Land Finance

Ajman Bank launched Land Finance in 2014 as a unique and innovative Shariah compliant offering for both UAE Nationals and Expatriates to purchase land for purpose of investment or construction for owner occupation / rental. This product is being catered by limited banks however under the Personal Finance product and thus Ajman Bank has focused on positioning this product on quality and innovation to differentiate its product from the competitors.

Ajman Bank provides Land Finance only for 1st Rank Properties only.

Features & Benefits*

Maximum Finance amount up to AED 8 million
Maximum tenure up to 20 years
Finance to value of up to:
- UAE Nationals:
  - 65% Finance to value in case of Residential Land
  - 60% Finance to value in case of Commercial Land
- UAE Residents - Expats:
  - 60% Finance to value in case of Residential Land
  - 55% Finance to value in case of Commercial Land
Financing available for Freehold & Non Freehold properties
Financing available for Residents only
Widest geographical coverage
Quick and Fast Approvals

*Terms and conditions apply

The following are the transactions available under this:

Type of Transaction	Deion / Interpretation
New Purchase	Means to buy a land directly from the seller/ developer
Resale	means a transaction of buying a land in the secondary market between buyers and seller
Buyout	a) Standalone Buyout: - means customer will transfer his existing finance from another bank to Ajman Bank. b) Buyout : - means customer can transfer his existing finance from another bank. c) Resale Buyout: - means a transaction of buying a land in the secondary market between buyer and seller and Ajman Bank will buyout the finance of the seller from another bank of FI.