Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
NBAD - Buyout Loans NBAD - Buyout Loans Minimum Salary: AED 20,000 Salary Transfer: No Early Settlement Fees: Maximum Term: 25 Years Flat Rate: 1.81% Reducing Rate: 3.25%
Apply Online Now
Fill in your details below and a product advisor will call you back with more details.
Some required information is not valid
Let NBAD help you buy your next home. Their mortgages offer a range of attractive features for people buying complete properties from the secondary market.
Features
  • Loan to Value ( LTV) up to 80% for UAE nationals and up to 75% for expats
  • Repayment terms up to 25 years
  • Loan amounts up to AED 20 million
  • Interest rates from 3.25% p.a. fixed for 12 months . Thereafter the rate moves to a variable interest rate structure which
  • currently is NBAD Mortgage Base Rate plus applicable margin
  • Financing for properties across the UAE
  • For UAE nationals and expatriates who currently have mortgage loan facilities with other UAE Banks
  • Free Life and Property insurance and free property evaluation for the first year for Elite Gold Customers
  • Flexible repayment options through salary or rentals
  • Salary transfer not required
Documents Required
  • Salary Transfer Letter, or salary certificate in case of buyout from another bank
  • Bank statement
  • Identification documents
  • Liability letter
  • Property details
** 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
Minimum Salary
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%