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 | 4.25% per annum fixed for 5 years and post that Variable Interest Rate based on 3 Months EIBOR + 1% |
|
| No Salary Transfer to Mbank | 4.50% per annum fixed for 5 years and post that Variable Interest Rate based on 3 Months EIBOR + 1.25% |
|
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 |
|
|
|
*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.