurance fees are 0.0525% of the outstanding loan amount per month. Property insurance fees are 0.042% per annum of property’s original value. Assignment fee is AED 5,250
The rate is calculated on a reducing balance.
The interest rate starts at 4.49% fixed for the first 2 years. Thereafter, the rate is calculated on a retail base rate (RBR) based on Central Bank's 6 month EIBOR plus a margin of 3.5% applied for the rest of the loan period.
The reducing rate of this finance starts from 4.49% and the equivalent flat rate is 2.35%. The calculation used is a division of the reducing rate by 1.91 and this is indicative only.
Finance is offered only for regular residential mortgages and ready properties