Origination Fees
Application Fee AED 3,150 (non refundable, but offset against your processing fee)
Processing Fee
  • 1.575% of original loan amount if fee is added to loan amount or paid upfront
  • Minimum Processing fee of AED 3,150
Valuation Fee
  • Land Finance only : AED 3,150
  • Document Audit : AED 4,200
  • Quantity Surveying per milestone drawdown : AED 3,675 per drawdown
  • Post Completion : AED 3,150
Account Management Fees
Full Repayment Fees (FRF)2
  • Variable Interest Rates: 1.50% of the outstanding loan amount at the date of repayment until the 6 year anniversary of the drawdown date
  • FRF not applicable post 6th year anniversary
Partial Repayment Fees (PRF)2
  •  Variable Interest Rates: 1.50% of the extra repaid amount until the 6th year anniversary of the drawdown date
  • PRF not applicable post 6 year anniversary
Offer Letter Cancellation Fee3 AED 2,100
Fees for Letters
Liability Letter AED 89.25 per occurrence
No Objection Certificate (NOC) AED 157.50 per occurrence
Clearance letter AED 99.75 per occurrence
Other Fees
Offer Letter Renewal AED 2,100 per occurrence
AIP Renewal AED 2,100 per occurrence
Change in Approval Terms (Pre or Post Disbursement) AED 2,100 per occurrence + Valuation fee + any associated fees incurred from relevant Registration Authority or Developer if applicable
Loan Restructure Fee AED 4,200 per occurrence
Late Payment Fee AED 735 applied on a monthly basis on any payments overdue by 10 days or more
Default Rate The Default4 shall mean: (a) where there is an event of Default 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 Fee/Direct Debit Fee AED 105 per returned cheque / dishonoured or failed Direct Debit
Replacement of Cheque / Amendment to DDS account AED 52.5 per cheque replacement/amendement
Change in Payment Date AED 262.5 per occurrence
Permanent Change in Payment Mode AED 525 per occurrence
Deferment of an Instalment AED 105 per occurrence
Non-Standard statement production/ Copy of original documention AED 367.50 per request
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 1,575
Loan Protection Insurance Opt Out Fee 0.3675% of original loan amount for single applicant/0.525% of the original loan for joint applicants per annum
Property Insurance Mandatory starting from 0.0441% per annum of reinstatement value, minimum AED 262.5 

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 3,150).

Unless specified otherwise in the Offer Letter.

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

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

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