Ajman Bank revises Home Finance pricing again — STL up 5–30 bps effective 15 May 2026
Ajman Bank has revised its Home Finance Standard Pricing for the second time this month — the new STL grid is effective 15 May 2026 and applies to all new Home Finance cases sourced from that date onwards. Rates have moved up by 5–30 basis points across all FTV bands compared to the 1 May 2026 grid the bank published just two weeks earlier.
Updated STL pricing grid (effective 15 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 51% | 4.09% | 3M EIBOR + 1.75% | Same as fixed rate |
| 51%–60% | 4.20% | 3M EIBOR + 1.80% | Same as fixed rate |
| 61%–70% | 4.40% | 3M EIBOR + 1.85% | Same as fixed rate |
| 71%–85% | 4.70% | 3M EIBOR + 1.95% | Same as fixed rate |
What changed vs the 1 May 2026 grid
| FTV Band | Old (eff. 1 May) | New (eff. 15 May) | Move |
|---|---|---|---|
| Below 51% | 3.99% | 4.09% | +10 bps |
| 51%–60% | 4.15% | 4.20% | +5 bps |
| 61%–70% | 4.20% | 4.40% | +20 bps |
| 71%–85% | 4.40% | 4.70% | +30 bps |
The reverting spreads (3M EIBOR + 1.75% / 1.80% / 1.85% / 1.95%) and floor-rate structure remain unchanged. The lowest FTV band threshold has nudged from "Below 50%" to "Below 51%", marginally widening the cheapest-rate eligibility.
What it means for buyers
- If you were quoted on the 1 May grid but haven’t logged in yet — your case will now price on the new (higher) grid. The biggest hit is at higher FTVs: a buyer at 75% FTV is now paying 4.70% instead of 4.40% — on a typical AED 1.5M loan that’s roughly AED 4,500 extra interest per year for the 2-year fixed period.
- The sub-51% FTV band is still the sweet spot. 4.09% is competitive among Sharia-compliant offers, though no longer the sharpest. DIB, EIB and ADIB’s sub-50% Salary Transfer rates should be checked alongside.
- If you’re close to a band boundary — e.g. structuring at 50% vs 51% FTV, or 70% vs 71% — even a small down-payment adjustment can save 11–30 basis points over the full fixed period. Worth modelling.
Surcharges (land financing +1.0%, restricted industry +1.0%, equity release +0.5%) and the 3-year bank-borne life Takaful benefit remain unchanged from the 1 May grid. Non-STL and Self-Employed pricing structures are also unchanged in framework (FTV + finance amount layered), but specific rate quotes should be confirmed with an advisor.
Need to talk it through? Mortgease's advisory team can help you map this against your specific situation — free, no obligation.
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