Best Mortgage Rates in UAE For Self Employed
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ADIB Bank Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeIslamic
- Maximum Term 25 Years
- 2 Years4.69%
- 3 Years4.69%
- 5 Years6.69%
- Fixed Period
- Interest Rate
Got your eyes on a property or thinking of building your dream home? ADIB Home Finance makes your dream home a reality. Major Advantage: Low salary requirement, Free property takaful Major Concern: Salary transfer requires for better rates.
Main Features / Benefits
Main Benefits:
- Free property insurance
- Lower profit rates on Salary Transfer
Profit Rates & Charges:
Reducing Rate (as advertised): Starting from 4.44% p.a. (On salary transfer)
Flat Rate: 2.63%* p.a. (as per 25 years calculation)
Processing Fees:
- Nil for developer payments
- 0.5% for resale transaction
- Nil for buyout transaction
Property valuation Fees: AED 2,625
Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)
Partial Settlement Fees: Up to 30% annually is allowed without any charge
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months or confirmation for salaried; 3 Years for Self Employed
Salary Transfer: Not Compulsory
Minimum Down payment:
- For first property (If property price < AED 5M): 20%
- For first property (If property price > AED 5M): 30%
- For second property: 40%
Key Details:
Maximum Finance Amount: AED 15,000,000
Islamic Finance: Yes
Maximum Term: 25 Years
Finance available for: Any ready property in Dubai, Abu Dhabi & Sharjah with title deed.
Takaful:
Life Takaful: 0.02% per month
Property Takaful: Free for entire tenure
ADCB Bank Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeIslamic
- Maximum Term 25 Years
- 2 Years4.99%
- 3 Years4.75%
- 5 Years4.75%
- Fixed Period
- Interest Rate
Got your eyes on a property or thinking of building your dream home? ADIB Home Finance makes your dream home a reality. Major Advantage: Low salary requirement, Free property takaful Major Concern: Salary transfer requires for better rates.
Main Features / Benefits
Main Benefits:
- Free property insurance
- Lower profit rates on Salary Transfer
Profit Rates & Charges:
Reducing Rate (as advertised): Starting from 4.44% p.a. (On salary transfer)
Flat Rate: 2.63%* p.a. (as per 25 years calculation)
Processing Fees:
- Nil for developer payments
- 0.5% for resale transaction
- Nil for buyout transaction
Property valuation Fees: AED 2,625
Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)
Partial Settlement Fees: Up to 30% annually is allowed without any charge
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months or confirmation for salaried; 3 Years for Self Employed
Salary Transfer: Not Compulsory
Minimum Down payment:
- For first property (If property price < AED 5M): 20%
- For first property (If property price > AED 5M): 30%
- For second property: 40%
Key Details:
Maximum Finance Amount: AED 15,000,000
Islamic Finance: Yes
Maximum Term: 25 Years
Finance available for: Any ready property in Dubai, Abu Dhabi & Sharjah with title deed.
Takaful:
Life Takaful: 0.02% per month
Property Takaful: Free for entire tenure
Arab Bank Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeConventional
- Maximum Term 25 Years
- 2 Years4.90%
- 3 Years4.99%
- 5 Years4.99%
- Fixed Period
- Interest Rate
Got your eyes on a property or thinking of building your dream home? ADIB Home Finance makes your dream home a reality. Major Advantage: Low salary requirement, Free property takaful Major Concern: Salary transfer requires for better rates.
