Abu Dhabi Real Estate

  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%
Great for
High finance amounts
Long repayment tenure
Be Aware
Main Benefits

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

Overview of Features

 
  • 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.




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