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
Two years fixed rate | From Third Year Onwards |
3.99% p.a. | Variable rate based on MBR |
Rates are based on reducing balance and from second year onwards variable rate starts which comprise of MBR.
Major Features:
Interest Rates & Charges:
Reducing Rate (as advertised): 3.99% p.a. (fixed for 2 year then variable rate linked to MBR)
Flat Rate: 2.32% p.a.*
Processing Fees: 1% of the finance amount; Nil for Buyout cases
Property valuation Fees: AED 3,000
Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)
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: 0.0365% per month on outstanding balance
Property Insurance: 0.05% p.a. (on property value)
Common Documents:
Salaried Client Documents:
Self-Employed Client Documents:
Minimum Salary: 10,000 AED
Reducing Rate 4.99%
Yalla Apply Now