To Speak to an advisor, Kindly Call +971-43233236
Email Us: sales@compare4benefit.com
Finance the purchase or construction of your residence.
Mortgage loans to individuals for financing the purchase / construction of property for residence.
Major Advantage: High finance amount; Only Rental income products available
Major Concern: High salary requirement
Reducing Balance Rate
Salaried | Fixed Period Rates (for 1, 3 or 5 years) | Variable Rate After Fixed Period |
Fixed Rate (Salary Transfer) | 5.24% | 1.50% + 3-month EIBOR (Minimum floor rate 1.99%) |
Fixed Rate (Without Salary Transfer) | 5.24% | 1.89% + 3-month EIBOR (Minimum floor rate 1.99%) |
Fixed rates available for 1 year, 3 years or 5 years
Interest Rates & Charges:
Reducing Rate (as advertised): 5.24% p.a. (Fixed period available for 1 year, 3 years or 5 year s)
Flat Rate: 3.18% p.a.*
Processing Fees: 0.525% of the finance amount; Nil for Buyout cases
Property valuation Fees: AED 3,150
Early Settlement Fees: 1.05% of outstanding amount (max cap AED 10,500)
Partial Settlement Fees: 1% of the amount partially paid
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months for salaried; 2 Years for Self Employed
Salary Transfer: Not Compulsory
Minimum Down payment:
Key Details:
Maximum Finance Amount: AED 20,000,000
Islamic Finance: No
Maximum Term: 25 Years
Finance available for: Listed properties in Dubai and Abu Dhabi
Insurance (Compulsory):
Life Insurance: 0.0112% per month (plus vat) on outstanding balance
Property Insurance: 0.0525% p.a. (plus vat) on property value
Common Documents:
Salaried Client Documents:
Self-Employed Client Documents:
Minimum Salary: 10,000 AED
Reducing Rate 4.89%
Yalla Apply Now