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Union National Bank Home Loan for Expatriates

  •   July 14, 2017


Min SalaryAED 15,000
Flat Rate (As Advertised)1.94% p.a.
Reducing Rate (est. equivalent)3.49% p.a.
Arrangement Fee0.5%
Down payment25%
Max Finance Amount8,000,000
Fixed/VariableFixed Then Variable
Early Settlement Fee1%

 

MAIN BENEFITS

  • Finance amount up to AED 8,000,000. Finance for all ready title deed properties in Dubai, all ready properties in Abu Dhabi. Finance available for approved under construction properties of selected developers in Dubai and Abu Dhabi.

OVERVIEW OF FEATURES

  • For your first property, the down payment is 25% if the property value is under AED 5M and 35% if property value is above AED 5M. For your second property, the down payment is 40%. For under construction, the down payment is 50%.
  • Finance repayment period of up to 25 years, and maximum loan amount is up to 7 times your annual income. (Limited time offer)
  • You require a minimum salary of AED 15,000 per month (for salaried individuals) & AED 20,000 per month (for self employed individuals) to be eligible.
  • It is not a requirement to transfer your salary to apply.
  • The processing fee is 0.50% of the total finance amount.
  • The early settlement fee is 1% of the remaining balance. Terms and conditions apply.
  • Credit Life fee is 0.36% of outstanding and Property Insurance is 0.042% of outstanding. These can be paid as part of loan installments
  • The reducing rate of this finance is 3.49% and the equivalent flat rate is 1.94%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.
  • This rate is fixed for two years. Thereafter it is a variable rate (based on the Central Bank’s 3 month EIBOR rate plus a bank margin of 4.5%).
  • The reducing rate of this finance is 3.49% and the equivalent flat rate is 1.94%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.
  • Finance for all ready title deed properties in Dubai, all ready properties in Abu Dhabi. Finance available for approved under construction properties of selected developers in Dubai and Abu Dhabi.
Union National Bank Home Loan for Expatriates
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