· 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% |
· 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
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%
· Shari’a Compliant
Documents Requirement:
For self- employed:
For Salaried Employed: