| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Emirates Islamic - Home Finance
|
Minimum Salary: AED 15,000 | Salary Transfer: Yes | Early Settlement Fees: Yes | Maximum Term: 25 Years | Flat Rate: - | Reducing Rate: 4.59 |
Limited period offers
for your home financing needs
You can now own your dream home with a
fantastic Home Finance offer from Emirates Islamic. Apply and get 50% discount
on processing fees, fixed profit rate options up to 3 years starting from 4.59%
p.a. (on reducing basis) and much more.
Special offer applicable only to Non Emirates Islamic Customers
- 50% discount on processing fees
- Fixed profit rates options up to 3 years starting from 4.59% p.a.(on reducing basis)
- Available to all UAE Nationals & Expatriates
Offer valid until 31 October 2023
Terms and Conditions:
- 50% discount is applicable on the
processing fees for ready properties
- Post the fixed rate period the
profit rate will be on variable basis starting from 1.79% p.a. + 3 months EIBOR
- All profit rates are on reducing
basis
- This pricing offer cannot be
combined with any other active EI offer on Home Finance
- Maximum tenor of 300 months or as
per eligibility based on customer’s age
- Takaful Premium is charged
separately, not included in the Profit Rates applicable for Home Finance
Benefits:
*Please Note: Buy-out options are also available. You can transfer your existing finance from other banks and financial institution to Emirates Islamic at lower profit rates, longer tenors and lower installments.
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual profit 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 profit 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 profit rates and fee structures.
Representative Example Calculator