Main Features / Benefits
Main Benefits:
- Free property insurance
- Lower profit rates on Salary Transfer
Profit Rates & Charges:
Reducing Rate (as advertised): Starting from 4.44% p.a. (On salary transfer)
Flat Rate: 2.63%* p.a. (as per 25 years calculation)
Processing Fees:
- Nil for developer payments
- 0.5% for resale transaction
- Nil for buyout transaction
Property valuation Fees: AED 2,625
Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)
Partial Settlement Fees: Up to 30% annually is allowed without any charge
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months or confirmation for salaried; 3 Years for Self Employed
Salary Transfer: Not Compulsory
Minimum Down payment:
- For first property (If property price < AED 5M): 20%
- For first property (If property price > AED 5M): 30%
- For second property: 40%
Key Details:
Maximum Finance Amount: AED 15,000,000
Islamic Finance: Yes
Maximum Term: 25 Years
Finance available for: Any ready property in Dubai, Abu Dhabi & Sharjah with title deed.
Takaful:
Life Takaful: 0.02% per month
Property Takaful: Free for entire tenure
Commercial Bank of Dubai Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeConventional/Islamic
- Maximum Term 25 Years
- 2 Years5.65%
- 3 Years5.14%
- 5 Years5.14%
- Fixed Period
- Interest Rate
Got your eyes on a property or thinking of building your dream home? ADIB Home Finance makes your dream home a reality. Major Advantage: Low salary requirement, Free property takaful Major Concern: Salary transfer requires for better rates.
Main Features / Benefits
Main Benefits:
- Free property insurance
- Lower profit rates on Salary Transfer
Profit Rates & Charges:
Reducing Rate (as advertised): Starting from 4.44% p.a. (On salary transfer)
Flat Rate: 2.63%* p.a. (as per 25 years calculation)
Processing Fees:
- Nil for developer payments
- 0.5% for resale transaction
- Nil for buyout transaction
Property valuation Fees: AED 2,625
Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)
Partial Settlement Fees: Up to 30% annually is allowed without any charge
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months or confirmation for salaried; 3 Years for Self Employed
Salary Transfer: Not Compulsory
Minimum Down payment:
- For first property (If property price < AED 5M): 20%
- For first property (If property price > AED 5M): 30%
- For second property: 40%
Key Details:
Maximum Finance Amount: AED 15,000,000
Islamic Finance: Yes
Maximum Term: 25 Years
Finance available for: Any ready property in Dubai, Abu Dhabi & Sharjah with title deed.
Takaful:
Life Takaful: 0.02% per month
Property Takaful: Free for entire tenure
Emirates Islamic Bank Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeIslamic
- Maximum Term 25 Years
- 2 Years4.59%
- 3 Years4.69%
- 5 Years4.79%
- Fixed Period
- Interest Rate
Got your eyes on a property or thinking of building your dream home? ADIB Home Finance makes your dream home a reality. Major Advantage: Low salary requirement, Free property takaful Major Concern: Salary transfer requires for better rates.
Main Features / Benefits
Main Benefits:
- Free property insurance
- Lower profit rates on Salary Transfer
Profit Rates & Charges:
Reducing Rate (as advertised): Starting from 4.44% p.a. (On salary transfer)
Flat Rate: 2.63%* p.a. (as per 25 years calculation)
Processing Fees:
- Nil for developer payments
- 0.5% for resale transaction
- Nil for buyout transaction
Property valuation Fees: AED 2,625
Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)
Partial Settlement Fees: Up to 30% annually is allowed without any charge
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months or confirmation for salaried; 3 Years for Self Employed
Salary Transfer: Not Compulsory
Minimum Down payment:
- For first property (If property price < AED 5M): 20%
- For first property (If property price > AED 5M): 30%
- For second property: 40%
Key Details:
Maximum Finance Amount: AED 15,000,000
Islamic Finance: Yes
Maximum Term: 25 Years
Finance available for: Any ready property in Dubai, Abu Dhabi & Sharjah with title deed.
Takaful:
Life Takaful: 0.02% per month
Property Takaful: Free for entire tenure
Emirates NBD Bank Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeConventional
- Maximum Term 25 Years
- 2 Years5.99%
- 3 Years5.99%
- 5 Years5.99%
- Fixed Period
- Interest Rate
Got your eyes on a property or thinking of building your dream home? ADIB Home Finance makes your dream home a reality. Major Advantage: Low salary requirement, Free property takaful Major Concern: Salary transfer requires for better rates.
