BUYOUT FROM OTHER BANK & LOAN AGAINST PROPERTY
Get additional equity on your existing property when your loan is moved from your existing financial institution. SNB HOME LOAN offers you the dual opportunity to cash out the difference between the unpaid balance of the existing mortgage facility & your current market value of the property.
Features
- Loan up to 85% for UAE Nationals & 80% for Expats
- Flexible fixed and variable Interest Rate options available
- Discounted Processing Fee
- Finance available for Freehold, Leasehold & Private Villas with title deed
- Flexible repayment periods up to 25 years
- No Salary Transfer required
- Life & Property Insurance available under Group Cover Policy
- Easy documentation & quick processing
Eligibility
- Minimum Monthly Income-Salaried AED 15,000 / Self-Employed AED 35,000
- UAE Nationals & Resident Individuals
- Saudi Nationals
DOCUMENTATION REQUIRED
Salaried:
- Copy of valid Passport
- Copy of UAE valid Resident Visa (for non UAE Nationals)
- Copy of valid Emirates ID (National ID for KSA Nationals)
- Residential Proof
- Salary Certificate
- Bank Statement/FTS
- Proof of other Income, if any
- Title deed
- Liability Letter
- Completed and duly signed Application Form
- Note: Other requirements may apply depending on customer profile and employer
Self Employed:
- Copy of valid Passport
- Copy of UAE valid Resident Visa (for non UAE Nationals)
- Copy of valid Emirates ID (National ID for KSA Nationals)
- Residential Proof
- Valid Trade License & MOA
- Personal & Company Bank Statement/FTS
- Audited Financials for last 2 years
- Bureau report (for KSA Nationals)
- Proof of other Income, if any
- Title deed
- Liability Letter
- Completed and duly signed Application Form
- Note: Other requirements may apply depending on customer profile
Property Insurance Terms & Conditions
Life Insurance Terms & Conditions
Home Loan Terms & Conditions
Home Loan FAQs
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