Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
HSBC - Home Loan Balance Transfer HSBC - Home Loan Balance Transfer Minimum Salary: AED 15,000 Salary Transfer: No Early Settlement Fees: Maximum Term: 25 Years Flat Rate: 1.8% Reducing Rate: 3.24%
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Features
  • Free overpayments up to 25% of the outstanding amount per calendar year
  • No salary transfer required
  • Interest is calculated on the daily outstanding balance of your Home Loan based on the AED EIBOR rate(2)
  • Rates starting from 3.24% p.a.3
** 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.
Representative Example Calculator
ADCB - Home Saver
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AED 8,000
Reducing Rate
9.88%
RAKBANK - Home in One
Minimum Salary
AED 15,000
Reducing Rate
3.49%
Emirates Islamic - Manzili Home Finance
Minimum Salary
AED 15,000
Reducing Rate
2.95%
al khaliji France - Mortgage
Minimum Salary
AED 25,000
Reducing Rate
3.99%