Abu Dhabi Finance Essence Fixed Home Loan- Dubai and Abu Dhabi properties only

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Essence Fixed Home Loan- Dubai and Abu Dhabi properties only

Minimum Salary

AED 10K

Flat Rate

2.2%

Reducing Rate

3.99%

Early Settlement Fee

2%

Arrangement Fee

1%

Down Payment

25%

Repayments Up To

25 Years

Advantages

  • One payment holiday every year
  • Salary transfer not required
  • Quick approval

AED 10K

Minimum Salary

2.2%

Flat Rate

3.99%

Reducing Rate

2%

Early Settlement Fee

1%

Arrangement Fee

25%

Down Payment

25 Years

Repayments Up To

Advantages

  • One payment holiday every year
  • Salary transfer not required
  • Quick approval

Features

  • Maximum finance provided depends on your financial status
  • Only UAE Nationals are eligible
  • Minimum salary of AED 10000 is required
  • Home Finance is provided at a fixed interest rate of 2.2%
  • Home Finance is provided on a reducing interest rate of 3.99%
  • Salary transfer is not required
  • Both life insurance and property insurance is compulsory
  • 1% of the total loan amount is charged as processing fees
  • The loan is provided for a maximum tenure of 25 years
  • 20% of the property value should be paid as the down payment
  • 2% of outstanding loan amount is charged on early settlement

Benefits

  • Provides high finance amount
  • Customised solutions are provided to the customers
  • Hassle free documentation
  • Quick approval
  • Salary transfer is not required

Frequently Asked Questions

Q. Do you provide loans for anywhere in UAE?

A. Abu Dhabi Finance provides a loan to properties in Dubai and Abu Dhabi only.

Q. Can I transfer my existing mortgage to Abu Dhabi finance?

A. Yes, Abu Dhabi finance provides mortgage transfer facility.

Q. What is the minimum finance amount provided?

A. A minimum finance of AED 2,50,000 is provided.

Q. Do I get a loan for second-hand properties?

A. Yes, you get a loan for purchasing second-hand properties.

Q. What is the down payment to be paid for old constructions?

A. Abu Dhabi Finance provides 65% of the property value for old constructions. So you need to pay 35% of the property value for down payment.

Q. Do I get a loan for off plan properties?

A. Yes, Abu Dhabi finance provides loan for purchasing off plan properties.

Q. What is the down payment to be paid for off plan properties?

A. Abu Dhabi Finance provides 50% of the property value for old constructions. So you need to pay 50% of the property value for down payment.

Q. Is partial settlement available?

A. Yes, but you need to inform the authorities earlier, regarding the partial settlement payment.

Q. Is salary transfer mandatory?

A. No, Abu Dhabi Finance is not a bank, so the salary transfer is not required.

Q. Does Abu Dhabi finance follow commercial banking principles?

A. Yes, Abu Dhabi Finance works with commercial banking principles.

Q. What are the other home loans available?

A. You can check otherhome loan Dubaihere.

Abu Dhabi Finance

Abu Dhabi Finance was established in the year 2008 and is currently a large company that provides mortgage loans and provides both, individuals and businesses, with the most relevant real estate financial solutions.

ADF was founded as a public joint stock company between Mubadala Development Company pjsc., Aldar Properties pjsc and ADCB and expanded to Dubai in 2013.

Abu Dhabi Finance believes in the following values:

  • Expertise - based on breadth and depth of experience
  • Transparent products and services
  • Trustworthy Advice throughout the real estate investment journey