Home Loan Provided By Amlak Finance

Features of Amlak Finance Home Loan

• Finance available for all completed residential properties in Dubai and Abu Dhabi
• Compliant with the principles of Shariah
• Salary transfer is not required
• Maximum finance amount, up to 80% of the value of the property
• Competitive profit rates based on customer credit profile
• Longer tenures, up to 300 months

Finance Criteria

• Finance available, up to 80% for all ready properties
• Minimum Finance Amount: AED 100,000/-
• Maximum Finance Amount: AED 10,000,000/-

Eligibility Criteria of Amlak Finance Home Loan

• Available to all UAE residents, salaried, self employed individuals and companies/establishments registered in UAE
• Minimum age at application: 21 years.
• Maximum age at end of finance: 65 years
• Maximum Tenure Up to 25 years for UAE Nationals and Expatriates
• Maximum Tenure Up to 10 years for Company or Establishment

Documents Required of Amlak Finance Home Loan

For General Customers

• Completed application form signed by all applicants (including co-applicants)
• For UAE Nationals - copy of valid passport including last page
• For Expatriates - copy of valid passport with valid UAE Residence Visa (minimum 3 months remaining validity), Home Country Residency proof and telephone numbers Emirates Identity Card copy
• Latest 6 months Bank Statement (Company and Personal)
• Liability Letter/facility from the bank, if the applicant has any other outstanding finance (not older than 30 days)
• Proof of other income (e.g. rental/sponsorship)
• Copies of property documents {e.g. title deed (refinance cases), SPA etc.}
• Copies of receipts of down payment/progress payment made to developers
• Copies of Title Deed, Affection Plan, construction cost estimates, approved floor plan for self construction cases
• Execution of all relevant finance documents on approval (e.g. offer letter, lease agreements etc.)

For Salaried Customers

• Salary certificate (not older than 30 days) and stating confirmed service, previous employment letter (if less than 2 years with current employer)

For Self Employed/Company

• Copy of Valid Trade License, Chamber of Commerce Registration and Memorandum & Articles of Association of the Company
• If the applicant is a shareholder in a free zone company, copy of the Share Certificate to be provided
• Latest 2 - 3 years' audited financial statements (should be signed by the Director/Authorized Signatory of the company). In-house financials are not acceptable
• Board resolution signed by all directors, if availed in the company name. If the finance is obtained in the firm name, all partners must sign the resolution for availing finance
• Relevant Passport copies of partners/directors