FEES & CHARGES

Fees & Charges

Our fees and charges are as follows :

Category

Fees*

Origination Fees

Application fee

AED 3,000 (non refundable, but offset against your processing fee)

Processing fee
  • 1.25% of original loan amount (maximum of AED 100,000) if fee is added to loan amount
  • 1.00% of original loan amount (maximum of AED 50,000) if fee is paid upfront
  • Minimum Processing fee of AED 3,000

Valuation fee

AED 3,000

Account Management Fees

Early repayment charges (ERC)
  • ERC for buy out: 4% of amount repaid during the term of the loan
  • ERC on sale of mortgaged property or where early repayment is made from borrower’s own resources: 2% of any amount repaid, if repayment is made in the first 3 years of the loan term.
  • No ERC payable if early repayment is made at any time thereafter.

Loan Closure fee**
(Transfer to another lender)

AED 2,000

Fees for Letters

Liability letter

AED 750 per occurrence

No Objection Certificate (NOC)/
Clearance Letter

AED 750 per occurrence

Other Fees

Offer Letter Renewal

AED 2,000 per occurrence

Approval in Principle (AIP) Letter

AED 3,000

AIP Renewal

AED 2,000 per occurrence

Change in Approval Terms
(Pre or Post disbursement)

AED 2,000 pre occurrence + Valuation Fee + any associated fees incurred from relevant Registration Authority or Developer if applicable

Late Payment fee***

AED 1000 per month

Returned Cheque fee

AED 250 per cheque

Replacement of Cheque

AED 250 per cheque

Change in payment date

AED 1,000 per occurrence

Permanent change in payment mode

AED 500 per occurrence

Deferment of an instalment

AED 350 per instalment

Duplicate of statement / Documents

AED 250 per statement/document

Registration of Mortgage

In accordance with Developer’s and relevant Registration Authority’s standard fees and charges

Loan Protection Insurance

Mandatory

Loan Protection Insurance opt out

0.25% of original loan amount for single applicant/ 0.40% of original loan amount for joint applicants per annum

Buildings Insurance

Mandatory for Completed Villas or Townhouses

The above fees and charges apply to UAE Nationals and UAE residents only. All fees and charges mentioned above are subject to change at the sole discretion of Abu Dhabi Finance pjsc. Conditions apply.

*Non refundable. If a further advance is made, the Processing fees as specified above are reduced to 75% of the standard amount (a minimum fee of AED 3,000).

**Fee paid upon closure of the loan when re-mortgaged to another lender (not paid if loan repaid from own resources or property sold) to include issuance of one Liability letter, one Clearance letter and one No Objection Certificate.

***Applied on a monthly basis on any outstanding payments overdue by 5 days or more.

 

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