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CATEGORYFEES1
Origination Fees
Application Fee

 Not applicable 

Processing Fee
  • 1.575% of original loan amount
  • Minimum Processing fee of AED 1,575
Valuation Fee Depending on nature of equipment & number of items to be valued
Account Management Fees
Full Repayment Fees (FRF)2
  • FRF for buyout : 4.20% of the outstanding loan amount at the date of repayment
  • FRF from own fund/ or sale of property: 2.10% of the outstanding loan amount at the date of repayment
Partial Repayment Fees (PRF)2
  • PRF for buyout: 4.20% of the extra repaid amount at the date of repyament
  • PRF from own fund/ or sale of property: 2.10% of the extra repaid amount at the date of repayment
Loan Closure Administration Fee3 AED 1,050
Offer letter cancellation Fee4 AED 1,050
Fees for Letters
Liability Letter AED 105 per occurrence
No Objection Certificate (NOC)/ Clearance letter AED 787.50 per occurrence
Other Fees
Offer Letter Renewal AED 1,050 per occurrence
AIP Renewal AED 1,050 per occurrence
Change in Approval Terms (Post disbursement) AED 1,050 per occurrence + Valuation Fee + any associated fees incurred from relevant Registration Authority or Developer if applicable
Loan Restructure Fee AED 2,100 per occurrence
Late Payment Fee AED 1,050 applied on a monthly basis on any payments overdue by 10 days or more
Default Rate Default interest shall mean: (a) where there is an event of Default5 or where an account is delinquent for more than 60 days, an additional 400 basis points shall be added to the existing interest rate (the “60 Day Penalty Rate”); and (b) where the event of Default or an account remains to be delinquent for more than 90 days, a further 400 basis points shall be added to the 60 Day Penalty Rate.
Returned Cheque / Direct Debit Fee AED 262.50 per returned cheque / dishonoured or failed Direct Debit
Replacement of Cheque / Amendment to DDS Account AED 262.50 per cheque replacement / amendment
Change in payment date AED 525 per occurrence
Permanent change in payment mode AED 262.50 per occurrence
Deferment of an instalment AED 367.50 per occurrence
Duplicate of Statement/Documents AED 262.50 per request
Security Registration and Discharge In accordance with the standard fees and charges of the relevant Registration Authorities
Equiptment Tracking and Tagging In accordance with the standard fees and charges of the relevant tracking and tagging services provider
Equiptment Insurance Mandatory

The above fees and charges apply to UAE Nationals and UAE Residents only. All fees and charges mentioned above are inclusive of Value Added Tax (VAT) and are subject to change at two months’ notice at the sole discretion of Abu Dhabi Finance PJSC. Conditions apply.

1 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 1,575).

Unless specified otherwise in the Offer Letter.

3 Fee paid upon closure of the Loan at any time. Fee reduces to AED525 if the Loan is repaid from own resources or the property is sold. this fee include the issuance of one clearance letter and one No Objection Certificate.

Payable if the applicant cancels the application after an offer letter is produced but before disbursement. 

5 The term Default shall have the mesaning ascribed to it in the standard loan terms and conditions. 

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