Abu Dhabi Real Estate

  Standard Mortgage/ Home Finance   Customer Category Scheme Interest / Profit Rate Floor Rate   Excellency / Emirati Excellency 3 years fixed rate & variable rate thereafter 2.75% for first 3 years,  3M EIBOR + 2.25% thereafter 2.99%   5 years fixed rate & variable rate thereafter 2.99% for first 5 years, 3M EIBOR + 1.99% thereafter 2.99%   Variable rate 3M EIBOR + 1.99% 2.99%   Salary Transfer Customers / Emirati / Privilege 3 years fixed rate & variable rate thereafter 2.99% for first 3 years,3M EIBOR + 2.25% thereafter 2.99%   5 years fixed rate & variable rate thereafter 3.25% for first 5 years,3M EIBOR + 1.99% thereafter 2.99%   Variable rate 3M EIBOR + 1.99% 2.99%   Non-Salary Transfer / Self Employed Customers 3 years fixed rate & variable rate thereafter 3.25% for first 3 years,3M EIBOR + 2.75% thereafter 3.49%     5 years fixed rate & variable rate thereafter 3.49% for first 5 years,3M EIBOR + 2.50% thereafter 3.49%     Variable rate 3M EIBOR + 2.50% 3.49%   Early Settlement Fees • Free up to 30% of the Loan/ Finance outstanding p.a. Beyond that: 1.05% of amount being settled or AED 10,500, whichever is lower. NIL after 7 years of loan on book. • In case there is any pricing revision within the first 7 years of the Loan, the cap on Early Settlement Fees being free up to 30% of the outstanding p.a. and the fees defined thereafter, to apply for 7 years from the date of the new pricing. NIL after 7 years of pricing revision.     Key benefits ·        loan tenure can be reduced by up to 15 years* on a loan term of 25 years ·        up to 90%* savings on interest cost on a 25-year loan term ·        Flexibility and control – a unique loan account linked to a highly flexible interest-bearing bank account. ·        Experienced and dedicated Mortgage Relationship Managers to guide through the entire loan process. ·        Dedicated after-sales mortgage service and helpline. ·        Ability to switch to a different mortgage variant anytime during the loan maturity period. ·        Flexibility to partially settle your mortgage loan anytime.    Features ·        Conventional Finance available ·        Financing up to 85% of property value for UAE Nationals and 80% for Expatriates. ·        Competitive Interest Rates with following structures: Ø  Hybrid Structure - Fixed for initial years and variable thereafter. Ø  Variable Rate Structure - Based on relevant EIBOR + Margin. ·        Repayment tenure of up to 25 years.   Documents Requirement: For self- employed: ·        Valid Passport, Visa & EIDA Card copy ·        Last 6 months bank statements copy for both personal and company accounts ·        Last 2 years audited financial statements copy (For loan value greater than AED 2.5 Million) ·        Valid Trade License copy (If applicable: Memorandum of Association/ Articles of Association / Share Certificates). ·        Details of existing loans/liabilities   For Salaried - employed: ·        Valid Passport, Visa & EIDA Card copy ·        Last 6 months bank statements copy ·        Salary Certificate, issued to ADCB and dated 30 days or less from date of loan application ·        Salary transfer letter (if transferring salary to ADCB) ·        Details of existing loans/liabilities.    

Min. Salary AED 8,000
Flat Rate
(est. equivalent)
From 0% p.a.
Reducing Rate
(est. equivalent)
From 0% p.a.
Arrangement Fee 0.7875%
Downpayment 20%
Max Finance Amount AED 24M
Fixed/Variable Fixed
Early Settlement Fee 1%
Great for
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Main Benefits

Overview of Features

 

Standard Mortgage/ Home Finance

 

Customer Category

Scheme

Interest / Profit Rate

Floor Rate

 

Excellency / Emirati Excellency

3 years fixed rate & variable rate thereafter

2.75% for first 3 years,
 3M EIBOR + 2.25% thereafter

2.99%

 

5 years fixed rate & variable rate thereafter

2.99% for first 5 years,
3M EIBOR + 1.99% thereafter

2.99%

 

Variable rate

3M EIBOR + 1.99%

2.99%

 

Salary Transfer Customers / Emirati / Privilege

3 years fixed rate & variable rate thereafter

2.99% for first 3 years,
3M EIBOR + 2.25% thereafter

2.99%

 

5 years fixed rate & variable rate thereafter

3.25% for first 5 years,
3M EIBOR + 1.99% thereafter

2.99%

 

Variable rate

3M EIBOR + 1.99%

2.99%

 

Non-Salary Transfer / Self Employed Customers

3 years fixed rate & variable rate thereafter

3.25% for first 3 years,
3M EIBOR + 2.75% thereafter

3.49%

 

 

5 years fixed rate & variable rate thereafter

3.49% for first 5 years,
3M EIBOR + 2.50% thereafter

3.49%

 

 

Variable rate

3M EIBOR + 2.50%

3.49%

 

Early Settlement Fees

• Free up to 30% of the Loan/ Finance outstanding p.a. Beyond that: 1.05% of amount being settled or AED 10,500, whichever is lower. NIL after 7 years of loan on book.
• In case there is any pricing revision within the first 7 years of the Loan, the cap on Early Settlement Fees being free up to 30% of the outstanding p.a. and the fees defined thereafter, to apply for 7 years from the date of the new pricing. NIL after 7 years of pricing revision.

 

 

Key benefits

·        loan tenure can be reduced by up to 15 years* on a loan term of 25 years

·        up to 90%* savings on interest cost on a 25-year loan term

·        Flexibility and control – a unique loan account linked to a highly flexible interest-bearing bank account.

·        Experienced and dedicated Mortgage Relationship Managers to guide through the entire loan process.

·        Dedicated after-sales mortgage service and helpline.

·        Ability to switch to a different mortgage variant anytime during the loan maturity period.

·        Flexibility to partially settle your mortgage loan anytime.

 

 Features

·        Conventional Finance available

·        Financing up to 85% of property value for UAE Nationals and 80% for Expatriates.

·        Competitive Interest Rates with following structures:

Ø  Hybrid Structure - Fixed for initial years and variable thereafter.

Ø  Variable Rate Structure - Based on relevant EIBOR + Margin.

·        Repayment tenure of up to 25 years.

 

Documents Requirement:

For self- employed:

·        Valid Passport, Visa & EIDA Card copy

·        Last 6 months bank statements copy for both personal and company accounts

·        Last 2 years audited financial statements copy (For loan value greater than AED 2.5 Million)

·        Valid Trade License copy (If applicable: Memorandum of Association/ Articles of Association / Share Certificates).

·        Details of existing loans/liabilities

 

For Salaried - employed:

·        Valid Passport, Visa & EIDA Card copy

·        Last 6 months bank statements copy

·        Salary Certificate, issued to ADCB and dated 30 days or less from date of loan application

·        Salary transfer letter (if transferring salary to ADCB)

·        Details of existing loans/liabilities.

 

 




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