ou are required to put 25% as down payment for this finance. Finance period up to 10 years You are required to have a monthly income of AED 75,000 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 customers is 1% of the finance amount. Privilege Club members pay 0.75% of finance amount and Excellency Customers pay 0.50% of finance amount. The early settlement fee is 1% of the outstanding loan amount, if settlement is made after the fixed rate term is over. Otherwise, the fee is 3% of outstanding loan amount. Life insurance fees are 0.0275% of the outstanding loan amount per month. Property insurance fees are 0.040% per annum of property’s original value. The rate is calculated on a reducing balance. The interest rate starts at 5.25% fixed for the first 2 years or 5.49% fixed for 5 years. Thereafter, the rate is calculated on a retail base rate (RBR) based on Central Bank's 6 month EIBOR plus a margin of 2.75% applied for the rest of the loan period. The reducing rate of this finance starts from 5.25% and the equivalent flat rate is 2.89%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only. Finance is offered for ready and under construction properties.

Min. Salary | AED 75,000 |

Flat Rate (est. equivalent) |
From 2.89% p.a. |

Reducing Rate (est. equivalent) |
From 5.25% p.a. |

Arrangement Fee | 1% |

Downpayment | 25% |

Max Finance Amount | AED 25M |

Fixed/Variable | Fixed |

Early Settlement Fee | 1% |

Long repayment tenure

- Withdraw money for any purpose - as and when needed
- Interest levied only when you withdraw funds.

- ou are required to put 25% as down payment for this finance.
- Finance period up to 10 years
- You are required to have a monthly income of AED 75,000 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 customers is 1% of the finance amount. Privilege Club members pay 0.75% of finance amount and Excellency Customers pay 0.50% of finance amount.
- The early settlement fee is 1% of the outstanding loan amount, if settlement is made after the fixed rate term is over. Otherwise, the fee is 3% of outstanding loan amount.
- Life insurance fees are 0.0275% of the outstanding loan amount per month. Property insurance fees are 0.040% per annum of property’s original value.
- The rate is calculated on a reducing balance.
- The interest rate starts at 5.25% fixed for the first 2 years or 5.49% fixed for 5 years. Thereafter, the rate is calculated on a retail base rate (RBR) based on Central Bank's 6 month EIBOR plus a margin of 2.75% applied for the rest of the loan period.
- The reducing rate of this finance starts from 5.25% and the equivalent flat rate is 2.89%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.
- Finance is offered for ready and under construction properties.