Amlak Finance Amlak Ijarah

Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The information provided on this website does not constitute the marketing of any products or services to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Marino, San Marino, Vatican and Isle of man. The content on this website is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals. Find your nearest Citi branch: www.findmyciti.com/ae/. Call us at: +971 4 311 4000.

Address: Citibank UAE, P.O. Box 749, Dubai, United Arab Emirates.

0 People rated this page

Amlak Finance Bank

Amlak Ijarah

Minimum Salary

AED 15K

Flat Rate

4%

Reducing Rate

7.25%

Loan Amount

AED 10000K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

Repayments Up To

25 Years

Advantages

  • Salary transfer is not mandatory
  • Get pre approval
  • Can avail buyout facility
Apply Now
minimum salary

AED 15K

Minimum Salary

flat rate

4%

Flat Rate

reducing rate

7.25%

Reducing Rate

max finance

AED 10000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

20%

Down Payment

repayment

25 Years

Repayments Up To

Advantages

  • Salary transfer is not mandatory
  • Get pre approval
  • Can avail buyout facility
Apply Now

View details on bank page

Features

  • Follows Islamic banking principles
  • Minimum salary of AED 15000 is required
  • Home Finance is provided at a fixed interest rate of 4%
  • Home Finance is provided on a reducing interest rate of 7.25%
  • Salary transfer is optional
  • Maximum loan amount provided is AED 250,000
  • 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
  • Provides loan for both commercial and residential properties 1% of outstanding loan amount is charged on early settlement

Benefits

  • Follows Islamic banking laws
  • No salary transfer is required
  • Low-profit rates
  • Can get pre-approval details
  • Provides loan for commercial properties also
  • Buyout loan facility is available
  • Quick and hassle free documentation

Frequently Asked Questions

⭐ Can I clear my loan by paying partial payments?

A. Yes, you can avail partial settlement facility.

⭐ What are the charges associated with the partial settlement?

A. You need to pay 1% of the outstanding loan amount as partial settlement fees.

⭐ Does this work on sharia principles?

A. Yes, Amlak finance follows Islamic principles.

⭐ What is the maximum tenure the loan is provided for?

A. The loan is provided for a maximum tenure of 25 years.

⭐ What is the maximum tenure provided for purchasing commercial properties?

A. For commercial properties finance the maximum tenure the loan is provided for is 10 years.

⭐ Are self-employed individuals eligible for Amlak finance?

A. Yes, self-employed UAE and GCC residents are eligible for getting a loan at Amlak Finance.

⭐ What is the age requirement to be eligible for the finance?

A. The applicant needs to be of/between 21-70 years to be eligible for Amlak Finance.

⭐ Are GCC residents eligible to get a loan from Amlak Finance?

A. Yes, Amlak finance provides a loan to GCC residents too.

⭐ Do I need to transfer my salary to Amlak Finance?

A. No, the salary transfer is not mandatory.

⭐ Can I get details on pre-approval of the loan?

A. Yes, you can know the loan amount that will be approved i.e the pre-approval details can be known.

⭐ Do I need to pay anything to get pre-approval details?

A. Yes, 1% of the loan amount approved will be charged to get pre-approval details.

Amlak Finance

Amlak finance is the first Islamic financial institution that specialized in home and property finance services. Being an Islamic corporation, all Amlak finances are governed by the laws of the Shariah.

Amlak Ijarah is the basic home finance product from Amlak. Amlak buys the property for you and leases it with a promise to sell at the end of the lease term. You only have to pay back the money with the interest.

   Get in touch with Amlak Finance Customer Care

Ask questions and share your comments

We encourage our users to have discussion on questions they might have on financial products and help other users by sharing their insights. Kindly help us in making this site useful. We don't encourage any spam posts here. This is a public forum, so we request you to be safe by not disclosing personal information such as bank account or phone numbers etc. Please follow our posting guidelines. All the comments posted under MyMoneySouq official account are not reviewed by the financial institutions.

Show/Post Comments