Main Features / Benefits
Main Benefits:
- Free property insurance
- Lower profit rates on Salary Transfer
Profit Rates & Charges:
Reducing Rate (as advertised): Starting from 4.44% p.a. (On salary transfer)
Flat Rate: 2.63%* p.a. (as per 25 years calculation)
Processing Fees:
- Nil for developer payments
- 0.5% for resale transaction
- Nil for buyout transaction
Property valuation Fees: AED 2,625
Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)
Partial Settlement Fees: Up to 30% annually is allowed without any charge
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months or confirmation for salaried; 3 Years for Self Employed
Salary Transfer: Not Compulsory
Minimum Down payment:
- For first property (If property price < AED 5M): 20%
- For first property (If property price > AED 5M): 30%
- For second property: 40%
Key Details:
Maximum Finance Amount: AED 15,000,000
Islamic Finance: Yes
Maximum Term: 25 Years
Finance available for: Any ready property in Dubai, Abu Dhabi & Sharjah with title deed.
Takaful:
Life Takaful: 0.02% per month
Property Takaful: Free for entire tenure
FAB Bank Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeConventional/Islamic
- Maximum Term 25 Years
- 2 Years5.24%
- 3 Years5.24%
- 5 Years5.24%
- Fixed Period
- Interest Rate
Got your eyes on a property or thinking of building your dream home? ADIB Home Finance makes your dream home a reality. Major Advantage: Low salary requirement, Free property takaful Major Concern: Salary transfer requires for better rates.
Main Features / Benefits
Main Benefits:
- Free property insurance
- Lower profit rates on Salary Transfer
Profit Rates & Charges:
Reducing Rate (as advertised): Starting from 4.44% p.a. (On salary transfer)
Flat Rate: 2.63%* p.a. (as per 25 years calculation)
Processing Fees:
- Nil for developer payments
- 0.5% for resale transaction
- Nil for buyout transaction
Property valuation Fees: AED 2,625
Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)
Partial Settlement Fees: Up to 30% annually is allowed without any charge
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months or confirmation for salaried; 3 Years for Self Employed
Salary Transfer: Not Compulsory
Minimum Down payment:
- For first property (If property price < AED 5M): 20%
- For first property (If property price > AED 5M): 30%
- For second property: 40%
Key Details:
Maximum Finance Amount: AED 15,000,000
Islamic Finance: Yes
Maximum Term: 25 Years
Finance available for: Any ready property in Dubai, Abu Dhabi & Sharjah with title deed.
Takaful:
Life Takaful: 0.02% per month
Property Takaful: Free for entire tenure
HSBC Bank Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeConventional
- Maximum Term 25 Years
- 2 Years5.15%
- 3 Years4.99%
- 5 Years5.25%
- Fixed Period
- Interest Rate
Got your eyes on a property or thinking of building your dream home? ADIB Home Finance makes your dream home a reality. Major Advantage: Low salary requirement, Free property takaful Major Concern: Salary transfer requires for better rates.
Main Features / Benefits
Main Benefits:
- Free property insurance
- Lower profit rates on Salary Transfer
Profit Rates & Charges:
Reducing Rate (as advertised): Starting from 4.44% p.a. (On salary transfer)
Flat Rate: 2.63%* p.a. (as per 25 years calculation)
Processing Fees:
- Nil for developer payments
- 0.5% for resale transaction
- Nil for buyout transaction
Property valuation Fees: AED 2,625
Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)
Partial Settlement Fees: Up to 30% annually is allowed without any charge
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months or confirmation for salaried; 3 Years for Self Employed
Salary Transfer: Not Compulsory
Minimum Down payment:
- For first property (If property price < AED 5M): 20%
- For first property (If property price > AED 5M): 30%
- For second property: 40%
Key Details:
Maximum Finance Amount: AED 15,000,000
Islamic Finance: Yes
Maximum Term: 25 Years
Finance available for: Any ready property in Dubai, Abu Dhabi & Sharjah with title deed.
