In partnership with Abu Dhabi Housing Authority (ADHA), Mbank participates as an empaneled bank in the 50% subsidized interest ADHA Top-Up Loan program.
Eligible customers can avail up to AED500,000 with a 50% interest subsidy from Abu Dhabi Government.
Any additional borrowing from Mbank will be at standard commercial rates and will not be subsidized.
Note: The interest subsidy from Abu Dhabi Government will stop if beneficiary does not repay his portion of installment payable to Mbank.
- Customer must be pre-approved by ADHA for the Top-Up Loan program & shall find the top up offer link visible on their Iskan Abu Dhabi App
- Be eligible as per Mbank’s Terms & Conditions.
| Customer Type | Interest Rate Scheme | Fees (Payable by beneficiary) |
| Salary Transfer to Mbank | 3.74% per annum fixed for 5 years and post that Variable Interest Rate based on 3 Months EIBOR + 1.00% |
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| No Salary Transfer to Mbank | 3.74% per annum fixed for 5 years and post that Variable Interest Rate based on 3 Months EIBOR + 1.25% |
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| Note:
Components of Your Variable Interest Rate: EIBOR: The Emirates Interbank Offered Rate (“EIBOR”) is the base lending rate which shall form part of the final rate offered to you by Mbank. EIBOR is published by the CBUAE daily, and made publicly available on its website. For more details regarding EIBOR, please refer to the CBUAE website at the following link: https://www.centralbank.ae/en/forex-eibor/eibor-rates/ |
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No, a salary transfer is not mandatory. However, transferring your salary to Mbank gives you access to preferential interest rates and fees.
As a special gesture for our ADHA Top-Up Loan customers, Mbank also offers a savings or current account—your choice—completely free of any charges.
Below is the repayment structure:
| Property Type | Repayment during Construction Phase | Repayment – Post Handover |
| Retail Under Construction | Interest Only | Interest + Principal (or after 24 months, whichever is earlier) |
| Ready Property (from ADHA) | N.A. | Principal + Interest (starting 6 months after handover) |
| Developer Off-Plan | Interest Only | Principal + Interest (starting after handover) |
Mbank offers a conventional home loan for ADHA Top-Up Loan.
Once you submit your interest, here’s what to expect:
- Step 1 – Initial Call
You will receive a call from a dedicated Specialist within 2 working days to guide you on the application process and the Specialist shall respond to any queries that you may have. - Step 2 – Submitting the application
You will then be requested to provide the required details in order to proceed and digitally sign an application to initiate the in-principle approval process, which will be processed within 3 working days.
To offer a seamless experience, please arrange for the following key documents, as and when available
| Personal Documents | Ready Property (From ADHA) | Under Construction Property |
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*While the above is a comprehensive list, the bank reserves the right to request additional documents, as & when required.
Need Assistance? Feel free to contact us through our Community Engagement Centre on 600571111.
