Abu Dhabi Commercial Bank has decreased its loan against property interest rates by 0.20%, or 20 basis points with effect from February 07, 2018. This interest rate cut will reduce the cost for those people who want to avail loan against mortgage of their immovable property.
Abu Dhabi Commercial Bank – Current Interest Rates for Loan Against Mortgage of Immovable Property
New Delhi (Delhi, India), February 18, 2018
Abu Dhabi Commercial Bank Cuts Loan Against Property Interest Rate to 12.50% Per Annum
The Abu Dhabi Commercial Bank has decreased its loan against property interest rates by 0.20 percent, or 20 basis points with effect from Wednesday, February 07, 2018.
Abu Dhabi Commercial Bank has revised its minimum loan against property interest rate from 12.70 percent to 12.50 percent per annum (MCLR-1Year + 4.05%) for the self-occupied residential property.
The loan against property interest rate of Abu Dhabi Commercial Bank is benchmarked or linked to its One-Year MCLR (Marginal Cost of Funds based Lending Rate). Abu Dhabi Commercial Bank’s current One-Year MCLR, which is called MCLR-1Y, is 8.45 percent per annum with effect from Wednesday, February 07, 2018.
Abu Dhabi Commercial Bank’s current interest rate cut will reduce the cost of funds for those people who want to avail loan against mortgage of their immovable property.
Abu Dhabi Commercial Bank Property Finance – Current Loan Against Property Interest Rates for Various Category of Properties
Abu Dhabi Commercial Bank Loan Against Mortgage of Self-Occupied Residential Property Interest Rate: 12.50% Per Annum
Abu Dhabi Commercial Bank Loan Against Mortgage of Non Self-Occupied Residential Property Interest Rate: 12.75% Per Annum
Abu Dhabi Commercial Bank Loan Against Mortgage of Commercial Property Interest Rate: 13.10% Per Annum
Abu Dhabi Commercial Bank Loan Against Property for Purchase of Commercial Property Interest Rate: 13.10% Per Annum
Abu Dhabi Commercial Bank Loan Against Property for Reverse Mortgage Interest Rate: 13.10% Per Annum
Abu Dhabi Commercial Bank Loan Against Property for Lease Rental Discounting Interest Rate: 13.10% Per Annum
Abu Dhabi Commercial Bank Loan Against Property for Overdraft Facility Against Property Interest Rate: 13.50% Per Annum
Abu Dhabi Commercial Bank Loan Against Property Minimum Borrowing Amount: Minimum Loan Against Property Amount is Rs. 5,00,000
Abu Dhabi Commercial Bank Loan Against Property Maximum Borrowing Amount: Maximum Loan Against Property Amount is Rs. 2,00,00,000
Abu Dhabi Commercial Bank Loan Against Property Rate of Interest is Floating or Fixed: Fixed Rate of Interest
Minimum Age Limit for Getting the Abu Dhabi Commercial Bank Loan Against Property Sanctioned: Minimum Age 21 Years at the Time of Loan Commencement
Maximum Age Limit for Getting the Abu Dhabi Commercial Bank Loan Against Property Sanctioned: Maximum Age 60 Years for Salaried Applicants and 70 Years for Self-Employed Applicants at the Time of Loan Maturity
Minimum Tenure for the Abu Dhabi Commercial Bank Loan Against Property: Minimum Home Loan Tenure is 3 Years (36 Months)
Maximum Tenure for the Abu Dhabi Commercial Bank Loan Against Property: Maximum Home Loan Tenure is 7 Years (84 Months)
Abu Dhabi Commercial Bank Loan Against Mortgage of Immovable Property Processing Fee and Documentation Charges: 1.25% of the Loan Amount (Minimum Rs. 10,000 plus applicable Service Tax and Surcharge)
Charges for Abu Dhabi Commercial Bank Loan Against Property EMI Late Payment: Minimum 2% Per Month of the Abu Dhabi Commercial Bank Loan EMI Outstanding Amount (Minimum Rs. 500 plus applicable Service Tax and Surcharge)
Abu Dhabi Commercial Bank Loan Against Property Pre Closure Charges or Prepayment Penalty: 2.25% of the Foreclosed Amount plus applicable Service Tax and Surcharge
Abu Dhabi Commercial Bank Loan Against Property EMI Cheque, SI, or ECS Bounce Charges: Rs. 500 plus applicable Service Tax and Surcharge
Different Options for Making Abu Dhabi Commercial Bank Loan Against Property EMI Payments: The three options for making EMI payments are Standing Instruction (SI), Electronic Clearing Service (ECS), or Post-Dated Cheques (PDCs)
Guarantor Requirement for the Abu Dhabi Commercial Bank Loan Against Property: No Guarantor is Required
Abu Dhabi Commercial Bank Loan Against Property Margin Amount:
Minimum 40% to 50% for Purchase of Commercial Property
Minimum 50% to 60% for Loan Against Residential or Commercial Property
Abu Dhabi Commercial Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Abu Dhabi Commercial Bank