Abu Dhabi Commercial Bank (ADCB) offers a variety of home loan options designed to cater to both UAE Nationals and expatriates. Whether you are looking to purchase a property, refinance an existing loan, or invest in environmentally sustainable homes, ADCB has a range of products with competitive rates and flexible repayment options. This guide will detail the bank's three primary home loan products: the Standard Mortgage Loan, the Mortgage Home Saver, and the Green Home Loan.
The Standard Mortgage Loan from ADCB is ideal for individuals looking to purchase a residential property in the UAE. This loan offers flexibility in terms of repayment, competitive interest rates, and high loan amounts for both UAE Nationals and expatriates.
High Loan Amounts : Borrowers can secure loans up to AED 10 million, enabling the purchase of a wide range of properties in the UAE.
Financing : UAE Nationals can receive financing up to 85% of the property’s value, while expatriates can receive up to 75% financing. This allows borrowers to make lower down payments.
Flexible Repayment Terms : Borrowers can choose repayment terms of up to 25 years, offering manageable monthly payments.
Interest Rate Options : Borrowers can select from either fixed or variable interest rates, depending on their preference. Fixed rates offer payment stability, while variable rates fluctuate with the market conditions, offering potential savings during periods of lower rates.
Minimum Salary : Applicants must have a minimum monthly salary of AED 15,000.
Employment : Both salaried and self-employed individuals are eligible to apply for the loan.
The Mortgage Home Saver from ADCB is a unique home loan that links your mortgage to a current account. This allows you to reduce your interest payments based on the amount of savings you have in the linked account.
Interest Reduction : Every dirham deposited into the linked current account reduces the interest calculated on the loan. The more money you deposit, the less interest you pay.
Access to Savings : Unlike traditional savings accounts, the Mortgage Home Saver allows borrowers to access their funds at any time, while still reducing the interest on their mortgage.
No Prepayment Penalties : Borrowers can make additional payments to their mortgage without incurring prepayment charges, which allows faster loan repayment.
Flexible Repayment : Borrowers can choose loan terms up to 25 years.
This product is ideal for individuals who maintain regular savings or wish to have more control over their interest payments.
As part of its commitment to sustainability, ADCB offers the Green Home Loan, a product designed to promote environmentally friendly homes. This loan offers special benefits and incentives for borrowers purchasing eco-friendly or energy-efficient properties.
Lower Interest Rates : Borrowers purchasing environmentally certified homes can benefit from reduced interest rates, making this a cost-effective option in the long run.
Flexible Financing : UAE Nationals can receive financing up to 85% of the property’s value, while expatriates can receive up to 75% financing.
Sustainable Focus : This loan supports properties that are energy-efficient, reducing the overall carbon footprint of the housing sector and providing financial benefits to homeowners in terms of lower utility bills over time.
Long Repayment Terms : Borrowers can enjoy repayment periods of up to 25 years, making homeownership more affordable over the long term.
The information provided above is based on publicly available sources from ADCB as of 6th October and is intended for informational purposes only. It is not intended to provide financial or legal advice. While we strive to ensure that the information is accurate and up-to-date, details such as interest rates, loan amounts, and terms may change. We recommend that customers confirm the latest details directly with ADCB before proceeding with any home loan application. Please consult a qualified financial advisor for personalized advice regarding your specific circumstances.
ADCB offers three main types of home loans: the Standard Mortgage Loan, Mortgage Home Saver, and the Green Home Loan. Each product is designed to meet the different financial needs and preferences of UAE Nationals and expatriates.
ADCB offers home loans of up to AED 10 million, depending on the value of the property and the applicant’s income level.
The minimum monthly salary required is AED 15,000 for both UAE Nationals and expatriates.
UAE Nationals can finance up to 85% of the property’s value, while expatriates can finance up to 75%.
ADCB offers flexible repayment periods of up to 25 years for all home loan products.
The Mortgage Home Saver links your home loan with a current account, allowing you to reduce your mortgage interest by depositing money into the account. The more you save, the less interest you pay.
The Green Home Loan is a mortgage designed for individuals purchasing environmentally friendly, energy-efficient properties. It offers lower interest rates and additional incentives for eco-friendly homes.
Yes, expatriates can apply for ADCB home loans with financing available for up to 75% of the property value.
ADCB offers both fixed and variable interest rate options. Fixed rates provide stability over a specified period, while variable rates fluctuate with the market.
Yes, ADCB offers refinancing options for individuals looking to transfer their existing home loans from other financial institutions
The documents required include Emirates ID, passport copy, salary certificate (or audited financials for self-employed individuals), bank statements, and the property sale agreement.
The Mortgage Home Saver product does not have prepayment penalties, allowing borrowers to pay off their loans early without additional charges. For other home loan products, prepayment penalties may apply.
The Mortgage Home Saver reduces interest by offsetting the outstanding loan balance with the funds deposited in your linked current account. This lowers the interest amount calculated on the loan.
The Green Home Loan is specifically designed for properties that meet certain environmental standards or have been certified as energy efficient.
The processing time for a home loan depends on the complexity of the application and the completeness of the submitted documents. ADCB aims to process applications efficiently to ensure timely approvals.
FABCashback Credit Card
Minimum Salary AED 5,000
FIXED RATE 3.50%
LOAN AMOUNT 3.50%
REDUCING RATE 3.50%
DOWN PAYMENT 3.50%
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