Under this product variant, a customer approaches the Bank and requests for financing in order to construct a house or villa. The customer would either opt for self-construction or construction through a developer in this case.
Features and Benefits:
- Maximum Finance amount up to AED 8 million
- Maximum tenure up to 25 years (inclusive of Construction period)
- Finance to the value of up to 50%
- Free Like Takaful (Insurance) for complete term of the finance
- Financing available for Freehold & Non-Freehold properties
- Financing available for Residents only
- Widest geographical coverage
- Quick and Fast Approvals