Amanah Home Finance for UAE/GCC Nationals and Expatriates

Finance to Value Ratio: Up to 75% of the market value, as determined by a professional valuation of the property. This may differ by development and will depend on age, income, property etc. You will be required to pay a percentage of the value of the property as an initial deposit.

The home finance is to be repaid by 65th birthday. Exceptions may be considered for those with an occupational pension. Maximum tenure is 25 years for Villas and Townhouses, subject to the age criteria.

Home Finance Protection Policy and Buildings Protection is mandatory.

Joint and Single financing is available.

Your monthly Amanah Home Finance payments must not exceed 50% of monthly net disposable income. Income is primary applicant's total guaranteed salary and fixed allowances (after tax and other deductions such as financial commitments)

Financing will be given for residential purposes only.

An HSBC Amanah bank account in UAE is required, plus details of your home country accounts, where possible. If you are successful in your application we will assist you to open an HSBC account in the UAE.

(Please note that all documents should be originals and HSBC will return this to you following receipt)

Income Documents for Salaried Applicants

Original Salary Certificate

Original 6 months bank statements

Employer's letter confirming probationary period successfully completed, if employed for less than 6 months

For Self - Employed Applicants

Original 2 years audited accounts

Evidence of ownership, share holding pattern and payments made to other partners

Original 6 months bank statements

Original accountant certified letter of earnings along with tax returns to reconcile the earnings

KYC Documents for all applicants

Original passport* with valid residence visa (if applicable) with copy. If original passport is not available, a copy to be attested by an HSBC branch in your country and the photocopy to be signed in front of HSBC staff and the signature certified as true

Proof of permanent address - Original utility bill showing residential address, in country of residence. For expatriates, a confirmation of address in home country

Letter of introduction from current bank

Property Documents for all applicants

Original Ownership Documents

Original property Sales and Purchase Agreement (SPA) and/or Copy of Title Deed (Mulkiya) from the seller or the Land department showing property details, payment schedule and signatures from the purchaser and the developer

For freehold areas, copy of receipts for payments made to date on the property / certificate of payment completion

Other Documents

Original current credit card statement

Details of the customer's home country accounts, where possible

Rental based on Ijarah rent calculation rate: Rent under the Ijarah Agreement for HSBC Amanah Home Finance is calculated using a rate based on the 6 month EBOR (Emirates Interbank Offer Rate) as a benchmark. This rent calculation rate, once agreed, will remain valid for a period of a six months and will be reviewed on the first working day of January and July each year.

The home will be at risk if you do not make payments under the home financing documents, or any other finance that may be secured against it.