This finance is sharia-compliant. UAE Nationals are required to put 20% as down payment for this finance. The maximum amount of finance offered is AED 15,000,000. You require a minimum salary of AED 8,000 per month to be eligible. It is not a requirement to transfer your salary to apply. However to avail the best rates require the salary is required to be transferred The processing fee is 1% of the total finance amount. However, there is no process fee for balance transfers. The early settlement fee for this finance is 1% of the outstanding amount (principal + profit) to date. The bank has the discretion to waive any or all of the total outstanding profit. Insurance fees are 0.35% of the finance amount. The profit rate starts from 3M EIBOR +1.75% p.a. This rate is variable, based on the Central Bank's 3 month EIBOR rate plus a bank margin. The reducing rate of this finance is 3.99% and the equivalent flat rate is 2.2%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.

Min. Salary | AED 8,000 |

Flat Rate (est. equivalent) |
From 0% p.a. |

Reducing Rate (est. equivalent) |
From 1.75% p.a. |

Arrangement Fee | 1% |

Downpayment | 20% |

Max Finance Amount | AED 15M |

Fixed/Variable | Variable |

Early Settlement Fee | 1% |

There is a low minimum salary requirement

Available to only UAE nationals

- Finance up to AED 15,000,000
- Long repayment tenure

- This finance is sharia-compliant.
- UAE Nationals are required to put 20% as down payment for this finance.
- The maximum amount of finance offered is AED 15,000,000.
- You require a minimum salary of AED 8,000 per month to be eligible.
- It is not a requirement to transfer your salary to apply. However to avail the best rates require the salary is required to be transferred
- The processing fee is 1% of the total finance amount. However, there is no process fee for balance transfers.
- The early settlement fee for this finance is 1% of the outstanding amount (principal + profit) to date. The bank has the discretion to waive any or all of the total outstanding profit.
- Insurance fees are 0.35% of the finance amount.
- The profit rate starts from 3M EIBOR +1.75% p.a.
- This rate is variable, based on the Central Bank's 3 month EIBOR rate plus a bank margin.
- The reducing rate of this finance is 3.99% and the equivalent flat rate is 2.2%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.