Ajman Bank revises Home Finance pricing — STL from 3.99% on FTV-based grid effective 1 May 2026
Superseded: Ajman Bank revised this pricing grid again on 15 May 2026 — STL rates moved up across all FTV bands. See the 15 May 2026 revision brief for current rates.
Ajman Bank has rolled out a revised Home Finance pricing grid effective 1 May 2026. Salary-Transfer (STL) pricing is now structured purely by Finance-to-Value (FTV), starting at 3.99% fixed for 2 years for FTV below 50%, with non-STL and Self-Employed grids layered by FTV and finance amount. The bank also covers life Takaful for the first three years.
STL pricing grid (effective 1 May 2026)
Applies to all new Home Finance cases of AED 250,000 & above:
| FTV Band | Fixed Rate (2 Years) | Reverting Rate | Floor Rate |
|---|---|---|---|
| Below 50% | 3.99% | 3M EIBOR + 1.75% | Same as fixed rate |
| 51%–60% | 4.15% | 3M EIBOR + 1.80% | Same as fixed rate |
| 61%–70% | 4.20% | 3M EIBOR + 1.85% | Same as fixed rate |
| 71%–85% | 4.40% | 3M EIBOR + 1.95% | Same as fixed rate |
Non-STL and Self-Employed pricing is determined by a combination of FTV and finance amount — advisor consultation recommended for case-specific quotes.
Surcharges and policy notes
- Land financing: +1.0% on the fixed rate, +0.5% on the reverting spread.
- Restricted profession/industry: +1.0% on the fixed rate, +0.5% on the reverting spread.
- Equity release: +0.5% over and above standard rates.
- Processing fee: Nil for STL.
- Life Takaful (Islamic insurance): Bank-borne for the first 3 years.
What it means for buyers
Ajman Bank’s STL grid is now one of the cleaner FTV-banded structures in the market — the 3.99% headline (sub-50% FTV) is competitive with the sharpest Sharia-compliant offers from DIB, EIB and ADIB. Three observations for borrowers:
- If you can put 50%+ down, the 3.99% fixed-2yr is materially cheaper than the 4.40% top band — worth structuring the down payment to land below 50% FTV where possible.
- 3 years of bank-borne life Takaful is a real cash saving — on a typical AED 1.5M loan, this saves roughly AED 6,000–9,000 over the period.
- The +1% restricted-industry surcharge is steep; if you’re in hospitality, travel, or other flagged sectors, compare against banks like ADIB or FAB whose industry policies may be more accommodating right now.
For Self-Employed buyers, the FTV+amount layered structure means there’s no single “rack rate” — speak to an advisor before assuming Ajman Bank is or isn’t competitive for your profile.