Fees & Charges

Fees & Charges

Standard Schedule of Fees and Charges

Fee Type / Category

Retail Segment*

Commercial Segment

Processing Fees

Upfront Processing Fees

AED 1,500/- per application

AED 3,000/- per application

Processing Fees

1% of Financed Amount

1% of Financed Amount

After Sale Services

Offer Letter Amendment Fees

AED 1500/-

AED 1500/-

Extension Fee (Pre-Approval/Offer Letter)

AED 1,500/-

AED 1500/-

Copy of Statement/Documents from File

AED 100

AED 200/- per unit

Liability Letter Issuance

AED 85

AED 100/- per unit (max of AED 3000/-)

Property Management Service

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

4% of the last annual rental amount, if finance is settled within the first five years

Property Swaps Administration fees

AED 1320 (including Valuation)

Not Applicable

Miscellaneous Fees

Restructuring/Remedial/Restructuring/ “Sulh” /Contract Amendment

AED 3,000/-

AED 3,000/-

Donation Amount for Late Payment (Payable to Charity)

2.5% max of AED 700/-

2.5% max of AED 700/-

Cheques Return Charges

AED 250/-

AED 250/-

SI/DDS Return Charges

AED 250/-

AED 250/-

Release of Police Case

AED 500/- per case

AED 1,000/- per case

NOC issuance

AED 100

AED 150

Issuance of other certificates

AED 75

Nil

Non-standard statement production /copy of original documentation

AED 100

Nil

Clearance Letter

AED 95

Nil

Request of other letters

AED 90

Nil

Property Valuation
Based on Property Value as below:

Up to AED 10,000,000

AED 3,500/-

AED 3,500/-

AED 10,000,001 – AED 15,000,000

AED 5,000/-

AED 8,000/-

AED 15,000,001 – AED 25,000,000

AED 8,000/-

AED 10,000/-

More than AED 25,000,000

Minimum AED 10,000/- or Actual Cost as per third party (whichever is higher)

Minimum AED 10,000/-, or Actual Cost as per third party (whichever is higher)

Settlement Charges

Partial Prepayment / Full settlement (Own Funds)

Note:
– No more than 2 partial prepayment in 12 months
– Minimum principal prepayment to be AED 25,000

1.0 % of Pre-paid/Outstanding Amount, maximum AED 10K

1% of Pre-paid Amount

Full settlement (Buyout by other Banks )

1.0 % of Outstanding Finance Amount, maximum AED 10K

0 – 5 years = 3% of Outstanding Financed amount
> 5 years = 1% of Outstanding Financed amount

Fast Track Services

Liability Letter Issuance (1 Working Day)

NA

AED 500/-

Final Settlement (3 Working Days)

NA

AED 1000/-

Property Handover NOC (1 Working Day)

NA

AED 3,000/-

Property Valuation (1 Working Day)

AED 2,500/-

AED 2,500/-

Note: 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 to both Retail customers as well as Commercial Customers as determined by Amlak’s policies and procedures in line wtih Central Bank regulations from time to time./em>

All fees and charges are exclusive of VAT.
*Persons of determination will be eligible for a 10% discount across all fees and charges- Applicable to Retail Segment only

About Amlak Finance

About Amlak

Amlak Finance PJSC is a leading specialized real estate financier in the Middle East. Since its establishment in November 2000 as the region’s pioneer financial services provider, it has provided its customers with innovative, Sharia-compliant property financing products and solutions designed to meet the rapidly evolving market demands.