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CBD Ijarah Home Lease for Expats

CBD Bank

WarningMessage This product is discontinued by the Bank

Ijarah Home Lease for Expats

Minimum Salary

AED 20K

Flat Rate

2.2%

Reducing Rate

3.99%

Loan Amount

AED 10000K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

25%

Repayments Up To

20 Years

minimum salary

AED 20K

Minimum Salary

flat rate

2.2%

Flat Rate

reducing rate

3.99%

Reducing Rate

max finance

AED 10000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

25%

Down Payment

repayment

20 Years

Repayments Up To

Features

  • For salaried individuals aged between 21 and 65 years are eligible to apply for this scheme
  • For self-employed individuals aged between 21 and 70 years (at loan maturity) are eligible to apply for this scheme
  • Minimum length of service required is 3 months for salaried people and 6 months for self-employed people
  • Minimum salary of AED 20,000 is required
  • Provides financing at an interest rate of 3.99%
  • The reduction rate and the flat rate is 3.99% and 2.2%. This denotes that the computation done was a division of the reduction rate by 1.813.
  • Finance up to AED 10,000,000
  • 0% processing fee on Buyouts
  • Required to put 25% down payment for this finance

Benefits

  • Refinance your ready property to get easy access to liquidity
  • Invest in under construction property
  • There is no processing fee for Buyouts
  • Repayment period is up to 25 years
  • You get to repay up to 15% of your Outstanding loan every year without paying any additional charges or fees
  • You get dedicated Staff to assist you further
  • Loan available to both salaried and self-employed individuals
  • Finance for ready villas and apartments

Frequently Asked Questions

⭐ I’m a salaried individual but I get some income from other sources. Will this be included for being eligible?

A. Yes, you should provide valid documents to prove your additional income.

⭐ Is salary certificate a mandatory document?

A. Yes, salary certificate is a mandatory document for salaried individuals.

⭐ Is salary transfer mandatory?

A. Salary transfer to CBD account is not mandatory but if you transfer your salary you can avail some extra benefits.

⭐ What is the maximum finance provided for Expats?

A. For expats, a maximum finance of AED 10,000,000 is provided.

⭐ How much finance is provided on a property?

A. 80% of the property value is provided as finance.

⭐ What is the minimum length of business required for self-employed individuals?

A. For self-employed individuals, your length of business must be minimum 3 years.

⭐ What is the eligibility criteria for getting a loan to purchase an under construction property?

A. Only UAE Nationals with a minimum age of 21 years are eligible for getting a loan to purchase an under construction property.

⭐ For how long insurance is provided?

A. Insurance is provided for complete tenure.

CBD

Commercial Bank of Dubai (CBD) offers a wide range of retail and commercial banking products and services, in both conventional and Shariah-compliant formats, with a network of 26 branches and over 210 ATMs throughout the UAE. The bank endeavors to build sustainable prosperity through extraordinary banking experiences. CBD commits to:

  • Authenticity
  • Simplicity
  • Partnership
  • Innovation
  • Responsibility
  • Excellence

   Get in touch with CBD Customer Care