Fees & Charges
Standard Schedule of Fees and Charges
Fee Type / Category
Retail Segment*
Commercial Segment
Processing Fees
Upfront Processing Fees
1,500/- per application
3,000/- per application
Processing Fees
1% of Financed Amount
1% of Financed Amount
After Sale Services
Offer Letter Amendment Fees
1500/-
1500/-
Extension Fee (Pre-Approval/Offer Letter)
1,500/-
1500/-
Copy of Statement/Documents from File
100
200/- per unit
Liability Letter Issuance
85
100/- per unit (max of 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
1320 (including Valuation)
Not Applicable
Miscellaneous Fees
Remedial/Restructuring/ “Sulh” /Contract Amendment
3,000/-
3,000/-
Cheques Return Charges
250/-
250/-
SI/DDS Return Charges
250/-
250/-
Release of Police Case
500/- per case
1,000/- per case
NOC issuance
100
150
Issuance of other certificates
75
Nil
Non-standard statement production /copy of original documentation
100
Nil
Clearance Letter
95
Nil
Request of other letters
90
Nil
Property Valuation
Based on Property Value as below:
Up to 10,000,000
3,500/-
3,500/-
10,000,001 – 15,000,000
5,000/-
8,000/-
15,000,001 – 25,000,000
8,000/-
10,000/-
More than 25,000,000
Minimum10,000/- or Actual Cost as per third party (whichever is higher)
Minimum 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 25,000
1.0 % of Pre-paid/Outstanding Amount, maximum 10K
1% of Pre-paid Amount
Full settlement (Buyout by other Banks )
1.0 % of Outstanding Finance Amount, maximum 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
10K 500/-
Final Settlement (3 Working Days)
NA
10K 1000/-
Property Handover NOC (1 Working Day)
NA
10K 3,000/-
Property Valuation (1 Working Day)
10K 2,500/-
10K 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.