Home Finance


  • Offered to both UAE Nationals and Expatriates
  • Offered to Salaried as well as Self -employed
  • Financing up to 80% of the current market value of selected property
  • Flexible Payment tenure of 25 years
  • Competitive profit rates
  • Easy processing and documentation
  • Nominal Processing fees
  • Salary Transfer not mandatory

Home Mortgage Finance is to suit your Mortgage needs. We offer financing for residential and commercial properties. We also offer refinancing options for customers who may already own a property or availing of a mortgage with another institution. Through our pre-approved option, you have the advantage of searching the property of your choice with a confirmed and approved finance facility in hand.

Fees and Tariffs

Processing fees  
1% of the finance amount  
Pre-approval fee  
AED 500  
Life Takaful  
0.36% of the outstanding loan amount at the beginning of each year  
Property Takaful  
0.042% p.a. of the property value for each year of loan tenor and recover it upfront from customer  
Partial settlement fees  
Partial settlement is allowed only once in a year. This is a lump sum payment in addition to the monthly instalments  
If amount part settled in a calendar year is up to 25% of the finance outstanding at the beginning of year – nil  
If amount settled in a calendar year is 25% or more of the loan outstanding at the beginning of year – 1% of the partial amount settled during the year  
Early settlement fees  
If settled due to buy-out by another bank  
1% subject to maximum AED 10,000/-  
If settled from other sources – 1%  


Applicants must be:

  • - A UAE National or resident expatriate.
  • - Employed (earning at least AED 15,000 per month and at current employer for at least 6 months) or self-employed (earning at least AED 20,000 per month and able to show audited finances for the past 2 years).
  • - Between 25 and 65 years old for expats, or up to 70 years old for UAE Nationals.

Terms and Conditions

Terms & Conditions Apply.

Al Wifaq reserves the right to change the profit rates, fees and tariffs, charges and terms and conditions at its own discretion, without any prior notice.

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