Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Ajman Bank Under Construction Properties - UAE Nationals Ajman Bank Under Construction Properties - UAE Nationals Minimum Salary: AED 10,000 Salary Transfer: Yes Early Settlement Fees: Maximum Term: 25 Years Flat Rate: 2.22% Reducing Rate: 3.99%
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Thinking of buying a new home? With Ajman Bank, you can look forward to innovative financial solutions to help you own your dream home.
Features
  • Under construction property finance is available for UAE Nationals only
  • Finance available in Abu Dhabi, Dubai, Sharjah and Ajman
  • Maximum Finance Amount up to AED 10 million
  • Maximum tenure up to 25 years
  • Down payment of 50% for UAE Nationals
  • Unique Feature: Available to build or buy the under construction properties
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the 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 on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
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