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From searching for the perfect location to choosing your new furniture, you have enough on your mind when looking for a home. An NBF Home Loan makes it easier for you with minimal approvals and flexible payment periods
Major Advantage: High finance amount, Fixed rate options also available, Favorable for self-employed customers
Reducing Balance Rate
For Salaried:
Category | Interest Rates |
For Salaried Clients |
Starting from 4.74% |
For Self Employed Clients | Starting from 4.74% |
*3M EIBOR: 3 Months EIBOR rate
*Note: Rates mentioned above are starting rate and it can vary with the profile of the client
*All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change
Interest Rates & Charges:
Reducing Rate (as advertised): Starting from 4.74% p.a.
Flat Rate: 2.83% p.a. (as per 25 years calculation)
Pre Approval Fees: AED 1,050 (adjusted to proc fee)
Processing Fees: 0.525% of the finance amount
Property valuation Fees: AED 2,625
Early Settlement Fees: 1% of outstanding loan amount or AED 10k (whichever is lower)
Partial Settlement Fees: 1% of outstanding loan amount or AED 10k (whichever is lower)
Finance Requirements:
Minimum Income Requirement:
Minimum Length of Service Required: 6 Months for salaried; 2 Years for self-employed
Salary Transfer: Not compulsory
Minimum Down payment:
Key Details:
Maximum Finance Amount: Up to 50 Million (Depends on the profile of customer)
Islamic Finance: No
Maximum Term: 25 years
Finance available for: All ready properties including commercial properties in all Emirates
Insurance (Compulsory):
Life Insurance: 0.02358% per month on outstanding balance
Property Insurance: 0.040% p.a. (on property value)
Common Documents:
Salaried Client Documents:
Self-Employed Client Documents:
Minimum Salary: 10,000 AED
Reducing Rate 4.89%
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