| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Arab Finance House - House Loan
|
Minimum Salary: USD 600 | Salary Transfer: No | Early Settlement Fees: No | Maximum Term: 10 Years | Flat Rate: 0.0 | Reducing Rate: 0.0 |
At AFH, we understand that one of the greatest joys is to own, build, or to renovate your dream home. That is why we developed a financial program for installments property fees. Our Home and real estate finance advisors are ready to assist you through the steps towards owning your dream home.
Documents Required
- Valid ID or Passport
- Fire and allied perils Takaful insurance
- Authenticated Salary Certificate
- Bank Account Statement for the past 6 months (if applicable)
- Proof of residence, electricity bill or mayor's certificate
- Life & permanent total disability from Takaful insurance
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
