Expats are required to put 25% as down payment for this finance. UAE Nationals are required to put 20% as down payment for this finance.
Finance repayment period of up to 25 years.
You require a minimum salary of AED 15,000 per month to be eligible.
It is not a requirement to transfer your salary to apply.
The processing fee ranges from 1%- 1.40% of the loan amount
The early settlement fee is applied as per UAE Central Bank policy, which is 1% of the outstanding amount (principal + profit) to date, or AED 10,000, whichever is lower.
The Insurance fee is 0.035% per year of property value.
The interest rate starts from 3.49% per annum for 1 year fixed rate or 3.99% for 3 year fixed rate if property is above USD 1 Million.
This rate is variable and is based on EIBOR plus a margin by the bank.
Most ready projects in Abu Dhabi, Dubai & Ras Al Khaimah