EIB Bina'a - Home construct for UAE Nationals | MoneyCamel

EIB Bina'a - Home construct for UAE Nationals

Emirates Islamic Bank

EIB Bina'a - Home construct for UAE Nationals

New Home Loans
FEATURES
Interest/Profit Rate 
4.99 % p.a.
Maximum Loan Amount 
AED 5,000,000
Maximum Loan Tenure 
25 years
Shariah Compliant 
Yes
Maximum LTV 
80 % of Property Value
FEES & CHARGES
Late Payment Fee 
AED 900
Prepayment Fee 
1% of Loan Amount
Valuation Fee 
AED 3000
Loan Liability Letter Charge 
AED 500
Property Insurance Rate 
0.05%
Processing Fee 
1% of Loan Amount
ADDITIONAL INFORMATION

Convenient monthly repayments on a variable rate basis as applicable.

Takaful coverage to protect against injury or loss of life.Minimal documentation and low processing rates.

Engineering and project monitoring services available at no additional cost for under construction properties

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