Emirates NBD Loan Against Property for Expatriates | MoneyCamel

Emirates NBD Loan Against Property for Expatriates

Emirates NBD

Emirates NBD Loan Against Property for Expatriates

Equity Release
CAMEL VIEW
  • Loan amounts up to AED 7.5 million.
  • Salary transfer not mandatory.
  • Maximum Loan term is 20 years.
  • Processing fees applies.
FEATURES
Interest/Profit Rate 
2.99 % p.a.
Maximum Loan Amount 
AED 7,500,000
Maximum Loan Tenure 
20 years
Minimum Monthly Income 
AED 20,000
Salary Transfer Mandatory 
No
Maximum LTV 
70 % of Property Value
FEES & CHARGES
Late Payment Fee 
AED 200
Prepayment Fee 
1% of Loan Amount
Rescheduling Fee 
AED 250
Life Insurance Rate 
0.4% of Loan Amount
Loan Closure Fee on Balance Transfer 
1% of Loan Amount
Loan Liability Letter Charge 
AED 200
Property Insurance Rate 
0.05%
Processing Fee 
1% of Loan Amount
ADDITIONAL INFORMATION

Options available are - 2.99% (fixed for 1 year), 3.33% (fixed for 2 years), 3.75% (fixed for 3 years), 3.99% (fixed for 4 years) and the rate is variable thereafter (starting from 5%).

Salary transfer not mandatory. Loan against freehold ready property in Dubai (Property reg. with Govt Dept created in favour of Emirates NBD)

Loan financing available for Self-employed and Salaried.

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