Standard Schedule of Fees and Charges

As of August, 2017

  


Category

Charge

Amlak Rate Starting From:

5.75%

Application Fees

Residents/Non Residents/Refinance (New Customers)

AED 5,000/-

Top Up (Existing Customers)

AED 3,000/-

Pre-approval fee    AED 1,000/- 

Processing Fees

1% of Finance Amount

 

After Sale Services

Offer Letter Amendment Fees

AED 3,000/-

Extension Fee (Pre-Approval/Offer Letter)

AED 1,500/-

Snag/Inspection Charges

AED 2,500/-

Property Handover Charges

AED 1,000/-

Copy of Statement/Documents from File

AED 100/-

Liability Letter Issuance

AED 100/-

Property Management Service4

4% of the last annual rental amount, if finance is settled in the first 5 years 

Miscellaneous Charges

Processing Fee –

AED 3,000/-

Additional Rental Restructuring  
Remedial/Restructuring/Consolidation  
“Sulh” Settlement  

Late Payment Fee (Payable to Charity)

2.5 % of Installment Amount

Cheque/SI/DDS Return Charges

AED 250/-

Release of Police Case

AED 500/-

Property Valuation

Based on Property Value as below:

Up to AED 10,000,000

AED 3,500/-

AED 10,000,001 – AED 15,000,000

AED 5,000/-

AED 15,000,001 – AED 25,000,000

AED 8,000/-

More than AED 25,000,000

Minimum AED 10,000/-

Prepayment Charges

Partial Prepayment

1.0 % of Pre-paid Amount, maximum AED 10,000

Own Funds

1.0 % of Outstanding Finance Amount, maximum AED 10,000

Buyout

1.0 % of Outstanding Finance Amount, maximum AED 10,000

Prepayment is subject to the terms of relevant documentation and UAE Central Bank Regulations.

Fast Track Services

 

Liability Letter Issuance (1 Working Day)

AED 1,100/-

Final Settlement (3 Working Days)

AED 3,000/-

Property Handover NOC (1 Working Day)

AED 3,000/-

Property Valuation (1 Working Day)

AED 2,500/-

Fast track charges are over and above the normal charges wherever applicable
 
Disclaimer: Amlak Finance PJSC may, from time to time change or modify its fees & charges as it deems fit subject to UAE Central Bank Regulations.These tariffs are applicable for individual customers buying residential property. The tariffs for other types of customers/ properties shall be advised on a case-by-case basis, which may go up to 1% for processing fees and AED 5,000 for application fees.

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