SNB UAE
Loan against Property
Loan against Property
Loan against Property
Affordable, flexible & easiest way to cash out the equity from your fully paid up & mortgage free property. SNB HOME LOAN allows you the advantage to unlock the wealth tied up in your property. Access the fund with equity release option which can be useful to cover your expenses for buying new property, renovation or construction.
Features:
- Loan up to 85% for UAE Nationals & 80% for Expats
- Flexible fixed and variable Interest Rate options available
- Finance available for Freehold, Leasehold & Private Villas with title deed
- Flexible repayment periods up to 25 years
- No Salary Transfer required
- Life & Property Insurance available under Group Cover Policy
- Easy documentation & quick processing
Eligibility:
- Minimum Monthly Income-Salaried AED 20,000 / Self-Employed AED 35,000
- UAE Nationals & Resident Individuals
- Saudi Nationals
Documentation required for Salaried Individuals:
- Copy of valid Passport
- Copy of UAE valid Resident Visa (for non UAE Nationals)
- Copy of valid Emirates ID (National ID for KSA Nationals)
- Residential Proof
- Salary Certificate
- Bank Statement/FTS
- Proof of other Income, if any
- Title deed
- Completed and duly signed Application Form
Note: Other requirements may apply depending on customer profile and employer
Documentation required for Self Employed Individuals:
- Copy of valid Passport
- Copy of UAE valid Resident Visa (for non UAE Nationals)
- Copy of valid Emirates ID (National ID for KSA Nationals)
- Residential Proof
- Valid Trade License & MOA
- Personal & Company Bank Statement/FTS
- Audited Financials for last 2 years
- Bureau report (for KSA Nationals)
- Proof of other Income, if any
- Title deed
- Completed and duly signed Application Form
Note: Other requirements may apply depending on customer profile
Property Insurance Terms & Conditions