Takaful:
Life Takaful: 0.02% per month
Property Takaful: Free for entire tenure
Mashreq Bank Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeConventional/Islamic
- Maximum Term 25 Years
- 2 Years5.1%
- 3 Years5.1%
- 5 Years5.1%
- Fixed Period
- Interest Rate
Got your eyes on a property or thinking of building your dream home? ADIB Home Finance makes your dream home a reality. Major Advantage: Low salary requirement, Free property takaful Major Concern: Salary transfer requires for better rates.
Main Features / Benefits
Main Benefits:
- Free property insurance
- Lower profit rates on Salary Transfer
Profit Rates & Charges:
Reducing Rate (as advertised): Starting from 4.44% p.a. (On salary transfer)
Flat Rate: 2.63%* p.a. (as per 25 years calculation)
Processing Fees:
- Nil for developer payments
- 0.5% for resale transaction
- Nil for buyout transaction
Property valuation Fees: AED 2,625
Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)
Partial Settlement Fees: Up to 30% annually is allowed without any charge
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months or confirmation for salaried; 3 Years for Self Employed
Salary Transfer: Not Compulsory
Minimum Down payment:
- For first property (If property price < AED 5M): 20%
- For first property (If property price > AED 5M): 30%
- For second property: 40%
Key Details:
Maximum Finance Amount: AED 15,000,000
Islamic Finance: Yes
Maximum Term: 25 Years
Finance available for: Any ready property in Dubai, Abu Dhabi & Sharjah with title deed.
Takaful:
Life Takaful: 0.02% per month
Property Takaful: Free for entire tenure
National Bank of Fujairah Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeConventional/Islamic
- Maximum Term 25 Years
- 2 Years5.1%
- 3 Years5.1%
- 5 Years5.1%
- Fixed Period
- Interest Rate
Got your eyes on a property or thinking of building your dream home? ADIB Home Finance makes your dream home a reality. Major Advantage: Low salary requirement, Free property takaful Major Concern: Salary transfer requires for better rates.
Main Features / Benefits
Main Benefits:
- Free property insurance
- Lower profit rates on Salary Transfer
Profit Rates & Charges:
Reducing Rate (as advertised): Starting from 4.44% p.a. (On salary transfer)
Flat Rate: 2.63%* p.a. (as per 25 years calculation)
Processing Fees:
- Nil for developer payments
- 0.5% for resale transaction
- Nil for buyout transaction
Property valuation Fees: AED 2,625
Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)
Partial Settlement Fees: Up to 30% annually is allowed without any charge
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months or confirmation for salaried; 3 Years for Self Employed
Salary Transfer: Not Compulsory
Minimum Down payment:
- For first property (If property price < AED 5M): 20%
- For first property (If property price > AED 5M): 30%
- For second property: 40%
Key Details:
Maximum Finance Amount: AED 15,000,000
Islamic Finance: Yes
Maximum Term: 25 Years
Finance available for: Any ready property in Dubai, Abu Dhabi & Sharjah with title deed.
Takaful:
Life Takaful: 0.02% per month
Property Takaful: Free for entire tenure
RAK Bank Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeIslamic
- Maximum Term 25 Years
- 2 Years5.49%
- 3 Years5.49%
- 5 Years5.49%
- Fixed Period
- Interest Rate
Got your eyes on a property or thinking of building your dream home? ADIB Home Finance makes your dream home a reality. Major Advantage: Low salary requirement, Free property takaful Major Concern: Salary transfer requires for better rates.
