UAE nationals can get a home loan in UAE through the following process:
The process of getting a home loan for UAE nationals is relatively simple and straightforward. However, it is important to compare different offers from different banks before choosing one that best suits your needs and requirements.
To get a home loan in UAE a person must have the following documents in order to apply for a home loan in UAE:
The documents required for a home loan in UAE may vary slightly from bank to bank, eMortgage can assist you with the entire process and documentation.
To be eligible for a home loan in UAE, you must be a UAE national, be employed, and have a regular income. The minimum age to get the eligibility for a home loan in the Emirates is 21 years, if you are below 21 years then you’ll not be eligible for a home loan. UAE locals with a good credit history have a higher chance of availing of a home loan at a lower interest rate. Home loan for UAE residents is provided by many banks in the emirates. Be sure to compare the offers before choosing the best one for you.
The interest rate for home loans in the Emirates lies between 2.99 to 5 percent depending upon where you get your loan from, securing a low-interest rate is possible with certain banks but not all. Interest rates for UAE nationals are usually at par with what is being offered in the international markets.
The interest rates on home loans in the United Arab Emirates have been on a steady decline over the past few years. Local banks offer a wide range of products and services to cater to the needs of their customers. However, not all banks offer home loans at competitive rates. It is important to compare the interest rates of different banks before availing of a loan.
Key Benefits of choosing eMortgage for home loans in Dubai are:
Emortgage is one of the leading mortgage brokers in Dubai, UAE. We have a team of dedicated relationship managers who will assist you throughout the process of availing of a home loan. We have a strong commitment with all the major banks in UAE and can help you get a home loan at the best possible rate.
For more information on Home Loans for UAE Nationals, please contact us today.
We are proudly associated with region’s leading banks and financial institutions.