Top-Up Loan
| Islamic Finance | No |
| Minimum Salary | AED N/A |
| Minimum Age | 21 years |
| Maximum Age | 65 years |
| UAE Nationals Eligible | Yes |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | Yes |
| Salary Transfer Required | No |
| Employment Criteria | Existing home loan borrowers with satisfactory account conduct. |
| Minimum Loan Amount | AED N/A |
| Maximum Loan Amount | AED 5,000,000.00 |
| Minimum Loan Tenure | N/A months |
| Maximum Loan Tenure | N/A months |
| Flat Interest Rate: | N/A |
| Reducing Interest Rate: | 3.50% - 3.50% + 3 months EIBOR (fully variable interest rate). |
| Processing Fee: | 1.00% - 1.00% of loan amount, max AED 25,000 + VAT. |
| Early Settlement Fee: | 1.00% - 1% of outstanding loan balance, max AED 10,000 + VAT. |
| Late Payment Fee: | 2.00% - 2% of overdue amount, max AED 700. |
| Insurance Fee: | N/A |
Required Documents
Property valuation report, proof of existing home loan, Emirates ID.
Additional Benefits
Equated Monthly Installments (EMI) on a reducing balance basis.
Features:
Top-up facility for home loan borrowers, flexible tenure, property-based loan limit.
General Notes
Loan terms subject to periodic EIBOR rate changes.
