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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 up to 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 process
- Dedicated after-sales mortgage service and helpline
- 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
- Conventional Finance available
- Financing up to 85% of property value for UAE Nationals and 80% for Expatriates.
- Competitive Interest Rates with following structures:
- Hybrid Structure - Fixed for initial years and variable thereafter
- Variable Rate Structure - Based on relevant EIBOR + Margin
- Repayment tenure of up to 25 years
200 TouchPoints will be awarded for every AED 1,000 of loan amount, up to 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 | Last 2 years audited financial statements copy (For loan value greater than AED 2.5 Million) |
| 6 | Salary transfer letter (if transferring salary to ADCB) | Valid Trade License copy (If applicable: Memorandum of Association/ Articles of Association / Share Certificates) |
| 7 | Details of existing loans/liabilities | Details of existing loans/liabilities |
- If you do not keep up your repayments, you may lose your property
- You may have to pay penalties if you pay off a loan early
- If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future
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 rates selected and are for illustrative purposes only and do not apply to your loan. ADCB rates are subject to change. The computation is based on simulated figures and a number of underlying assumptions and possible rounding-off of figures. Please consult your Relationship Manager/or visit the nearest branch or call 600 50 2030 to ensure that you receive complete information about our loan 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