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
Remedial/Restructuring/ “Sulh” /Contract Amendment
AED 3,000/-
AED 3,000/-
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
Takaful Charges**
Life Takaful (per month)
0.02226% of fixed outstanding principal
Disclaimer:Disclaimer: Amlak Finance PJSC may, from time to time change or modify its fees & charges schedule as it deems fit subject to UAE Central Bank Regulations and ISSC guidelines.These tariffs are applicable (in accordance with the relevant facility agreement) 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.
For Finance agreement executed prior to 2024, Amlak Base rate is calculated based on cost of finance plus margin excluding customer margin.
From 2024 onward, Amlak base rate on all new or amended finance agreements will be calculated based on 6-months EIBOR (minimum 5% and cap of 7%) plus margin, excluding customer margin, as determined and published by Amlak from time to time.
Customer Margin is calculated in accordance with the terms of the finance agreement.
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
**Rates mentioned are indicative. Takaful rates may vary based on outcome of medical tests undertaken through the Takaful provider appointed by the Bank.
**Takaful coverage period is restricted to the maximum age criteria defined under the Policy issued by the Takaful provider appointed by the Bank.
Rate calculation is a combination of Amlak base rate + margin as per the finance document.