Abu Dhabi Real Estate

·        Minimum and Maximum Finance amount: ·        Home Purchase Rs. 500k – Rs. 75 Million ·        Home Renovation Rs. 500k – Rs. 10 Million ·        Balance Transfer Rs. 500k – Rs. 10 Million ·        Construction Finance: Rs. 500k – Rs. 50 Million Early Settlement fess                1% Max AED10.000     Fixed tenure DIB 1-Yr   2.99% 2-Yr 3-Yr 4-Yr 3.24% 5-Yr 3.49%   Follow-on Rate 1.75% + 3M EIBOR 1.85% + 6M EIBOR 1.95% + 12M EIBOR Floor Rate (Post Fixed Period)   3.49% fixed profit rates starting from 2.99%   Key benefits ·        Shari’a Compliant Financing Up to Rs. 75 million* Swift application processing time Affordable and competitive monthly rental Financing up to 70% of your property value Early & Partial settlement options* Tenor rescheduling option* Complimentary Property Takaful Features Home Purchase Home Renovation Purchase of Undivided share of Property Mortgaged by other banks (Balance Transfer) Construction Finance       Documents Requirement:  For self- employed: Copy of primary applicant’s CNIC Copy of Co-partner’s CNIC, if necessary 2 Passport Size Photographs Tax Returns Copy of Utility Bill Professional Degree (for self-employed professionals only) Salary Certificate/Proof of Profession Latest Salary Slip Bank statement of the last 12 months & Bank Certificate   For Salaried Employed: Copy of passport (validity of minimum 6 months before expire). Copy of visa (validity of minimum 6 months before expire). Copy of EID. Salary Certificate. 3 Months Payslip. Latest 6 months bank statement for all transactional accounts.

Min. Salary AED 10,000
Flat Rate
(est. equivalent)
From 2.99% p.a.
Reducing Rate
(est. equivalent)
From 2.99% p.a.
Arrangement Fee 0%
Downpayment 15%
Max Finance Amount AED 0
Fixed/Variable Fixed
Early Settlement Fee 1%
Great for
Be Aware
Main Benefits

Overview of Features

·        Minimum and Maximum Finance amount:

·        Home Purchase Rs. 500k – Rs. 75 Million

·        Home Renovation Rs. 500k – Rs. 10 Million

·        Balance Transfer Rs. 500k – Rs. 10 Million

·        Construction Finance: Rs. 500k – Rs. 50 Million

  • Early Settlement fess                1% Max AED10.000  

 

Fixed tenure

DIB

1-Yr

 

2.99%

2-Yr

3-Yr

4-Yr

3.24%

5-Yr

3.49%

 

Follow-on Rate

1.75% + 3M EIBOR

1.85% + 6M EIBOR

1.95% + 12M EIBOR

Floor Rate (Post Fixed Period)

 

3.49%

    • fixed profit rates starting from 2.99%

  Key benefits

·        Shari’a Compliant

  • Financing Up to Rs. 75 million*
  • Swift application processing time
  • Affordable and competitive monthly rental
  • Financing up to 70% of your property value
  • Early & Partial settlement options*
  • Tenor rescheduling option*
  • Complimentary Property Takaful

Features

  • Home Purchase
  • Home Renovation
  • Purchase of Undivided share of Property Mortgaged by other banks (Balance Transfer)
  • Construction Finance

 

 

 

Documents Requirement:

 For self- employed:

  • Copy of primary applicant’s CNIC
  • Copy of Co-partner’s CNIC, if necessary
  • 2 Passport Size Photographs
  • Tax Returns
  • Copy of Utility Bill
  • Professional Degree (for self-employed professionals only)
  • Salary Certificate/Proof of Profession
  • Latest Salary Slip
  • Bank statement of the last 12 months & Bank Certificate

 

For Salaried Employed:

  • Copy of passport (validity of minimum 6 months before expire).
  • Copy of visa (validity of minimum 6 months before expire).
  • Copy of EID.
  • Salary Certificate.
  • 3 Months Payslip.
  • Latest 6 months bank statement for all transactional accounts.




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