Amlak Ijarah (Home finance) | MoneyCamel

Amlak Ijarah (Home finance)

Amlak

Amlak Ijarah (Home finance)

New Home Loans
CAMEL VIEW
  • Finance available to salaried, self-employed & companies.
  • Salary transfer not mandatory.
  • To be eligible, you require a minimum salary of AED 15,000 per month.
FEATURES
Interest/Profit Rate 
7.25 % p.a.
Maximum Loan Amount 
AED 10,000,000
Maximum Loan Tenure 
300 years
Minimum Monthly Income 
AED 15,000
Shariah Compliant 
Yes
Salary Transfer Mandatory 
No
Maximum LTV 
80 % of Property Value
FEES & CHARGES
Late Payment Fee 
AED 2.5% of installment amount
Prepayment Fee 
1% of Loan Amount
Valuation Fee 
AED 3500
Loan Liability Letter Charge 
AED 100
Processing Fee 
1% of Loan Amount
ADDITIONAL INFORMATION
  • The rate starts at 7.25% variable. This is a reducing rate.
  • You are required to put a downpayment of 20% if you are a UAE national and 25% if you are an Expatriate.
  • 1% of approved Finance amount
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