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Mashreq Bank Home Loans for IFA
Mashreq Bank is committed to providing the best home finance option in UAE. Mashreq Bank having pioneered many innovative products and services, is proud to offer attractive interest rates on Home Loans. As pioneers of Home Loans, we can help you realise your dream.
The Relationship Officer will assist you and ensure that the approval is given to you within 7 working days.
The following are the documents required which will accelerate the approval for the home loan.
List of Documents required from Resident Purchaser
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Resident – Salaried
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Resident Self Employed
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Interest Rate : 6.5%
to 6.75% Fixed till Dec’07 then
3.5% to 3.75% + 1 yr EIBOR
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Interest Rate : 6.5%
to 6.75% Fixed till Dec’07 then
3.5% to 3.75% + 1 yr EIBOR
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Loan Tenor : 1 yr to 20 yrs OR
Age 60 whichever is earlier
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Loan Tenor : 1 yr to 20 yrs OR
Age 65 whichever is
earlier
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Loan to Value: up
to 70%
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Loan to value : up
to 70%
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Processing Fees: 1% or Dhs 10,000
whichever is lower
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Processing Fees: 1% or Dhs 10,000
whichever is
lower
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Documents Required
- Application
form
- Passport
& Valid Visa copy
- Salary
certificate (Previous employment certificate if less than year)
- Bank
statements – 6mths
- Cheque
of AED 3000 favouring MashreqBank as initial processing fee
- Liability
letter (if any)
- Property
documents – Sale Agreement
- Proof
of down payments
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Documents Required
- Application
form
- Passport
& valid visa copy
- Trade
License
- Copy
of Chamber of commerce registration
- Memorandum
& Articles of Association
- Financial
statements audited of last two years
- Profile
of the business on company letter head
- Bank
statements – company & personal for 6 months
- Cheque
of AED 3000 favouring MashreqBank as initial processing fee
- Liability
letter (if any)
- Property
documents – Sale Agreement
- Proof
of down payments
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Non-Resident Purchasers
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Non Resident – Salaried
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Non Resident - Self Employed
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Interest Rate :
7.25% Fixed till Dec’07 then
4.25 + 1 yr EIBOR
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Interest Rate :
7.25% Fixed till Dec’07
then 4.25 + 1 yr EIBOR
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Loan Tenor : 1 yr to 20 yrs OR
Age 60 whichever is earlier
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Loan Tenor : 1 yr to 20 yrs OR
Age 65 whichever is
earlier
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Loan to Value:ΚΚ up to 65%
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Loan to value :ΚΚ up to 50%
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Processing Fees: 1% or Dhs 10,000
whichever is lower
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Processing Fees: 1% or Dhs 10,000
whichever is
lower
|
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Documents Required
- Application
form
- Passport
copy
- Salary
certificate (Previous employment certificate if less than year)
- Bank
statements – 6mths
- Transfer
AED 3000 to Swift A/c BOMLAEAD-1098211101 as initial processing fee
- Liability
letter (if any)
- Property
documents – Sale Agreement
- Proof
of down payments
- Reference
letter from current banker
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Documents Required
- Application
form
- Passport
copy
- Copy
of Chamber of commerce registration
- Memorandum
& Articles of Association (or Partnership Deed stating profit
sharing ratio)
- Financial
statements audited of last two years
- Profile
of the business on company letter head
- Bank
statements – company & personal for six months
- Transfer
AED 3000 to Swift A/c BOMLAEAD-1098211101 as initial processing fee
- Liability letter
(if any)
- Property
documents – Sale Agreement
- Proof
of down payments
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