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This service allows applying for amendment of a finance lease with the bank.

Finance lease amendment e-form

Individuals
1- A letter from the finance institution indicating the amendment
2- UAE ID of the owner (for identification proof only, no copy shall be submitted) or a copy of a valid passport for non-resident foreigners
3- A legal power of attorney in case of a representative

Individual (One person) establishment
1- A copy of the trade license
2- UAE ID (for identification proof only, no copy shall be submitted) or a copy of a valid passport for non-resident foreigners
3- A legal power of attorney in case of a representative

Limited liability company
1- trade license + parties and lineage page (original and copy)
2- A certificate of job title
3- Memorandum of Association (annexes, if any) (original and copy attested by the Ministry of Foreign Affairs to be translated into Arabic language)
4- A legal power of attorney in case of a representative, or a duly notarized board board of directors resolution

None

If the amendment for the amount, a fee of 0.25% of the increase mortgage amount will be charged
If the amendment for the term, a fee of AED 1,000 will be charged
AED 10 knowledge fee for each drawing
AED 10 innovation fee for each drawing

Service partners fees:
An amount of AED 2,000 in case of an increase of the mortgage amount + the VAT charged to the service partners’ fees
An amount of AED 300 in case of amendment of the mortgage period + the VAT charged to the service partners’ fees

Via a service center
Step I: A customer will move to a service center - Real Estate Registration Trustee centers
Step II: A customer submits the required documents to an employee to ensure that no documents are missing. (all required documents are uploaded via the digital safe/ treasury)
Step III: The transaction details will be entered into the system by an employee and shall be audited
Step IV: A customer will pay the fees and receive a payment receipt
Step V: The outputs are delivered to the customer via e-mail