| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Emirates NBD Mortgage - Expatriates
|
Minimum Salary: AED 10,000 | Salary Transfer: No | Early Settlement Fees: No | Maximum Term: 25 Years | Flat Rate: 1.99 | Reducing Rate: 4.99 |
Buy your dream home with Emirates NBD. Home finance available from a range of developments in Dubai and Abu Dhabi.
Features
- Apply with a minimum salary of AED 15,000
- Available for salaried and self-employed individuals
- Finance up to 80% of the Property Value
- Coverage of Life & property insurance
- Free application fee
- Free partial settlement up to 20% of the loan amount
- Apply with a co-borrower
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest 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 interest 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 interest rates and fee structures.
Representative Example Calculator
