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Advance Against Property to Individuals
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Key Features
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Eligibility
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Charges
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Warning Box
Advance Against Property to Individuals : Key Features
- Higher limit up to AED 20000000.
- Higher repayment period up to 84 months
- Competitive rate of interest
- No hidden Charges
- Interest charges on Daily Reducing Balance
Advance Against Property to Individuals : Eligibility
- UAE Nationals / Expatriates / PIO / OCI
- For constructing, purchasing or renovating a house for owner occupier or investment purpose
- Age- Individual- Min. 21 Years
Max. Salaried- 65 years Non salaried – 70 years including loan tenor - Tenor - Term Loan – Max. 7 Years
- Limit- Min. – AED 100,000 Max. AED 20,000,0000
Advance Against Property to Individuals : Charges
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Interest Rate and Charges |
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Interest Rates |
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Processing Fees |
0.50% of sanctioned limit Min. – AED 1000/- Max. – AED 25000/- |
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Advance Against Property to Individuals : Warning Box
Debt Management Tool/Guidelines as per Compliance of Consumer Protection Standards of CBUAE
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WARNING: |
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Who can apply under this scheme?UAE Nationals, Indian Expatriate, PIO, OCI
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What is the minimum and maximum age required to apply under this scheme?
For salaried- Min. Age- 21 years Max. Age- 65 years
For others – Min. Age 21 years Max. Age- 70 years -
What is the maximum amount I can borrow under this scheme?
You can borrow max. Up to AED 20 Million
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What is the Maximum Period up to which I can avail Loan under this scheme?
You can avail loan up to a max. period of 7 years
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What type of facility available under this scheme?
Facility can be availed in form of demand Loan or Term Loan only
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Do you offer early settlement under this scheme?
Yes you can repay your loan before maturity
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What is the charge for early settlement?
No charges for early settlement
