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AMLAK OFFERS FINANCING FOR
PROPERTIES AT MAG 218
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| FINANCE CRITERIA |
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| Age |
Min 21 years, and maximum
60 years for salaried applicants and 65 years for self-employed
applicants. |
| Maximum term of finance |
up to 15 years |
| Maximum finance to value |
up to 90% |
| Profit rate |
6.95% per annum (Variable
on Reducing balance basis) |
| Mode of Finance |
Ijarah "Lease with
promise to sell to lessee" |
| Processing fees |
1% of the amount applied
for UAE Resident and 1.25% for Non-UAE Resident with minimum
AED 5,000. |
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| DOCUMENTS CHECKLIST |
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- Application form duly filled up.
- Passport Copy.
- Sarary Certificate addressed to Amlak stating,
length of employment, current position, and
breakdown of the package.
- Last six months bank statements where salary
is credited.
- Liability letter from bank if any existing
borrowings.
- Copy of sales agreement (a record for the
apartment from MAG 218)
- A cheque for processing fees.
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| In addition to documents above: |
- Copy of Trade License.
- Copy of Chamber of Commerce registration.
- MOA (Memorandum of Articles & Association).
- Last three years audited financial statements.
- Last six months personal and company bank
statements.
- Facility Letter from Bank (if any).
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- Non
UAE resident applicants
| In addition to documents above,
last 3 years tax returns is required. |
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AMLAK
FINANCE PJSC,P.O. BOX 2441,DUBAI, U.A.E
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