Abu Dhabi Finance Non Resident Home Loan (Compass)- Abu Dhabi Properties only

abu-dhabi-finance Bank

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Non Resident Home Loan (Compass)- Abu Dhabi Properties only

Minimum Salary

AED 20K

Flat Rate

2.48%

Reducing Rate

4.5%

Early Settlement Fee

1%

Arrangement Fee

1.25%

Down Payment

25%

Repayments Up To

25 Years

Advantages

  • One payment holiday per year
  • Quick approval
  • Hassle free documentation

AED 20K

Minimum Salary

2.48%

Flat Rate

4.5%

Reducing Rate

1%

Early Settlement Fee

1.25%

Arrangement Fee

25%

Down Payment

25 Years

Repayments Up To

Advantages

  • One payment holiday per year
  • Quick approval
  • Hassle free documentation

Features

  • Only UAE Nationals are eligible
  • For purchasing properties in Abu Dhabi only
  • Minimum salary of AED 20000 is required
  • Home Finance is provided at a fixed interest rate of 2.48%
  • Home Finance is provided on a reducing interest rate of 4.5%
  • Salary transfer is not required
  • Maximum loan amount provided depends on your financial condition
  • Property and Life insurance is mandatory
  • 1% of the total loan amount is charged as processing fees
  • The loan is provided for a maximum tenure of 25 years
  • 25% of the property value should be paid as the down payment
  • 2% of outstanding loan amount is charged on early settlement

Benefits

  • Hassle free documentation
  • Easy approval of the loan
  • Salary transfer is not required
  • A high amount of finance is provided
  • Both self-employed and salaried individuals are eligible for the finance

Frequently Asked Questions

Q. What is a maximum age for self-employed to be eligible for the finance?

A. The maximum age for self-employed is 65 years.

Q. What is a maximum age for self-employed to be eligible for the finance?

A. The maximum age for salaried individuals is 70 years.

Q. What is the down payment for self-employed individuals?

A. Both self-employed and salaried individuals have to afford 25% as the down payment.

Q. What is the maximum finance provided?

A. The maximum finance depends on the financial status of the applicant.

Q. Do I need to have an account at Abu Dhabi finance?

A. Abu Dhabi finance is not a bank. So having an account is not required. But Non-residents should have a bank account in UAE.

Abu Dhabi Finance Bank

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