This is an islamic product The downpayment varies from 25% to 35% subject to Property Value. The maximum finance amount is AED 10 Million subject to annual income multiples. You require a minimum salary of AED 15,000 per month to be eligible It is not a requirement to transfer your salary to apply 1% of the finance amount [Min AED 5000; Max AED 30000] The Early Purchase Fee is Total outstanding of Fixed Element; plus 1% of the total outstanding of the Fixed Element or AED 10,000 whichever is less Property Takaful is paid by the bank The Fixed Profit rate varies from 3.5% onwards offered to customers for 1st year and 2nd year onwards the profit rate varies from 4% to 4.75% based on EIBOR. The rate is calculated on a reducing basis This rate is variable and is based on EIBOR plus a margin by the bank after 2 years. The reducing rate of this finance is 3.5% and the equivalent flat rate is 1.93%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only Al Hilal Bank approved list of Developers & Projects for Abu Dhabi and Ready property with Title Deed for Dubai
| Min. Salary | AED 15,000 |
| Flat Rate (est. equivalent) |
From 1.93% p.a. |
| Reducing Rate (est. equivalent) |
From 3.5% p.a. |
| Arrangement Fee | 1% |
| Downpayment | 25% |
| Max Finance Amount | AED 10M |
| Fixed/Variable | Fixed |
| Early Settlement Fee | 1% |
