| Mortgages |
| Type of Services |
Segment/Parameters |
(Fees & Charges) |
| * Pre-Approval Fee | Salaried | AED 1,575 |
| | Self-employed | AED 2,100 |
| | Non-resident | AED 2,100 (for both Salaried and Self-employed) |
| | Brokers, Existing Elite with LOR >=1yr & Private Banking customers | Waived |
| Processing Fee | NTB | 1% of Approved Loan/finance amount (VAT is applicable) with Minimum of AED 5,250 |
| | Buyout | Nil, Customer seeking additional equity i.e. Buyout & equity, 1% processing fee applicable on the Equity release/incremental amount (VAT is applicable) |
| | Existing Elite customers | 0.75% of Approved Loan/finance amount (VAT is applicable) with Minimum of AED 5,250 to existing Elite clients maintaining AED 400K balance or salary transfer to CBD of AED 40K for last 3 months. |
| *Pre-Approval charges shall be adjusted towards processing fee once full case is submitted within the validity of pre-approval (60 Days) |
| Early settlement from the same bank loan/finance | Loan closure / full settlement from own source or through sale proceeds | 1% of the outstanding amount (VAT is applicable) or AED 10,500 whichever is less |
| Early settlement from other bank (Buyout) | Loan closure / full settlement through other banks / transferring loan/finance | 1% of the outstanding amount (VAT is applicable) or AED 10,500 whichever is less |
| Partial payment | Applicable on the pre-paid amount | - Free up to 15% of the outstanding amount per year
- 1% capped at Max. AED 10,500 on the partial settlement amount exceeding 15% outstanding amount per year (VAT is applicable)
|
Revalidation (these are standalone charges & should not be adjusted against processing fee) | Revalidation of conditional approval / Pre-approval | AED 525 across all segments |
| Amendments to offer letter | AED 1,050 |
| Insurance | Life Insurance premium | 0.01167% (per month) under the group Insurance coverage on yearly renewable term policy (VAT is applicable)
|
| Property Insurance premium | 0.040 % per year subject to change as specified by the Policy provider (VAT is applicable) |
| Property Valuation | Residential | AED 3,150 for single residential properties *additional charges apply for multiple units |
| Penal Interest/ Penalty and Charges | | Additional interest of 2% on the delayed amount for the delayed period. In addition to the penal interest, AED 200 per past – due amount occurrence with maximum penal interest capped at AED 700.00
|
| Letter issuance charges | Liability letter | AED 89.25 |
| Reissuance of Clearance Letter | AED 99.75 |
| Issuance of NOC to Rent Committee, RERA, Developer & any other Competent Authority | AED 157.50 |
Revalidation of conditional approval / Pre-approval
|
AED 525 across all segments |
| Others charges | Copy of Repayment Schedule | AED 78.75 |
| Copy of Offer Letter, mortgage Contracts and Title Deed | AED 105 per document, per instance |
| Amendments to existing loan/finance structure(If requested by the borrower) | AED 3,150 |
| Property swaps administration fees | AED Max 1386 (valuation included) |
| Request of any other letters | AED 94.50 |
| Any other certificate | AED 78.75 |
| Non-standard statement production/copy of original documentation | AED 105 |
| Additional conditions referring to Fees | | All fee for Transfer, Assignment, Registration with Developer, Land Dept., Municipality and any standard governmental fees and any other tax or applicable charges to be borne by the applicant on actual basis |
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