ADIB Home Finance for UAE Nationals

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

Reducing Balance Rate  

This is a variable interest rate is based on the Central bank's 1-months EIBOR plus a bank margin.

Main Benefits:

• Free property insurance
• Life insurance financing
• Automatic priority status upgrade on salary transfer
• Six-month grace period on salary transfer (optional)

Profit Rates & Charges:

Reducing Rate (as advertised): Starting from 3.49% p.a.

Flat Rate: 2%* p.a. (as per 25 years calculation)

Processing Fees:

• 0% for salary transfer customers
• 0.5% (Min AED 5,000; Maximum AED 30,000) for Non-salary transfer customers
• Nil for buyout transaction

Property valuation Fees: AED 2,500

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 10,000

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: 35%
• For third property: 50%

Key Details:

Maximum Finance Amount: AED 20,000,000

Islamic Finance: Yes

Maximum Term: 25 Years

Finance available for: Any ready property in Dubai, Abu Dhabi & Sharjah with title deed.

Takaful:

Life Takaful: Mandatory, takaful rate will be provided by the bank

Property Takaful: Free for entire tenure

Common Documents:  

• Valid passport, Emirates ID copy.    
• Khulasat al Qaid (family book).
• Offer letter copies of all personal ongoing finance.
• Rental Income Document (If any).                      
• Liability Letter (In case of Buyout Finance only).
• Relevant property Documents.

Salaried Client Documents:

• Latest salary certificate addressed to ADIB Bank.
• Latest 6 months personal bank statement.
• Six months pay slips if there is variance in salary.

Self-Employed Client Documents:

• Valid company trade license.
• MOA (Memorandum of Association) including all amendments.
• Latest 6 months personal bank statement.
• Latest 12 months company bank statement.
• Audit financials of last 2 years (if applicable).
• Offer letter copies of all company ongoing finance.

• All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
• Reducing rate is converted into flat rate as per 25 years calculation. Flat rate mentioned above is an approximate rate.
• Terms and conditions apply.