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

EIB Bina'a - Home Finance for UAE Nationals

Emirates Islamic Bank

EIB Bina'a - Home Finance for UAE Nationals

New Home Loans
CAMEL VIEW

Quick approval process and fast turnaround

  • Takaful coverage available.
FEATURES
Interest/Profit Rate 
4.99 % p.a.
Maximum Loan Amount 
AED 5,000,000
Maximum Loan Tenure 
25 years
Minimum Monthly Income 
AED 8,000
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

Takeful coverage to protect your family in the event of an unforeseen event leading to injury or loss of life.

Pre approval fee of AED 1,500 for Salaried Residents & AED 2,500 for Non Residents and Self Employed. Processing fee for Self Employed Residents and Non-Residents- 1% of Financed Amount.

Prepayment Fee- 0% post 4 yrs for salaried customers in case of self payment. 1% in case of buyout at any time.

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