{"id":486,"date":"2018-02-18T08:25:38","date_gmt":"2018-02-18T02:55:38","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=486"},"modified":"2018-02-19T01:02:11","modified_gmt":"2018-02-18T19:32:11","slug":"900026-abu-dhabi-commercial-bank-current-loan-against-property-interest-rates","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/900026-abu-dhabi-commercial-bank-current-loan-against-property-interest-rates.html","title":{"rendered":"Abu Dhabi Commercial Bank – Current Loan Against Property Interest Rates"},"content":{"rendered":"

Abu Dhabi Commercial Bank – Current Interest Rates for Loan Against Mortgage of Immovable Property<\/strong><\/p>\n

New Delhi (Delhi, India), February 18, 2018<\/p>\n

Abu Dhabi Commercial Bank Cuts Loan Against Property Interest Rate to 12.50% Per Annum<\/strong><\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Abu Dhabi Commercial Bank Property Finance – Current Loan Against Property Interest Rates for Various Category of Properties<\/strong><\/p>\n

Abu Dhabi Commercial Bank Loan Against Mortgage of Self-Occupied Residential Property Interest Rate:<\/strong> 12.50% Per Annum<\/p>\n

Abu Dhabi Commercial Bank Loan Against Mortgage of Non Self-Occupied Residential Property Interest Rate:<\/strong> 12.75% Per Annum<\/p>\n

Abu Dhabi Commercial Bank Loan Against Mortgage of Commercial Property Interest Rate:<\/strong> 13.10% Per Annum<\/p>\n

Abu Dhabi Commercial Bank Loan Against Property for Purchase of Commercial Property Interest Rate:<\/strong> 13.10% Per Annum<\/p>\n

Abu Dhabi Commercial Bank Loan Against Property for Reverse Mortgage Interest Rate:<\/strong> 13.10% Per Annum<\/p>\n

Abu Dhabi Commercial Bank Loan Against Property for Lease Rental Discounting Interest Rate:<\/strong> 13.10% Per Annum<\/p>\n

Abu Dhabi Commercial Bank Loan Against Property for Overdraft Facility Against Property Interest Rate:<\/strong> 13.50% Per Annum<\/p>\n

Abu Dhabi Commercial Bank Loan Against Property Minimum Borrowing Amount:<\/strong> Minimum Loan Against Property Amount is Rs. 5,00,000<\/p>\n

Abu Dhabi Commercial Bank Loan Against Property Maximum Borrowing Amount:<\/strong> Maximum Loan Against Property Amount is Rs. 2,00,00,000<\/p>\n

Abu Dhabi Commercial Bank Loan Against Property Rate of Interest is Floating or Fixed:<\/strong> Fixed Rate of Interest<\/p>\n

Minimum Age Limit for Getting the Abu Dhabi Commercial Bank Loan Against Property Sanctioned:<\/strong> Minimum Age 21 Years at the Time of Loan Commencement<\/p>\n

Maximum Age Limit for Getting the Abu Dhabi Commercial Bank Loan Against Property Sanctioned:<\/strong> Maximum Age 60 Years for Salaried Applicants and 70 Years for Self-Employed Applicants at the Time of Loan Maturity<\/p>\n

Minimum Tenure for the Abu Dhabi Commercial Bank Loan Against Property:<\/strong> Minimum Home Loan Tenure is 3 Years (36 Months)<\/p>\n

Maximum Tenure for the Abu Dhabi Commercial Bank Loan Against Property:<\/strong> Maximum Home Loan Tenure is 7 Years (84 Months)<\/p>\n

Abu Dhabi Commercial Bank Loan Against Mortgage of Immovable Property Processing Fee and Documentation Charges:<\/strong> 1.25% of the Loan Amount (Minimum Rs. 10,000 plus applicable Service Tax and Surcharge)<\/p>\n

Charges for Abu Dhabi Commercial Bank Loan Against Property EMI Late Payment:<\/strong> Minimum 2% Per Month of the Abu Dhabi Commercial Bank Loan EMI Outstanding Amount (Minimum Rs. 500 plus applicable Service Tax and Surcharge)<\/p>\n

Abu Dhabi Commercial Bank Loan Against Property Pre Closure Charges or Prepayment Penalty:<\/strong> 2.25% of the Foreclosed Amount plus applicable Service Tax and Surcharge<\/p>\n

Abu Dhabi Commercial Bank Loan Against Property EMI Cheque, SI, or ECS Bounce Charges:<\/strong> Rs. 500 plus applicable Service Tax and Surcharge<\/p>\n

Different Options for Making Abu Dhabi Commercial Bank Loan Against Property EMI Payments:<\/strong> The three options for making EMI payments are Standing Instruction (SI), Electronic Clearing Service (ECS), or Post-Dated Cheques (PDCs)<\/p>\n

Guarantor Requirement for the Abu Dhabi Commercial Bank Loan Against Property:<\/strong> No Guarantor is Required<\/p>\n

Abu Dhabi Commercial Bank Loan Against Property Margin Amount:<\/strong><\/p>\n

Minimum 40% to 50% for Purchase of Commercial Property<\/p>\n

Minimum 50% to 60% for Loan Against Residential or Commercial Property<\/p>\n

Abu Dhabi Commercial Bank – Deposits and Loans Interest Rates<\/strong><\/a>
\nCurrent Deposits and Loans Interest Rates of Abu Dhabi Commercial Bank<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[269,274,278,47,55],"class_list":["post-486","post","type-post","status-publish","format-standard","hentry","category-banking","tag-abu-dhabi-commercial-bank","tag-abu-dhabi-commercial-bank-interest-rates","tag-abu-dhabi-commercial-bank-loan","tag-current-interest-rates","tag-loan-against-property-interest-rates"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/comments?post=486"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/486\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}