• Dubai, United Arab Emirates

Description

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 required for better rates.

Main Features / Benefits

Main Benefits:

  • Free property insurance
  • Lower profit rates on Salary Transfer

Profit Rates & Charges:

  • Reducing Rate (as advertised): Starting from 4.44% p.a. (On salary transfer)
  • Flat Rate: 2.63%* p.a. (as per 25 years calculation)
  • Processing Fees:
    • Nil for developer payments
    • 0.5% for resale transaction
    • Nil for buyout transaction
  • Property Valuation Fees: AED 2,625
  • 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 15,000
  • 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: 40%

Key Details:

  • Maximum Finance Amount: AED 15,000,000
  • Islamic Finance: Yes
  • Maximum Term: 25 Years
  • Finance available for: Any ready property in Dubai, Abu Dhabi & Sharjah with title deed.

Takaful:

  • Life Takaful: 0.02% per month
  • Property Takaful: Free for entire tenure

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