| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
ADCB - Mortgage Services
|
Minimum Salary: AED 8,000 | Salary Transfer: No | Early Settlement Fees: No | Maximum Term: 25 Years | Flat Rate: 3.99 | Reducing Rate: - |
| Employment Category | UAE Nationals | Expatriate Residents | Non-residents (Post Tax) |
| Salaried | AED 8,000 p.m. | AED 15,000 p.m. | AED 25,000 p.m. |
| Self-employed | AED 75,000 p.m. average credit turnover | AED 75,000 p.m. average credit turnover | N/A |
You do not need to have an account or be an existing customer of ADCB to take a mortgage.
Features
- Experienced and dedicated Mortgage Relationship Managers to guide you through the entire application process
- Dedicated after-sales Mortgage Service and Helpline Desk
- Option of Islamic & Conventional Home Finance
- Fixed Rate Options
- Repayment period of up to 25 years
- Financing up to 80% of the property value
- Competitive interest rate options
- Flexibility to partially settle your mortgage loan anytime
- Refinancing Options
** 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
