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Arab Bank Housing Loan

Arab Bank Bank

Housing Loan

Minimum Salary

AED 15K

Flat Rate

1.92%

Reducing Rate

3.49%

Loan Amount

AED 5500K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

25%

Repayments Up To

25 Years

Advantages

  • Can avail Buyout facility
  • Upgrade to Elite banking services
  • Free Arab bank visa credit card
minimum salary

AED 15K

Minimum Salary

flat rate

1.92%

Flat Rate

reducing rate

3.49%

Reducing Rate

max finance

AED 5500K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

25%

Down Payment

repayment

25 Years

Repayments Up To

Advantages

  • Can avail Buyout facility
  • Upgrade to Elite banking services
  • Free Arab bank visa credit card

View details on bank page

Features

  • UAE Nationals and Expats are eligible
  • Minimum salary of AED 15000 is required
  • Home Finance is provided at a fixed interest rate of 1.92%
  • Home Finance is provided on a reducing interest rate of 3.49%
  • Salary transfer to Arab Bank is required
  • Maximum loan amount provided is AED 5500000
  • Favorable insurance rates
  • 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
  • 1% of outstanding loan amount is charged on early settlement

Benefits

  • Low-profit rates
  • Upgrade to elite banking services on approval of the loan
  • Can get a free Arab Bank Credit Card for one year
  • Provides best customer service by satisfying the requirements of the customers
  • Low insurance rates
  • The high amount of finance is provided
  • Quick approval of the loan

Frequently Asked Questions

⭐ What are the insurance rates?

A. 0.03% of the outstanding loan amount is covered as insurance rates every year.

⭐ How much finance do I get?

A. You get 75% of the property value as loan.

⭐ Are expats eligible?

A. Yes, expats are eligible to get Arab bank home finance.

⭐ Can I avail Buyout loan facility?

A. Yes, Arab Bank provides buyout loan facility.

⭐ Is the complimentary credit card provided for free lifelong?

A. No, you get the credit card free for one year.

⭐ Do I need to provide address proof?

A. Yes, you need to provide some utility bills as address proofs.

⭐ How many months bank statements are required?

A. You need to provide last 6 months bank statements.

⭐ Do I need to provide proof of down payment?

A. Yes, down payment proof is a required document.

⭐ Is salary transfer required?

A. Yes, salary transfer to Arab bank account is required.

⭐ Do I need to provide salary certificate?

A. Yes, salaried individuals are required to provide salary certificate.

Arab

With over 600 branches across five continents, Arab Bank is the largest global bank in UAE. It is headquartered in Amman, Jordan. Arab Bank is also present in key financial markets and centers such as London, Dubai, Singapore, Geneva, Paris, Frankfurt, Sydney, and Bahrain. The bank operates on the following pillars of values:

  • Trust
  • Commitment
  • Corporate responsibility
  • Service Excellence
  • Customer Focus
  • Empowerment
  • Teamwork
  • Transparency.

   Get in touch with Arab Bank Customer Care