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  Schemes of Local Institutions

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Home Loans

Financer Loan scheme (s) Debt servicing ratio Eligibility criteria Repayment period Repayment type

Amlak

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60 times monthly salary subject to a maximum of AED 5 Million.

Amlak finance upto 90% of the purchase price for UAE residents & upto 70% for Non-residents.

55% of monthly salary

Between 21-65 years.

Full time employment or own business for at least 3 years.

Up to a maximum of 25 Years for UAE Nationals. Upto a maximum of 15 years for GCC Nationals & Expats.

Loan must be fully repaid by the age of 65.

Equaled Monthly Installment (Principal and Interest).

Abu Dhabi Commercial Bank

 
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New Construction - Upto 50% of total construction cost.

Extension/ Renovation -Upto 3 years rental income.

Purchase - Upto 50% of market value of the Property.

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First Gulf Bank

 
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The Bank has a special program for customers be it a small villa or a large commercial complex.

The bank manages the property.

This takes away the burden of development and management from the owner.

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Property management by the bank till the settlement of loan.
 

   
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