Transcription of Frequently Asked Questions - ADCB
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Frequently Asked Questions - ADCB
Mortgage Home SaverFrequently Asked QuestionsPage 1 of 21. What is Home Saver Mortgage Loan?Home Saver Mortgage Loan is a type of mortgage, which allows you to link your current account held with ADCB to the loan and earn interest on the balance maintained. The balance that you maintain in the account accrues interest is not credited to your account but is directly utilized every month as additional repayment towards your mortgage home saver loan outstanding on top of your regular equated monthly instalments. With this additional repayment, you benefit by repaying your loan faster and make significant savings on the interest cost incurred over the entire tenor of the How will I know if I am eligible for a Home Saver Mortgage Loan?ADCB Mortgage Services are open to all eligible UAE residents (Nationals and Expatriates). All UAE residents (Nationals & Expatriates) aged 21 or older, can apply for a Home Saver Mortgage Loan.
Frequently Asked Questions ... which allows you to link your current account held with ADCB to the loan ... Account as set out in the Schedule of Fees.
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