What are the advantages of ADIB Buy a House?
The advantages of ADIB Buy a House make it one of the most attractive home financing options in the UAE. Whether you are a first-time buyer or an experienced investor, this financing solution offers benefits that cater to different needs. Here are the key advantages:
↪ High financing amount – Get up to AED 30 million or up to 85% of the property value, making it easier to afford your dream home.
↪ Competitive profit rates – Starting from 3.99% per annum, fixed for the first three years, ensuring stable and predictable payments.
↪ Flexible repayment terms – Repay over a period of up to 25 years, allowing you to manage your finances efficiently.
↪ ADIB-paid property insurance – The bank covers the cost of property insurance, reducing your financial burden.
Who can apply for this loan?
To qualify for the ADIB Buy a House financing, applicants must meet the following requirements:
✔ Must be a UAE national or an expatriate residing in the UAE
✔ Must have a minimum monthly income as per ADIB’s policy
✔ The property must be located in the UAE and meet ADIB’s eligibility criteria
✔ Applicants should have a good credit score and meet the bank’s affordability assessment.
✔ A salary transfer to ADIB may be required for certain financing options.
What are the fees and charges?
When applying for ADIB Buy a House, it’s essential to understand the associated costs. Here are the primary fees:
✔ Processing Fee: 1% of the financing amount (capped at AED 25,000)
✔ Valuation Fee: AED 2,500 (plus VAT), depending on the property’s location and value.
✔ Life Takaful Insurance: Varies based on age and financing amount.
✔ Early Settlement Fee: 1% of the remaining financing amount (capped at AED 10,000).
✔ Late Payment Fee: As per ADIB’s policy, following Sharia-compliant guidelines.
A piece of advice for you!
Before applying, it’s crucial to assess whether the advantages of ADIB Buy a House align with your financial goals. Homeownership is a significant commitment, and taking on a mortgage requires careful planning. Ensure you have a stable income, a clear repayment strategy, and a good credit standing before proceeding.
Additionally, take advantage of ADIB’s instant pre-qualification process to check your eligibility before committing. This step will help you understand how much financing you qualify for and whether it fits within your long-term budget.
Lastly, while the advantages of ADIB Buy a House make this financing option attractive, always compare different mortgage solutions and choose the one that best suits your needs. ADIB’s flexible terms and competitive rates make it a top choice, but financial stability should always come first.
Click here and apply for ADIB Buy a House!
Are you ready to take the next step toward homeownership? With the advantages of ADIB Buy a House, securing your dream home in the UAE has never been easier. Click the button below to visit ADIB’s official website, where you can find all the details and start your application process today.
Take advantage of this Sharia-compliant home financing solution and make your homeownership dreams a reality!