|Application Fee||AED 3,000 (non refundable, but offset against your processing fee)|
|Valuation Fee||AED 4,000|
|Accounting Management Fees|
|Early Repayment Charges (ERC)||
Following the seventh anniversary of the Drawdown Date:
|Loan Closure Administration Fee2||AED 2,000|
|Offer Letter Cancellation Fee3||AED 2,000|
|Fees for Letters|
|Liability Letter||AED 100 per occurrence|
|No Objection Certificate (NOC) / Clearance letter||AED 750 per occurrence|
|Offer Letter Renewal||AED 2,000 per occurrence|
|AIP Renewal||AED 2,000 per occurrence|
|Change in Approval Terms (Pre or Post Disbursement)||AED 2,000 per occurrence + Valuation fee + any associated fees incurred from relevant Registration Authority or Developer if applicable|
|Loan Restructure Fee||AED 4,000 per occurrence|
|Late Payment Fee||AED 1,000 applied on a monthly basis on any payments overue by 10 days or more|
|Default Rate||A Default Rate of interest of 8.5% per annum will be charged if an account becomes delinquent for more than 60 days and up to 12% per annum if an account becomes delinquent for more than 90 days|
|Returned Cheque Fee/Direct Debit Fee||AED 250 per returned cheque / dishonoured or failed Direct Debit|
|Replacement of Cheque / Amendment to DDS account||AED 250 per cheque replacement/amendement|
|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/Document||AED 250 per statement / document|
|Manual Payment Administration Fee4||AED 200 per month|
|Registration of Mortgage||In accordance with the Developer’s and relevant Registration Authority’s standard fees and charges|
|Loan Protection Insurance||Mandatory - starting from 0.0417% of the outstanding loan amount per month|
|Insurance Assignment||AED 1,500|
|Loan Protection Insurance Opt Out Fee||0.35% of original loan amount for single applicant/0.50% of the original loan for joint applicanst per annum|
|Property Insurance||Mandatory starting from 0.04% of reinstatement value per annum, minimum of AED 250|
The above fees and charges apply to UAE Nationals and UAE Residents only. All fees and charges mentioned above are subject to change at two months’ notice at the sole discretion of Abu Dhabi Finance pjsc. Conditions apply.
- Non refundable.
- Fee paid upon closure of the loan at any time. Fee reduces to AED 500 if the loan is repaid from own resources or the property is sold. This fee includes 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.
- Manual Payment is any mortgage installment payment made into the account by cheque, standing instruction, bank transfer or cash deposit.