Main Features / Benefits
Main Benefits:
- Free property insurance
- Lower profit rates on Salary Transfer
Profit Rates & Charges:
Reducing Rate (as advertised): Starting from 4.44% p.a. (On salary transfer)
Flat Rate: 2.63%* p.a. (as per 25 years calculation)
Processing Fees:
- Nil for developer payments
- 0.5% for resale transaction
- Nil for buyout transaction
Property valuation Fees: AED 2,625
Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)
Partial Settlement Fees: Up to 30% annually is allowed without any charge
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months or confirmation for salaried; 3 Years for Self Employed
Salary Transfer: Not Compulsory
Minimum Down payment:
- For first property (If property price < AED 5M): 20%
- For first property (If property price > AED 5M): 30%
- For second property: 40%
Key Details:
Maximum Finance Amount: AED 15,000,000
Islamic Finance: Yes
Maximum Term: 25 Years
Finance available for: Any ready property in Dubai, Abu Dhabi & Sharjah with title deed.
Takaful:
Life Takaful: 0.02% per month
Property Takaful: Free for entire tenure
Standard Chartered Bank Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeConventional/Islamic
- Maximum Term 25 Years
- 2 Years 6.50%
- 3 Years4.99%
- 5 Years4.70%
- Fixed Period
- Interest Rate
Home Loan for Expatriates. Eyeing a property in Dubai or Abu Dhabi? This is the perfect home loan package for you Major Advantage: High finance amount, Fixed rate options also available Major Concern: High Minimum salary requirement
Main Features / Benefits
Interest Rates & Charges:
Reducing Rate (as advertised): 4.99% p.a.
Flat Rate*: 3.10% p.a. (Approximate calculation as per 25 years tenure)
Processing Fees:
| No Salary Transfer | Salary Transfer/ Buyout | All Other Segment | |
| If Choosing 3 Year Fixed Rate | 1% | 0.75% | 1% |
| If Choosing 5 Year Fixed Rate | 0.75% | 0.50% | 1% |
| If Choosing Variable Rate | Nil | ||
Property valuation Fees: AED 3,000 + Vat (Refundable if taking variable rate)
Early Settlement Fees: 1% of outstanding Loan or AED10,000 (whichever is lower)
Partial Settlement: 20% of the outstanding free
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months for salaried; 2 Years for self-employed
Salary Transfer: Required for some rate options
Minimum Down-payment:
- For first property (If property price < AED 5M): 20% for Expats
- For first property (If property price > AED 5M): 30% for Expats
- For second property: 40% for Expats
Key Details:
Maximum Finance Amount: AED 25,000,000
Islamic Finance: No
Maximum Term: 25 years
Finance available for: All properties with title deed in Dubai, Abu Dhabi
Insurance (Compulsory):
Life Insurance: 0.016% per month
Property Insurance: 0.12% p.a. (on property value)
United Arab Bank Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeConventional/Islamic
- Maximum Term 25 Years
- 2 Years 4.99%
- 3 Years4.99%
- 5 Years5.24%
- Fixed Period
- Interest Rate
Home Loan for Expatriates. Eyeing a property in Dubai or Abu Dhabi? This is the perfect home loan package for you Major Advantage: High finance amount, Fixed rate options also available Major Concern: High Minimum salary requirement
Main Features / Benefits
Interest Rates & Charges:
Reducing Rate (as advertised): 4.99% p.a.
