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Abu Dhabi Finance launches non-resident mortgage
- United Arab Emirates: Sunday, August 30 - 2009 at 15:41
Abu Dhabi Finance has launched a mortgage called Compass, aimed at salaried non UAE-residents who want to buy residential property in the capital. It will offer up to 75% mortgage finance. Those who are self-employed will get a maximum of 70% finance. The minimum loan amount will be Dhs250,000, with the maximum depending on the individual applicant's circumstances. Loan length is up to 30 years or when the applicant reaches 70 years old. Applicants can also pay up to 10% of the outstanding loan once a year without incurring early repayment charges.
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StaffSunday, August 30 - 2009 at 15:41 UAE local time (GMT+4)
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