⚡ Abu Dhabi Finance1 Adf Essence Step Up Fixed Home Loan

You are required to put a downpayment of 20% if you are a UAE national and 25% if you are a UAE Resident; if you are First House or Owner Occupied - 20% to 35% Second House or Investment Property - 35% to 40% The maximum loan amount depends on each applicant’s financial eligibility and is subject to UAE Central Bank regulations. To be eligible, you require a minimum salary of AED 40,000 per month. It is not a requirement to transfer your salary to apply The processing fee is 1% of loan amount for new purchases. In case of fixed rates the early settlement fee is 2% of the outstanding balance at the date of repayment during the fixed interest rate period. Following the seventh anniversary of the Drawdown Date: ERC for buy-out: 0.5% of the outstanding balance of the Loan or AED 5,000 (whichever is lower), No ERC is payable if early payment is made through sale of mortgaged property or from borrower’s own resources. Insurance is provided but it is dependent on customer age; salary; health. Insurance is mandatory for villas and town houses The interest rate with fixed margin starts at 3.81% for 1st year and 4.41% for 2nd year. Thereafter it is a variable rate linked to a 3 months EIBOR rate plus a margin applicable by ADF. This is a two year step-up rate with fixed bank margin. Thereafter it is a variable rate based on the Central Bank's 3 months EIBOR rate plus a margin applicable by ADF. The reducing rate of this finance starts at 3.81% and the equivalent flat rate is 2.1%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only. Wide range of properties from our approved list of developers and developments across Abu Dhabi and Dubai

Min. Salary	AED 40,000
Flat Rate (est. equivalent)	From 2.1% p.a.
Reducing Rate (est. equivalent)	From 3.81% p.a.
Arrangement Fee	1%

Downpayment	25%
Max Finance Amount	AED 0
Fixed/Variable	Fixed
Early Settlement Fee	2%

Great for

Long repayment period
Option to choose a rate with fixed bank margin

Be Aware

High minimum salary requirement to apply for this loan
There is a down payment requirement

Main Benefits

No up-front Application fee, partial Settlement of up to 20% per year free of charge, Annual Payment Holiday starting in the second year of the loan free of charge.

Overview of Features

You are required to put a downpayment of 20% if you are a UAE national and 25% if you are a UAE Resident; if you are First House or Owner Occupied - 20% to 35% Second House or Investment Property - 35% to 40%
The maximum loan amount depends on each applicant’s financial eligibility and is subject to UAE Central Bank regulations.
To be eligible, you require a minimum salary of AED 40,000 per month.
It is not a requirement to transfer your salary to apply
The processing fee is 1% of loan amount for new purchases.
In case of fixed rates the early settlement fee is 2% of the outstanding balance at the date of repayment during the fixed interest rate period. Following the seventh anniversary of the Drawdown Date: ERC for buy-out: 0.5% of the outstanding balance of the Loan or AED 5,000 (whichever is lower), No ERC is payable if early payment is made through sale of mortgaged property or from borrower’s own resources.
Insurance is provided but it is dependent on customer age; salary; health. Insurance is mandatory for villas and town houses
The interest rate with fixed margin starts at 3.81% for 1st year and 4.41% for 2nd year. Thereafter it is a variable rate linked to a 3 months EIBOR rate plus a margin applicable by ADF.
This is a two year step-up rate with fixed bank margin. Thereafter it is a variable rate based on the Central Bank's 3 months EIBOR rate plus a margin applicable by ADF.
The reducing rate of this finance starts at 3.81% and the equivalent flat rate is 2.1%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.
Wide range of properties from our approved list of developers and developments across Abu Dhabi and Dubai