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Sharjah Islamic Bank Real Estate Finance

Sharjah Islamic Bank Bank

Real Estate Finance

Reducing Rate

1.79%

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

reducing rate

1.79%

Reducing Rate

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

1.05%

Arrangement Fee

View details on bank page

Features

  • Provides finance for Residentials properties, both ready properties or residential lands
  • Provides finance for Non-residential properties like commercial properties
  • Get finance for properties under construction
  • Flexible repayment period
  • Hassle-free process
  • Profit rates start from 1.79% plus 6 months EIBOR
  • Only UAE residents are eligible

Benefits

  • Provides finance for residential and under-construction properties
  • Easy and convenient instalments
  • Competitive profit rates

Frequently Asked Questions

Q. Are bank statements required for the documentation?

A. Yes. Latest 6 months bank statements are required.

Q. Can non-residents of UAE avail this finance?

A. No. Only UAE residents with valid residence visa and passport are eligible.

Q. Is partial settlement allowed?

A. Yes. You can make partial settlements on the loan. Partial settlement fee for residential properties is 1.05% and for non-residential property, it is 3.15%.

Q. What is the early settlement fee charged?

A. Early settlement fee for residential properties is 1.05% and for non-residential property, it is 3.15%.

Q. Are there any documentation charges levied?

A. Yes. Documentation fee for residential properties is 1.05% and for non-residential property, it is 1.31%.

Sharjah Islamic

Established in 1975 through an Amiri decree, the bank was initially known as the National Bank of Sharjah. In 2002, the bank was the first bank to convert to Islamic Banking and was renamed as Sharjah Islamic Bank (SIB). SIB has a Vision 'to be the bank of choice, delivering creative customer solutions based on Islamic principles of partnership, trust & equality for all’. The values followed by them are :

  • Bonding and Harmony
  • Compliance
  • Learning and Self Development
  • Social Responsibility
  • Creativity and Innovation

   Get in touch with Sharjah Islamic Bank Customer Care