The federal and local governments in UAE are providing housing assistance to UAE nationals through prominenthousing programs which are (but not limited to):-
-
National Housing Loan (NHL).
-
Sheikh Zayed Housing Program (SZHP).
- Mohamed Bin Rashid Housing Establishment (MRHE).
Features & Benefits*
- Maximum Finance amount up to AED 12 million for NHL and 5 million for SHZP & MRHE.
- Maximum tenure up to 25 years.
- Finance to value of up to 85%.
- Free Like Takaful (Insurance) for complete term of the finance.
- Financing available for Freehold & Non Freehold properties.
- Financing available for UAE Nationals only.
- Widest geographical coverage.,
- Quick and Fast Approvals.
*Terms and conditions apply
The following are the transactions available under this:
| Type of Transaction | Description / Interpretation |
| New Finance | Means customer already has approval / finance from housing program and he is requesting to complete his construcion Or to buy a ready property |
| Buyout |
|
Eligibility
The following customers are eligible for availing Govt Housing Program from Ajman Bank
- UAE Nationals (Salary starting from AED 15,000)
Documentation
- Duly completed and signed application form.
- Valid passport/Khulasat al Khaid Copy/UAE National ID.
- 6 months Bank statement.
- Salary Certificate.
- Relevant property papers (Not required for Pre-approval).
FAQs
Please click on the below link for frequently asked questions – Property Finance FAQ
