Down payment is as per UAE Central Bank regulations. The maximum loan amount is up to 80% of property value; Finance repayment period of up to 25 years. You require a minimum salary of AED 25,000 per month to be eligible. It is not a requirement to transfer your salary to apply. The processing fee is 1% of the loan amount for new loan and 0.5% for buy-outs. The early settlement fee is 1% of the outstanding loan amount, up to AED 10,000. The variable rate starts from 4.5% for 1 year, and subsequently 12 months EIBOR + bank margin with a minimum rate of 4% p.a. The variable rate starts from 4.5% for 1 year, and subsequently 12 months EIBOR + bank margin with a minimum rate of 4% p.a. The reducing rate of this finance is 4.5% and the equivalent flat rate is 2.58%. The calculation used is a division of the reducing rate by 1.74 and this is indicative only.
| Min. Salary | AED 25,000 |
| Flat Rate (est. equivalent) |
From 2.58% p.a. |
| Reducing Rate (est. equivalent) |
From 4.5% p.a. |
| Arrangement Fee | 1% |
| Downpayment | 20% |
| Max Finance Amount | AED 10M |
| Fixed/Variable | Variable |
| Early Settlement Fee | 1% |
