Abu Dhabi Real Estate

  This is an islamic product You require to put a downpayment of 50% for this product 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 There is no arrangement fee 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 from 6 % to 8% 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 The reducing rate of this finance is 6% and the equivalent flat rate is 3.31%. 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 3.31% p.a.
Reducing Rate
(est. equivalent)
From 6% p.a.
Arrangement Fee 0%
Downpayment 50%
Max Finance Amount AED 10M
Fixed/Variable Variable
Early Settlement Fee 1%
Great for
Takaful is paid by the bank
Long repayment period
Be Aware
High minimum salary requirement to apply for this loan
Main Benefits

  • With Al Hilal Bank Switch Over product, ‎you can move your existing Home ‎Loan / Finance with any other Financial ‎Institution to Al Hilal Bank. The bank will purchase ‎the property and lease it back to you through ‎Ijarah contract for an agreed time period.‎

Overview of Features

 
  • This is an islamic product
  • You require to put a downpayment of 50% for this product
  • 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
  • There is no arrangement fee
  • 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 from 6 % to 8% 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
  • The reducing rate of this finance is 6% and the equivalent flat rate is 3.31%. 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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