| Ajman Bank has announced a new Home Finance offer with a profit rate starting from 2.99 per cent. The move is, said the bank, part of its commitment to support the growth of the real estate sector and, following the signing of an MOU with Sheikh Zayed Housing Programme in August 2012, is also aimed to address the housing needs of customers and families in the UAE to acquire their homes at affordable rates.
Ajman Bank's new Shari'ah compliant offer is available to both UAE Nationals and Residents, with finance amounts up to AED 5 million. The scheme provides up to 90 per cent of the property cost for UAE Nationals and up to 85 per cent for Expatriates. Repayment periods can be extended up to 25 years under flexible conditions...............................................Full Article: Source
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