- Free property insurance for the entire tenure.
- Optional grace period up to six months.
- Profit free personal financing.
- Automatic priority status upgrade.
- Life insurance financing.
- For your first property, the down payment is 25% if the property value is under AED 5M and 35% if property value is above AED 5M. For your second property, the down payment is 40%.
- For salary transfer customers there is no processing fee for new purchases, owner to owner transfers or refinance. For non salary transfer customers the processing fee is 0.50% of financing amount or AED 5,000 (whichever is higher).
- You get free of charge fire Takaful cover. Life Takaful is mandatory.
- The reducing rate of this finance is 3.75% and the equivalent flat rate is 2.06%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.
- The variable interest rate is based on the Central bank’s 3 month EIBOR plus a bank margin.
- It is not a requirement to transfer your salary to apply.