Terms of Finance

1. What is the maximum funding that I can get?
For residential property, individuals can get up to 90% of the property value, subject to eligibility. For commercial property, business entities can get up to 75% of the property value, subject to eligibility.

2. What is the maximum amount that I can expect?
For residential property, you can expect a maximum of AED 5million. For commercial property, a maximum of AED 20million is being provided. The final amount, however, is subject to your eligibility and the policy of the bank.

3. What is the maximum repayment period?
For buying residential property, the maximum repayment period is 25 years for residents and 20 years for non-residents.
For business entities financing a commercial property, the repayment period is maximum 15 years.

4. What is the rate of interest?
For residential property, an interest in the range of 8 – 9.5% per annum on reducing balance will apply. 
For commercial property, the rate of interest is 8.5% upwards. The exact interest rates are subject to bank’s products and policies.