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