|Minimum Salary||Salary Transfer||Islamic Finance||Maximum Term||Flat Rate||Reducing Rate|
|FGB - Home Loan||Minimum Salary: AED 15,000||Salary Transfer: No||Early Settlement Fees:||Maximum Term: 25 Years||Flat Rate: 1.81%||Reducing Rate: 3.25%|
FGB's delivery network and depth of experience in the real estate sector assures getting the quality service our customers deserve. The innovative range of mortgage solutions has been designed to meet mortgage needs for a residential or commercial property. The financially sound solutions are open to UAE Nationals and residents of the UAE with a dedicated focus on salaried and self-employed individuals or companies.
- Available for salaried and self-employed UAE residents
- Islamic and conventional home finance
- Finance for completed properties with a title deed in Dubai and RAK, in Abu Dhabi (projects by Al Dar, TDIC, Mismak Properties and First Gulf Properties)
- Private villa finance is available for properties in Dubai with a Title Deed*
- Granted Land and NHL finance available
- Equity release and refinance loans
- Finance available for properties in England and Wales
- Variable rate linked to 3 month Eibor
- 1 and 2 year fixed rate options available
- Interest only option available for investment properties
- Free partial settlement of up to 15% outstanding annually*
- Financing available up to AED 20 million
** 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.