Fees & Charges
Standard Schedule of Fees and Charges
Category
Charge
Amlak Rate Starting From:
7.5%
Application Fees
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 85/-
Property Management Service
4% of the last annual rental amount, if finance is settled in the first 5 years
Miscellaneous Charges
Processing Fee
Additional Rental Restructuring Remedial/Restructuring/Consolidation “Sulh” Settlement
AED 3,000/-
Late Payment Fee (Payable to Charity)
2.5 % of Installment Amount, maximum AED 700
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/-
Settlement Charges
Partial Prepayment
1.0 % of Pre-paid Amount or AED 10,000 whichever is lower
Own Funds
1.0 % of Outstanding Finance Amount or AED 10,000 whichever is lower
Buyout
1.0 % of Outstanding Finance Amount or AED 10,000 whichever is lower
Prepayment is subject to the terms of relevant documentation and UAE Central Bank Regulations.
Fast Track Services
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 and charges as it deems fit subject to UAE Central Bank regulations. These tariffs are applicable to the Retail client segment that is defined by Amlak’s internal policy. The tariffs for other types of customers/ properties shall be advised on a case-by-case basis.
*Rate calculation is a combination of Amlak base rate + margin.
All fees and charges are exclusive of VAT. Fees and charges are effective as of 8th October 2019.