eMortgage

Loan Against Property for expats in Dubai, UAE

Why do people prefer to get a Loan against Property in UAE?

Dubai attracts people from the United States, Saudi Arabia, the Persian Gulf region, India, Pakistan, and other countries who come to work in its many industries. The city also offers opportunities for entrepreneurs and small businesses.

As an expat living and working in Dubai, you may find yourself in need of financial assistance from time to time. Whether it’s for a personal emergency or a business opportunity, taking out a loan can help you get the funds you need. As a leading provider of loans against property(Residential properties/freehold property/investment property/commercial property, etc) for expats in Dubai, Emortgage can help you get the funds you need, fast.

calculator and house model on a white background, considering the additional information of "loan against property in Dubai": "Illustration of a calculator and house model, representing loan against property in Dubai.

 We offer competitive rates and flexible repayment terms, so you can tailor your loan to suit your needs. And as we provide online services, so you can apply for your loan even from the comfort and peace of your own home.

If you’re looking for a loan against property in Dubai, UAE, Emortgage is the perfect choice. It doesn’t matter whether you are UAE nationals or an expatriate, we can help you get the funds you need. we offer: 

  • Competitive rates
  • Flexible repayment terms
  • Low processing fees
  • A simple online application process
  • Fast pre-approval and funding 

So if you require a loan, don’t hesitate to contact us today. We’ll help you get the funds you need, quickly and easily.

Are expats allowed to buy property in Dubai, UAE?

Many people who come to Dubai wonder whether they will be able to buy property here. The answer is yes, expats are allowed to buy property in Dubai. There are many advantages to doing so. For one, you’ll be able to take advantage of the city’s booming real estate market. And because Dubai is a tax-free city, you’ll be able to keep more of your earnings.

Another advantage of buying property in Dubai is that you’ll be able to get a mortgage. This can help you spread the cost of your purchase over a longer period of time, making it more affordable.

Can expats get loans against property in UAE?

Getting a mortgage loan against property for expats in Dubai is a great way to get the funds you need. Just like an Emirate, you can use your property as collateral for the loan. This means that if you default on the loan terms, the lender can take your property. However, if you keep up with your repayments, you’ll be able to keep your property and use it as collateral for future loans.

If you’re an expat resident in Dubai, taking a loan against property is a great way to get the financial assistance you need. We can help you with the entire process and make it easy for you. We have tie-ups with leading banks and financial institutions, so you can be sure you’re getting the best deal possible. 

Why do Expats prefer loans against property in UAE?

There are many reasons why a loan against property is a popular choice for expats in Dubai.

 

  • First, it’s a fast and convenient way to get the funds you need. And because you’re using your property as collateral, you can usually get a lower interest loan rate than you would with a personal loan.
  • Another advantage of loans against property is that it’s a flexible product. You can use the loan for any purpose, whether it’s for business or personal use. And because you can tailor the repayment terms to suit your needs, it’s easy to budget for your repayments.
  • Furthermore, it is easier to qualify for a loan against the property than it is for a personal loan or a business loan.

 

So if you’re a foreign national living and working in Dubai, and you need financial assistance, a loan against property in Dubai is a great option.

Features of Loan against property for expats

Loans against property can be used by expats in whatever way they deem necessary. However, it’s important to note that this is a loan and should be used as such. That means you’ll need to make regular repayments, otherwise, you could risk losing your property.

 

Some features of loans against property for expats include:

You can choose how long you want to repay the loan, from 1-5 years.

Interest rates on loans against property are usually lower than personal loans. Variable-rate loans may be offered, so it’s important to compare mortgage rates before you apply.

You can borrow up to 80% of the value of your property.

All our fees are upfront and there are no hidden charges.

Documents required to take Loan against property for expats

To apply for a loan against property in Dubai, you’ll need the following documents:

 

  • Your passport and visa
  • Your Emirates ID
  • Proof of income (salary certificate or bank statement)
  • Proof of address (utility bill or tenancy contract)
  • Credit report

 

Once you have all the required documents for a loan against property, you can apply for a loan online or in-person at one of our branches. We’ll then assess your application and get back to you with a decision within 48 hours.

Eligibility criteria for loan against property for expats

To be eligible for a loan against property in Dubai, you must:

 

  • Be aged 21-65 years old
  • Have a minimum income of AED 12,000 per month
  • Be employed in the United Arab Emirates for at least 6 months
  • Have a good credit history
  • Not have any outstanding debts

 

The eligibility criteria for a loan against property in Dubai may vary depending on the lender. So it’s always best to check with the lender before you apply.

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