|Application Fee||AED 3,000 (non refundable, but offset against your processing fee)|
|Valuation Fee||AED 3,000|
|Accounting Management Fees|
|Early Repayment Charges (ERC)2||
|Loan Closure Administration Fee3||AED 2,000|
|Offer Letter Cancellation Fee 4||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 overdue by 10 days or more|
|Default Rate||A Default Interest Rate of up to 8.5% per annum may be charged if the 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 / 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 / amendment|
|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/ any Document||AED 250 per statement / document|
|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||0.35% of original loan amount for single applicant/ 0.50% of original loan amount for joint applicants per annum|
|Property Insurance||Mandatory starting from 0.042% per annum of reinstatement value minimum AED 312.50|
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.
- 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).
- Unless specified otherwise in the Offer Letter.
- 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.