The down payment is approximately 20%
Finance repayment period of up to 25 years.
You require a minimum salary of AED 12,000 per month to be eligible.
It is not a requirement to transfer your salary to apply but there is an interest rate discount if you transfer your salary.
The processing fees is 1% of the finance amount. Processing fees are 0% on Buyouts
The early settlement fee is 1% of the remaining balance or AED 10,000 which ever is lower (Buyout), and 1% of remaining balance (from the same bank).
Life (0.033) and Property (0.04) Insurance are mandatory to avail this finance.
The reducing rate starts at 3.54
The reducing rate of this finance is 3.54% and the equivalent flat rate is 2.18%. The calculation used is a division of the reducing rate by 1.623 and this is indicative only.
Invest in plots of land and farms for UAE Nationals only