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Comparison of Home Loans offered by the major banks in the UAE

Before applying for any loan, it is always best to take a look at what is being offered by most banks. This should get you started.

Bank Minimum Salary requirement Interest rate Down payment Maximum loan amount Prepayment charges Loan tenure Bank charges Specifications/benefits Check Eligibility
ADIB Home loan AED 10,000 Reducing – 2.99% per annum
Flat – 1.65% per annum
20% AED 20,000,000 1% Upto 25 years 0% · Open to UAE nationals
· Different product available for expats
· Free insurance provided for property during loan tenure
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Arab Bank Home loan AED 15,000 Reducing – 3.99% per annum
Flat – 2.2% per annum
25% AED 5,500,000 2% Upto 25 years 1% · Arab Bank Visa credit card provided for free with the loan
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United Arab Bank Home loan AED 15,000 Reducing – 3.29% per annum
Flat – 1.79% per annum
20% AED 10,000,000 1% Upto 25 years 0.8% · Insurance for property can be availed at an additional amount
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Emirates NBD Home loan AED 10,000 Reducing – 3.99% per annum
Flat – 2.2% per annum
20% AED 5,000,000 1% Upto 25 years 1% · This is for UAE nationals
· Different product is available for expats
Apply Now
RAKBANK Amal
Home loan
AED 15,000 Reducing – 2.99% per annum
Flat – 1.65% per annum
20% AED 13,000,000 1% Upto 25 years 1% · Both UAE nationals and expats can avail this loan
Apply Now
First Gulf Bank Mortgage AED 15,000 Reducing – 2.99% per annum
Flat – 1.65% per annum
20% AED 10,000,000 1% Upto 15 years 1% . Both UAE nationals and expats can avail this mortgage
Apply Now

Note: Offers and interest rates mentioned above are subject to change as per bank policies.