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Among the first Islamic banks in the city to offer Islamic financial services, Ajman bank has been renowned since its inception for providing top-notch Islamic banking services to individuals, corporate, and government bodies. Such services are available for financing your home as well, with this value-based bank offering affordable home finance solutions. With Ajman Home Loan plans, purchasing a house in the UAE becomes easy and economical. Depending on your needs, the bank offers different types of IJARAH Home financing.
To know more about the available Ajman Mortgage Loan plans, the related features, and the eligibility criteria, read below to find more information on Ajman Bank IJARAH Home Finance.
Ajman Bank IJARAH Home Finance is a specially designed home finance solution under the bank's consumer banking division. This type of home loan in UAE is available in the following types:
Knowing about the features of the Ajman home loan will prove beneficial when you make comparisons to ultimately make a well-informed decision. Take a look at the following benefits that you can avail of -
Keeping the following documents handy will help smoothen the application process for the following types of Ajman Bank IJARAH Home Finance plans in the UAE:
While Ajman mortgage loan plans are attractive due to the various factors mentioned previously, an individual has to fulfil the eligibility criteria to avail of those benefits. Given below are the major eligibility criteria for Ajman home finances:
You can apply for the Ajman Bank Ijarah Home Finance by visiting their website or using their mobile application. Ajman Bank has a 24/7 customer care service. You can contact them anytime or visit their branch to learn more about their home finance solutions.
If you want an even shorter process for contrasting the best home loans in UAE and buying one, you can use Policybazaar UAE where you can discover the best financial services in the UAE online. Let’s check out see how you can use it to find the best home finance for your dream home.
Ajman Bank is renowned in the Islamic Banking domain in Ajman and throughout the UAE. Furthermore, it offers a variety of home loan products tailored to the needs of each customer. The variety of home finance is among the most notable points for why one can go with Ajman bank when buying a house and looking for a home loan in UAE. The other benefits that add to its excellent features are long loan periods, high loan-to-value financing, decent profit rates, etc.
The bank provides additional takaful (insurance) to protect your property during the mortgage loan term. With such features and provisions, Ajman Bank ensures that users get reasonable financial solutions along with adequate financial protection. You can always contact their round-the-clock customer assistance if you wish to learn more about Ajman Bank services.
Not, Ajman Bank offers mortgage services to all eligible individuals.
With Ajman Bank, completed properties are subject to a variable rate of profit on a reduction of balance basis. In contrast, construction properties are subject to a fixed rate. Ultimately, as the profit rate depends on the plan as well as the applicant’s financial conditions and more, you should connect with the bank to verify the specific profit rate provided to you.
As the name suggests, under-construction properties are buildings/houses that are in the construction phase, meaning that their owners cannot move in there yet. You can opt for a loan for properties still under construction with Ajman bank.
Besides maintaining a stable job for a prolonged period, you should ensure that you have a good Credit Score and fulfil all your financial obligations on time. These factors demonstrate your reliability regarding loans to the banks, which simplifies the process for you.
No. Owing to legal and financial restrictions, you can only opt for a maximum of 85% of the property value in terms of financing.