At ADCB, we understand that choosing the right home loan is just as important as finding the right home. Repayment terms, flexibility, savings, are all the things that you need to consider. Which is why we’ve introduced the Home Saver, a unique home financing solution that helps you save on interest and pay off your loan faster, making it easier for you.

This is how it works:

Home Saver facility allows you to link your home loan to a current account held with ADCB and comes with an interest earning benefit at an attractive rate on your current account. Interest earned on your account balances will be utilized as payment to the home loan every month in addition to the regular monthly installments that you pay towards your loan. This effectively brings down the home loan tenure helping you to repay you loan faster and also provides you a significant saving on the interest cost over the entire loan period.

Features
  • Own your home faster  
  • Loan tenure can be reduced up to 8 years* on a loan term of 25 years
  • More savings on interest cost 
  • Enjoy up to 60%* savings on interest cost on a 25- year loan term
  • Flexibility and control 
  • A unique loan account linked to a highly flexible interest bearing bank account
Additional Info

Eligibility:

Minimum Salary:

  • Salaried: UAE Nationals: AED 8,000 p.m./ Expatriates: AED 15,000 p.m.
  • Self Employed: Min average credits of AED 75,000/- p.m.

Interest Rate:

  •  Interest Rate: 5.49% fixed for 2 years, thereafter 6 months EIBOR + margin

Required Documents:

Salaried:

  • Completed application form
  • Proof of booked property if any
  • Declaration of source of down-payment
  • Photocopy of passport and visa
  • Bank statements for past six months (original)
  • Salary Certificate, issued to ADCB and dated 30 days or less from date of loan application
  • Salary transfer letter (if transferring salary to ADCB)
  • Details of existing loans/liabilities

Self-employed:

  • Completed application form
  • Proof of booked property if any
  • Declaration of source of down-payment
  • Photocopy of passport and visa
  • Bank statements for past six months for both personal and company accounts (original)
  • Copy of business Trade License & Chamber of Commerce & Industry
  • Details of existing loans/liabilities

Terms & Conditions apply

  • Approval of loan is at the sole discretion of ADCB upon submission of proofs and documentation acceptable as per ADCB’s policies and guidelines.
** 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.