Residential Finance

View the pricing and calculations related to our finance and savings products.

Residential Finance Examples

Property Purchase Type	Market Value of Real-estate	Funding Percentage	Fixed or Floating	APR	Duration	Payment Type	Instalment	Early Settlement
Buying first home	1,000,000	90%	Fixed	5.71%	25	Principal and Profit	5,526	Profit of future 3 installments
Buying second home	1,000,000	70%	Fixed	5.73%	25	Principal and Profit	4,298	Profit of future 3 installments
Off Plan	1,000,000	90%	Fixed	5.71%	25	Principal and Profit	5,526	Profit of future 3 installments
Self construction	1,000,000	90%	Fixed	5.71%	25	Principal and Profit	5,526	Profit of future 3 installments
Equity release	1,000,000	80%	Fixed	5.77%	15	Principal and Profit	6,536	Profit of future 3 installments

The instalments above are the monthly instalments at the begging of collection for Fixed instalments plans. In case you have selected a floating instalment plan such as the 2 in 1, the above instalment amounts will change
The early settlement amounts represents the profits of the first three months when 2 years have passed from date the contract was signed, given that early settlements are not allowed during the first 2 years.
Funding amount of the total real estate value for the second home will not exceed 70% and maximum duration for lands is 20 years.
The maximum duration for REDF products is 25 years
The above examples are approximated as there should be many factors that would affect that would be imbibed and will affect the calculations
Terms & conditions apply
The examples and prices mentioned above apply on regular financings only. They don’t include Wessam clients as their calculations depends on the client’s net worth.