CBD Mortgage Loan
New Home Loans
CAMEL VIEW
- Refinance property to release cash against property.
- Avail finance up to AED 15 Million.
- 3.99% interest is fixed for 2 years only.
- Minimum salary of AED 20,000 is required.
FEATURES
Interest/Profit Rate
3.99 % p.a.
Maximum Loan Amount
AED 15,000,000
Maximum Loan Tenure
25 years
Minimum Monthly Income
AED 20,000
Shariah Compliant
Yes
Maximum LTV
75 % of Property Value
FEES & CHARGES
Late Payment Fee
AED 2.25
Prepayment Fee
1% of Loan Amount
Rescheduling Fee
AED 2000
Life Insurance Rate
0.0275% of Loan Amount
Valuation Fee
AED 3000
Loan Closure Fee on Balance Transfer
1% of Loan Amount
Loan Liability Letter Charge
AED 300
Property Insurance Rate
0.0275%
Processing Fee
1% of Loan Amount
ADDITIONAL INFORMATION
Interest rates from 3.99% p.a. fixed for 2 years and thereafter 6 months EIBOR + Margin applies.
Refinance is also available.
UAE Nationals can apply for a tenure of 25 years and Expats for 20 years. Minimum salary requirement is AED 20,000 for UAE Nationals and AED 25,000 for Expats. Maximum loan amount for UAE Nationals is AED 15 million and for Expats AED 9 million.
