Check Eligibility for Amlak Finance
Home Loan

You are eligible to apply for a Amlak Finance
Home Loan .

You may not be eligible * to apply.

* Minimum salary AED 15000 required to apply for a Amlak Finance Home Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

Amlak Finance Home Loan Calculator

Home Loan Provided By Amlak Finance

Check Eligibility for Amlak Finance Home Loan

You are eligible to apply for a Amlak Finance
Home Loan .

You may not be eligible * to apply.

* Minimum salary AED 15000 required to apply for a Amlak Finance Home Loan .

Click here to check loans from other banks.

Amlak Finance Home Loan Calculator

Features of Amlak Finance Home Loan

  • Finance available for all completed residential properties in Dubai and Abu Dhabi
  • Compliant with the principles of Shariah
  • Salary transfer is not required
  • Maximum finance amount, up to 80% of the value of the property
  • Competitive profit rates based on customer credit profile
  • Longer tenures, up to 300 months

Finance Criteria

  • Finance available, up to 80% for all ready properties
  • Minimum Finance Amount: AED 100,000/-
  • Maximum Finance Amount: AED 10,000,000/-

Eligibility Criteria of Amlak Finance Home Loan

  • Available to all UAE residents, salaried, self employed individuals and companies/establishments registered in UAE
  • Minimum age at application: 21 years.
  • Maximum age at end of finance: 65 years
  • Maximum Tenure Up to 25 years for UAE Nationals and Expatriates
  • Maximum Tenure Up to 10 years for Company or Establishment

Documents Required of Amlak Finance Home Loan

For General Customers

  • Completed application form signed by all applicants (including co-applicants)
  • For UAE Nationals - copy of valid passport including last page
  • For Expatriates - copy of valid passport with valid UAE Residence Visa (minimum 3 months remaining validity), Home Country Residency proof and telephone numbers Emirates Identity Card copy
  • Latest 6 months Bank Statement (Company and Personal)
  • Liability Letter/facility from the bank, if the applicant has any other outstanding finance (not older than 30 days)
  • Proof of other income (e.g. rental/sponsorship)
  • Copies of property documents {e.g. title deed (refinance cases), SPA etc.}
  • Copies of receipts of down payment/progress payment made to developers
  • Copies of Title Deed, Affection Plan, construction cost estimates, approved floor plan for self construction cases
  • Execution of all relevant finance documents on approval (e.g. offer letter, lease agreements etc.)

For Salaried Customers

  • Salary certificate (not older than 30 days) and stating confirmed service, previous employment letter (if less than 2 years with current employer)

For Self Employed/Company

  • Copy of Valid Trade License, Chamber of Commerce Registration and Memorandum & Articles of Association of the Company
  • If the applicant is a shareholder in a free zone company, copy of the Share Certificate to be provided
  • Latest 2 - 3 years' audited financial statements (should be signed by the Director/Authorized Signatory of the company). In-house financials are not acceptable
  • Board resolution signed by all directors, if availed in the company name. If the finance is obtained in the firm name, all partners must sign the resolution for availing finance
  • Relevant Passport copies of partners/directors

Amlak Finance Home Loan Interest rates

amlak-finance Bank

1 Home Loans Provided By Amlak Finance

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

AED 15K

Minimum Salary

4%

Flat Rate

7.25%

Reducing Rate

AED 10000K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

20%

Down Payment

25 Years

Repayments Up To

Advantages

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

Advantages

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

Frequently Asked Questions

1.What will be Application Fees?

Ans.Application Fees will be AED 5,000/-

2.What will be Processing Fees?

Ans.Processing Fees will be 1 % of approved finance amount.

3.what will be Valuation Charges

Ans.Valuation Charges will be AED 3,500/- (urgent charges extra).

About 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.