AED 10,000

Minimum Salary

AED 7,631

Monthly Payment

–

Flat Rate

20%

Down Payment

  • 3.75% variable rate (based on the Central bank’s 3 month EIBOR plus a bank margin). Free of charge Fire takaful property cover. Life Takaful is mandatory.
  • 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 bank has the discretion to waive any or all of the total outstanding profit.
  • Maximum loan amount – AED 20,000,000.
  • Finance repayment period of up to 25 years.
  • You are required to put 20% or as per central bank regulations.