Buyout Loans

Make the move to NBAD to reduce your monthly mortgage instalments

With our attractive interest rates you could lower mortgage repayments or release extra funds

Buyout Loans from NBAD

Required documents

  • Liability letter
  • Bank statement
  • Property details
  • Salary transfer letter or salary certificate in case of buyout from another bank
  • Copy of valid Passport / Visa / Emirates ID (Originals must also be presented)

Fees and charges

Processing fee 1% of approved loan amount (min. AED 5,000)
Life insurance 0.0365% per month on outstanding loan balance on standard cases
Property insurance 0.05% p.a. on sum assured
Property evaluation fee Between AED 3,000 to AED 8,000
Property management fee 4% of rental amount
Late payment fee 2% of the delayed amount (min. AED 50, max AED 200)
Loan rescheduling fee AED 3,000
Early settlement fees 1% of the amount prepaid/outstanding (Or in case of Buyout a maximum of AED 10,000)
Mortgage Base: Applicable NBAD Mortgage Base Rate (MBR)

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Ways to Apply

Visit a Branch

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800 22 11

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+971 2 635 8001

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