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The Letter of Intent for Housing Loan is a crucial preliminary document in the UAE's property financing process, typically issued after initial assessment of a loan application but before final approval. It serves as an official indication of the bank's willingness to proceed with the loan, subject to fulfillment of specified conditions. This document is particularly important in the UAE real estate market where property transactions often require proof of financing capability. The letter includes key information such as proposed loan amount, interest rates, tenure, and primary conditions, while complying with UAE Central Bank regulations and local banking laws. It's commonly used when purchasing both ready and under-construction properties, and forms part of the documentation required by property developers and real estate authorities. While not legally binding for loan disbursement, it represents a significant step in the UAE housing loan process and provides the borrower with a formal document to proceed with property-related negotiations.

1. Letter Header and Date: Bank's letterhead, reference number, and date of issuance

2. Recipient Details: Full name and address of the potential borrower

3. Subject Line: Clear indication that this is a Letter of Intent for Housing Loan

4. Opening Statement: Reference to the loan application and confirmation of preliminary approval

5. Loan Details: Principal amount, interest rate, tenure, and EMI details

6. Property Details: Brief description of the property to be financed

7. Key Conditions: Essential conditions that must be met for final loan approval

8. Validity Period: Time frame for which the letter of intent remains valid

9. Disclaimer: Statement clarifying this is not a final approval and subject to conditions

10. Contact Information: Details of the bank representative for follow-up

11. Signature Block: Authorized signatory details and space for signature