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Home Loan Provided By Ajman
Features of Ajman Home Loan
Ajman Bank has a mission of becoming the favorite financial services brands in the UAE, Ajman bank offers a different type of loan for every type of property:
Loan Amount:
- Up to 80% for UAE Nationals
- 75% for Resident Expatriates
- 50% for Non Residents
Other Features:
- Maximum Finance amount up to AED 15 Million.
- Maximum tenure up to 25 years.
- Free Like Takaful (Insurance) for complete loan term
- Financing available for Freehold & Non Freehold properties
- Financing available for Residents & Non Residents,
- Widest geographical coverage.
- Quick and Fast Approvals
Eligibility Criteria of Ajman Home Loan
- UAE Nationals : 21 Years - 70 Years on maturity of finance (Salary starting from AED 15,000 per month)
- UAE Resident - Expats : 21 Years - 65 Years on maturity of finance (Salary starting from AED 20,000 per month)
- Non Residents : 30 Years - 65 Years on maturity of finance (Salary starting from AED 40,000 per month)
Documents Required of Ajman Home Loan
- Duly completed and signed application form (All alterations must be authenticated by applicants).
- Original seen valid passport copy
- Valid residence visa copy(Expat)
- Free zone ID copy (for Free zone companies)
- In case of female applicant who is sponsored by her father, husband, brother etc., the labor card will be required
- UAE ID Card (for UAE residence)
- Original seen Full Khulasat al Qaid copy for UAE nationals
- Customer declaration to be signed off by customer confirming the source of DP is self and not by finance
- Processing fees slip (when applicable)
- Original liability letter (in case of Settlement of debits)
- Valid employment card copy (for Government /Semi Government sector / free zone companies except MOD) when applicable
* Note that the bank may ask for more documents if it sees necessary.
Ajman Home Loan Interest rates
3 Ajman Bank Home Loans
Home Finance for UAE Nationals
Features
- Follows Islamic banking principles
- UAE Nationals are eligible
- Home Finance is provided at a fixed interest rate of 1.98%
Features
- Follows Islamic banking principles
- UAE Nationals are eligible
- Minimum salary of AED 15000 is required
- Home Finance is provided at a fixed interest rate of 1.98%
- Home Finance is provided on a reducing interest rate of 3.59%
- 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 25 years
- 20% of the property value should be paid as the down payment
- 1% of outstanding loan amount is charged on early settlement
Benefits
- 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
Home Finance for Expats
Features
- Follows Islamic banking principles
- UAE Residents(Expats) are eligible
- Home Finance is provided at a fixed interest rate of 1.98%
Features
- Follows Islamic banking principles
- UAE Residents(Expats) are eligible
- Minimum salary of AED 20000 is required
- Home Finance is provided at a fixed interest rate of 1.98%
- Home Finance is provided on a reducing interest rate of 3.59%
- 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 25 years
- 25% of the property value should be paid as the down payment
- 1% of outstanding loan amount is charged on early settlement
Benefits
- Takaful life insurance is provided for free
- Salary transfer is optional
- 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
Home Finance for Non-Residents
Features
- Follows Islamic banking principles
- Non Residents of UAE are eligible
- Home Finance is provided at a fixed interest rate of 2.53%
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
About 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