This service allows customers to apply to amend a finance lease with the bank.

Amendment of Finance Lease Contract

Individuals
1- Original title deed
2- Letter from the financer for the amendment
3- Emirates ID card of the owner (For identification only, no photo is taken)/ valid passport copy for Non-residents

Sole Proprietorship
1- Copy of the Commercial License
2 - Emirates ID Card (For identification only, no photo is taken) or valid passport copy for Non-residents
3- Power of Attorney if appointing someone on their behalf

Limited Liability Company (LLC)
1- Trade license + Page of partners and equities (original and copy)
2- Certificate of Incumbency
3- Establishment contract (appendices if any) (original and certified copy from the Ministry of Foreign Affairs and translated in Arabic)
4- A legal agency in the event of a representative, or a legally certified board of directors decision.

Not Applicable

Fees for amendments to the mortgage amount:
0.25% of the fees shall be calculated from the value of increase in the mortgage amount

Fees for amendments to the mortgage period:
AED 1,000

AED 10 Knowledge fees added to each fee
AED 10 Innovation fees added to each fee


Registration Trustee fees:
- 2,000 AED in case of increase in the mortgage amount
- 300 AED in case of amendment to the mortgage period

Via the service center
Step 1: The customer goes to one of the Real Estate Registration Trustee offices
Step 2: the customer submits the required documents to the employee and makes sure that they are complete
Step 3: the transaction data is entered into the system by the employee and is verified
Step 4: The customer pays the fees and receives a receipt for payment
Step 5: the output is delivered to the customer

Remotely
Step 1: send documents by e-mail to the registration trustee office
Step 2: review the request and ensure that the documents are complete
Step 3: the transaction data is entered into the system and a recorded video call is made to confirm the service and verify the parties
Step 4: The payment link is sent by the employee
Step Five: The outputs are checked and sent to the customer.