#1
December 25th, 2017, 03:02 PM
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National Bank Of Abu Dhabi Housing Loan
Hi buddy as I want to apply for National Bank Of Abu Dhabi Housing Loan, so would you plz let me know about this loan Interest Rates here ??
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#2
December 26th, 2017, 08:41 AM
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Re: National Bank Of Abu Dhabi Housing Loan
National Bank of Abu Dhabi is a bank operating in the United Arab Emirates. NBAD is the largest lender bank in the Emirate of Abu Dhabi and the second largest lender in the United Arab Emirates. National Bank Of Abu Dhabi Housing Loan Interest Rates Updated on 25 Oct 2017 NBAD Home Loan Details Interest Rate (Monthly reducing balance) 2.94% Interest Rates - Mortgage Loans 2.94% p.a. fixed for 12 months, variable thereafter Granted Land or Government Housing Schemes 8% p.a. on new loans, based on a variable interest rate structure, NBAD Mortgage Base Rate, plus margin Eligibility The loan facility is available for both UAE citizens as well as to Expatriates residing in UAE. This loan is provided to customers for funding properties within approved properties of empanelled developers or for properties that are purchased from real estate developers. Income proof has to be provided at the time of application. The applicant has to provide a UAE residence address proof. Fees and Charges The following charges and fees are applicable for all the home loans including the refinancing options: The processing fee is charged at 1% of whatever the total approved finance amount is. However, the minimum should be AED 5,000. 0.0365% is charged for insurance each month on the outstanding balance of loan amount balance for standard cases. 0.05% every year is charged over the sum assured as property insurance. The property evaluation fee is chargeable at a range of AED 3,000 to 8,000. Property management charges are taken @ 4% of the rental amount. To reschedule loan AED 3,000 is charged. Early settlement fee is generally taken at 1% of the amount paid off but it can exceed AED 10,000. Late payment fees are taken at 2% of the amount that was due and has not been paid. |
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