Best Mortgage Rates in UAE For Salaried

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First Abu Dhabi Bank Mortgage Loan

Description

Finance the purchase or construction of your residence. Mortgage loans to individuals for financing the purchase / construction of property for residence. Major Advantage: High finance amount; Only Rental income products available Major Concern: High salary requirement

Main Features / Benefits

Interest Rates & Charges:

Reducing Rate (as advertised): 5.24% p.a. (Fixed period available for 1 year, 3 years or 5 year s)

Flat Rate: 3.18% p.a.*

Processing Fees: 0.525% of the finance amount; Nil for Buyout cases

Property valuation Fees: AED 3,150

Early Settlement Fees: 1.05% of outstanding amount (max cap AED 10,500)

Partial Settlement Fees: 1% of the amount partially paid

Finance Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 Months for salaried; 2 Years for Self Employed

Salary Transfer: Not Compulsory

Minimum Down payment:

For first property (If property price < AED 5M): 20%
For first property (If property price > AED 5M): 30%
For second property: 40%

Key Details:

Maximum Finance Amount: AED 20,000,000

Islamic Finance: No

Maximum Term: 25 Years

Finance available for: Listed properties in Dubai and Abu Dhabi

Insurance (Compulsory):

Life Insurance: 0.0112% per month (plus vat) on outstanding balance

Property Insurance: 0.0525% p.a. (plus vat) on property value

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

Dubai Islamic Bank Mortgage Loan

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Dubai Islamic Bank understands that one of the greatest joys is to own or build your dream home. Al Islami Home Finance offers you a range of options to suit your specific needs. DIB offer financing for residential and commercial properties. It also offers refinancing options for customers who may already own a property or are availing of a mortgage with another institution. Major Advantage: High finance amount

Main Features / Benefits

Profit Rate & Charges:

Profit Rate: Starting from 4.99% p.a. fixed for 1 year (reducing rate)

Flat Rate: 3.01% p.a

Processing Fees: 0% for buyout Cases

Early Settlement Fees: 1% of outstanding amount (Max cap AED 10,000)

Finance Requirements:

Minimum Salary Requirement: AED 10,000 for UAE Nationals, AED 12,000 for Expats

Minimum Length of Service Required: 6 months for salaried

Salary Transfer: Not compulsory.

Minimum Downpayment: 20% (Fee Financing also possible)

Key Details:

Maximum Finance Amount: AED 50,000,000

Islamic Finance: Yes

Maximum Term: 25 years

Finance Available For: Any ready property which can be registered in the name of the customer in the relevant authority (across UAE).

Takaful – Insurance (Compulsory):

Life Takaful: 0.36% per annum (on outstanding balance)

Property Takaful: 0.03% per annum of property value

ADCB Bank Mortgage Loan

More Details

It combines your current account, interest savings and mortgage facility to provide a single, easy-to-manage solution with a range of benefits. Major Advantage: Higher is your deposit in your current account; lower is your interest rate

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

ADIB Bank Mortgage Loan

More Details

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

Arab Bank Mortgage Loan

More Details

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

Commercial Bank of Dubai Mortgage Loan

More Details

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

Dubai Islamic Bank Mortgage Loan

More Details

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

Emirates Islamic Bank Mortgage Loan

More Details

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

Emirates NBD Bank Mortgage Loan

More Details

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

HSBC Bank Mortgage Loan

More Details

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

Mashreq Bank Mortgage Loan

More Details

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

National Bank of Fujairah Mortgage Loan

More Details

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

RAK Bank Mortgage Loan

More Details

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

Standard Chartered Bank Mortgage Loan

More Details

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

ADCB Bank Mortgage Loan

More Details

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

Bank of Baroda Mortgage Loan

More Details

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

Ajman Bank Mortgage Loan

More Details

Main Features / Benefits

Main Features:

This finance is a combination of current account and Home Finance
Home in One is ideal for anyone who is buying home for self-use or investment
Every deposit you make in your current account lowers your interest payment reducing your loan tenure
You can withdraw your balance at any point in time
Interest is calculated on your daily balance, reducing the effective rate of interest
There is a monthly fee of AED 25

Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 4.80% p.a.

Processing Fees: 0.525% finance amount (Nil for Buyout)

Property Valuation Fees: AED 1942.50

Early Settlement Fees: 1% of outstanding amount or AED 10,000 (whichever is lower)

Partial Settlement Fees: 25% per year of capital balance without penalty

Financial Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed

Salary Transfer: Not compulsory.

Minimum Down payment:

For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
For second property: 35% for UAE national, 40% for Expats

Fee Financing: Up to 4.5% of the fees financed, same rate and term of the mortgage

Key Details:

Islamic Finance: No

Maximum Term: 25 years

Finance available for: Ready properties in Dubai, Abu Dhabi & Ras Al Khaimah. Under construction properties only in Dubai

Insurance (Compulsory):

Life Insurance: 0.0242% per month (on outstanding balance)

Property Insurance: 0.035% p.a.

Best Mortgage Rates in UAE For Salaried​

First Abu Dhabi Bank Mortgage Loan

Main Features / Benefits

Main Features / Benefits

Dubai Islamic Bank Mortgage Loan

Main Features / Benefits

ADCB Bank Mortgage Loan

Main Features / Benefits

ADIB Bank Mortgage Loan

Main Features / Benefits

Arab Bank Mortgage Loan

Main Features / Benefits

Commercial Bank of Dubai Mortgage Loan

Main Features / Benefits

Dubai Islamic Bank Mortgage Loan

Main Features / Benefits

Emirates Islamic Bank Mortgage Loan

Main Features / Benefits

Emirates NBD Bank Mortgage Loan

Main Features / Benefits

HSBC Bank Mortgage Loan

Main Features / Benefits

Mashreq Bank Mortgage Loan

Main Features / Benefits

National Bank of Fujairah Mortgage Loan

Main Features / Benefits

RAK Bank Mortgage Loan

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Standard Chartered Bank Mortgage Loan

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