Abu Dhabi Real Estate

  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 0%
Downpayment 25%
Max Finance Amount AED 10M
Fixed/Variable Variable
Early Settlement Fee 1%
Great for
Finance for many approved properties
Be Aware
High minimum salary requirement to apply for this loan
Main Benefits

  • Al Hilal Bank Refinance product is designed ‎to let you make the best use of your own ‎equity. If you own a property fully and want ‎to use it for your other financial ‎commitments, under Refinance, the bank will buy ‎the property from you and lease it to you ‎through Ijarah contract for an agreed time ‎period.‎

Overview of Features

 
  • 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




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