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Thank you for providing your details.Ajman Bank Home Finance for Non-Residents
Home Finance for Non-Residents
Features
- Follows Islamic banking principles
- Non Residents of UAE are eligible
- Minimum salary of AED 40000 is required
- Home Finance is provided at a fixed interest rate of 2.53%
- Home Finance is provided on a reducing interest rate of 4.59%
- Salary transfer to Ajman Bank account is not required
- Maximum loan amount provided is AED 15000000
- Takaful insurance for life and property is required
- 1% of the total loan amount is charged as processing fees
- The loan is provided for a maximum tenure of 15 years
- 50% of the property value should be paid as the down payment
- 1% of outstanding loan amount is charged on early settlement
Benefits
- Provides loan for Non-Residents of UAE
- Takaful life insurance is provided for free
- High finance is provided
- Quick processing and approval of the loan
- Less documentation
- Low-profit rates
- Follows sharia banking laws
- Can get pre-approval details
- Provides finance to both residential and commercial properties
- Can get finance for purchasing under construction properties
Frequently Asked Questions
⭐ Do Non-Residents needs to have a bank account in UAE?
A. Yes, Non-Residents need to have a bank account in UAE.
⭐ Should I transfer my salary to Ajman Bank account?
A. No, salary transfer to Ajman Bank account is not mandatory.
⭐ What is the maximum finance provided for Non-Residents?
A. The maximum finance provided for Non-Residents is AED 15 Million.
⭐ What is the down payment do Non Residents need to pay?
A. Non-Residents needs to pay 50% of the property value as down payment.
⭐ Do I need to provide salary certificate?
A. Yes, if you are a salaried individual then the salary certificate is mandatory.
⭐ Are self-employed Non-Residents are eligible?
A. Yes, self-employed Non-Residents are eligible to get a mortgage loan from Ajman Bank.
⭐ To get pre-approval details do I need to provide property documents?
A. No, to get pre-approval details property documents are not required.
⭐ What is the minimum age for Non-Residents to eligible for the loan?
A. Non-Residents needs to be minimum 30 years to be eligible for the finance.
⭐ What is the maximum age for Non-Residents to eligible for the loan?
A. The maximum age of Non-Residents should be 65 years to be eligible for the loan.
⭐ What is the maximum tenure of the loan provided?
A. The loan is provided for a maximum tenure of 15 years.
⭐ What are the required documents for Non-Residents?
A. Non-Residents needs to provide valid passport, trade license (self-employed), salary certificate(salaried individuals), last 6 months bank statements.
Ajman
Ajman Bank, launched in 2009 is a young, agile Islamic commercial bank that is built on the values of trust, integrity, and transparency. The Emirate's government owns 25% in the bank which is again a strong support. Their way of measuring excellence is based on how efficiently you think they respond to your financial needs. They have brought the human touch back to banking by listening to you.
Ajman Bank Personal Finance is based on the Islamic financing structure of Murabaha, a commercial transaction which involves the buy and sale of goods that has been promised to be purchased by an ultimate buyer with an added profit margin.
Get in touch with Ajman Bank Customer Care