Home Loans Mortgage Home Saver
Homes last forever. Home loans shouldn't
A unique solution that helps you save on interest cost and get you closer to owning your home
- Own your home faster– loan tenure can be reduced by up to 15 years* on a loan term of 25 years
- More savings on interest cost– enjoy more than 90%* savings on interest cost on a 25 year loan term
- Flexibility and control– a unique loan account linked to a highly flexible interest bearing bank account
- Experienced and dedicated Mortgage Relationship Managers to guide you through the entire loan application process
- Dedicated after-sales mortgage service and helpline desk
- Ability to switch to a different mortgage variant anytime during the loan maturity period
- Flexibility to partially settle your mortgage loan anytime
*Calculated on a loan tenure of 25 years
- Financing up to 80% of property value
- Competitive interest rate options
- Repayment tenure of up to 25 years
- Flexibility to partially settle your mortgage loan anytime
- Refinancing options available
- Fixed rate options
How TouchPoints are awarded:
- 200 TouchPoints will be earned for every AED 1,000 of loan amount, upto a maximum of 500,000 TouchPoints.
Please click here.
ADCB loans will be made available at the sole discretion of ADCB, subject to ADCB's terms and conditions and upon submission of documentation acceptable to ADCB. To view the full Consumer Banking terms and conditions, click here.
| SR No | Salaried | Self-employed |
|---|---|---|
| 1 | Completed application form | Completed application form |
| 2 | Proof of booked property if any
Declaration of source of down-payment |
Proof of booked property (if any)
Declaration of source of down-payment |
| 3 | Valid Passport, Visa & EIDA Card copy | Valid Passport, Visa & EIDA Card copy |
| 4 | Last 6 months bank statements copy | Last 6 months bank statements copy for both personal and company accounts |
| 5 | Salary Certificate, issued to ADCB and dated 30 days or less from date of loan application | Valid Trade License copy (If applicable: Memorandum of Association/ Articles of Association) |
| 6 | Salary transfer letter (if transferring salary to ADCB) | Valid Power-of-Attorney copy (if applicable) |
| 7 | Details of existing loans/liabilities | Details of existing loans/liabilities |
Comparison for a loan amount
| Loan Pay-off | Standard Home Loan | Home Saver |
|---|---|---|
| Loan amount | 80,000 | 80,000 |
| Interest rate charged on loan | 3.99% | 4.49% |
| Original loan tenure (Years) | 8 | 8 |
| Interest rate paid on account balance | - | 4.00% |
| Average account balance maintained | - | 10,000 |
| Regular monthly installment | 975 | 993 |
| Actual installments required to be paid | 96 | 93 |
| Total payment towards loan | 93,578 | 92,394 |
| Total interest paid towards loan | 13,578 | 12,394 |
| Effective savings in interest cost (Even on higher loan rate) | - | 1,184 |
| Effective savings in interest cost (In % as compared to standard home loan) | - | 8.72% |
| Effective savings in tenor (How early you own the home) (Months) | - | 3 |
Disclaimer
The figures are based on indicative interest rates used for illustrative purposes only and do not apply to your loan, actual rates are subject to change. The computation of the benefits and savings is based on simulated figures and a number of underlying assumptions. Please consult your Relationship Manager/or visit the nearest branch/or send “HOMESAVER” as an SMS to 2626 for a call back to ensure that you receive complete information about the home saver product.
Enjoy a world-class customer experience when you bank with us.
Other ways to apply
Contact centre
Call our 24-hour contact centre on 600 50 2030.
Apply through SMS
SMS 'HOMESAVER' to 2626 from your registered mobile number.
Visit us
We will be happy to welcome you at any of our branches. Find the closest branch to you
