Mortgage Loan for Residences in UAE First Abu Dhabi Bank (FAB)
Min. salary
AED 15,000
Reducing / Flat
7.49% / 3.99%
Down Payment
20%
Finance the purchase or construction of your residence. Mortgage loans to individuals for financing the purchase / construction of property for residence.
Max Amount
AED 20,000,000
Arrangement Fee
1.05%
Early Settlement Fee
1.05 %
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Unique Features
- Starting from 3.99% fixed for 2 Years.
- Post 2 years – the rate turns variable and is linked to MBR.
- Loan to Value of up to 80%.
- Loan tenor of up to 25 years.
- Loan amount up to AED 20 Million.
- Flexible repayment terms.
- Applicable to UAE nationals, GCC nationals (UAE residents & non-residents), and non-GCC expatriates residing in the UAE.
- Standard processing fee 1%.
- Life and Property Insurance coverage.
Eligibility
- The minimum monthly salary of AED 15,000.
- Down payment of 20% is required.
- Finance repayment period of up to 25 years.
- It is not a requirement to transfer your salary to apply.
Documents required
- Mortgage application form.
- Income documents.
- Property documents.