Flat Rate*: 3.10% p.a. (Approximate calculation as per 25 years tenure)
Processing Fees:
| No Salary Transfer | Salary Transfer/ Buyout | All Other Segment | |
| If Choosing 3 Year Fixed Rate | 1% | 0.75% | 1% |
| If Choosing 5 Year Fixed Rate | 0.75% | 0.50% | 1% |
| If Choosing Variable Rate | Nil | ||
Property valuation Fees: AED 3,000 + Vat (Refundable if taking variable rate)
Early Settlement Fees: 1% of outstanding Loan or AED10,000 (whichever is lower)
Partial Settlement: 20% of the outstanding free
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months for salaried; 2 Years for self-employed
Salary Transfer: Required for some rate options
Minimum Down-payment:
- For first property (If property price < AED 5M): 20% for Expats
- For first property (If property price > AED 5M): 30% for Expats
- For second property: 40% for Expats
Key Details:
Maximum Finance Amount: AED 25,000,000
Islamic Finance: No
Maximum Term: 25 years
Finance available for: All properties with title deed in Dubai, Abu Dhabi
Insurance (Compulsory):
Life Insurance: 0.016% per month
Property Insurance: 0.12% p.a. (on property value)
Bank of Baroda Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeConventional
- Maximum Term 25 Years
- 2 Years 4.8%
- 3 Years5.2%
- 5 Years5.1%
- Fixed Period
- Interest Rate
Home Loan for Expatriates. Eyeing a property in Dubai or Abu Dhabi? This is the perfect home loan package for you Major Advantage: High finance amount, Fixed rate options also available Major Concern: High Minimum salary requirement
Main Features / Benefits
Interest Rates & Charges:
Reducing Rate (as advertised): 4.99% p.a.
Flat Rate*: 3.10% p.a. (Approximate calculation as per 25 years tenure)
Processing Fees:
| No Salary Transfer | Salary Transfer/ Buyout | All Other Segment | |
| If Choosing 3 Year Fixed Rate | 1% | 0.75% | 1% |
| If Choosing 5 Year Fixed Rate | 0.75% | 0.50% | 1% |
| If Choosing Variable Rate | Nil | ||
Property valuation Fees: AED 3,000 + Vat (Refundable if taking variable rate)
Early Settlement Fees: 1% of outstanding Loan or AED10,000 (whichever is lower)
Partial Settlement: 20% of the outstanding free
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months for salaried; 2 Years for self-employed
Salary Transfer: Required for some rate options
Minimum Down-payment:
- For first property (If property price < AED 5M): 20% for Expats
- For first property (If property price > AED 5M): 30% for Expats
- For second property: 40% for Expats
Key Details:
Maximum Finance Amount: AED 25,000,000
Islamic Finance: No
Maximum Term: 25 years
Finance available for: All properties with title deed in Dubai, Abu Dhabi
Insurance (Compulsory):
Life Insurance: 0.016% per month
Property Insurance: 0.12% p.a. (on property value)
ADCB Bank Mortgage Loan
- Minimum IncomeAED 20,000
- Loan TypeIslamic
- Maximum Term 25 Years
- 2 Years4.99%
- 3 Years4.99%
- 5 Years4.99%
- Fixed Period
- Interest Rate
Dubai Islamic Bank understands that one of the greatest joys is to own or build your dream home. Al Islami Home Finance offers you a range of options to suit your specific needs. DIB offer financing for residential and commercial properties. It also offers refinancing options for customers who may already own a property or are availing of a mortgage with another institution. Major Advantage: High finance amount
Main Features / Benefits
Profit Rate & Charges:
Profit Rate: Starting from 4.99% p.a. fixed for 1 year (reducing rate)
Flat Rate: 3.01% p.a
Processing Fees: 0% for buyout Cases
Early Settlement Fees: 1% of outstanding amount (Max cap AED 10,000)
Finance Requirements:
Minimum Salary Requirement: AED 10,000 for UAE Nationals, AED 12,000 for Expats
Minimum Length of Service Required: 6 months for salaried
Salary Transfer: Not compulsory.
Minimum Downpayment: 20% (Fee Financing also possible)
Key Details:
Maximum Finance Amount: AED 50,000,000
Islamic Finance: Yes
Maximum Term: 25 years
Finance Available For: Any ready property which can be registered in the name of the customer in the relevant authority (across UAE).
Takaful – Insurance (Compulsory):
Life Takaful: 0.36% per annum (on outstanding balance)
Property Takaful: 0.03% per annum of property value