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Mortgages
Home Loan and Mortgage in UAE
When it comes to buying apartments or villas in the UAE, prospective homeowners often look for ‘home loans in UAE.’ When expats move to the UAE, they want to buy a home that matches their preferences and fits within their budget. UAE nationals also look for their dream home hexa Banking has compiled a list of important details to know before applying for a home loan in the United Arab Emirates with the best mortgage rates, as many people are looking forward to it.
Who can obtain a Home Loan in the UAE?
A mortgage Loan in UAE can be obtained by both ex-pats as well as UAE Nationals. There is a slight difference between both when applying for home loans. Keep reading to know the process.
Numerous banks offer mortgage loans in the UAE with the best mortgage rates and low-interest home loans for property purchases. With its diverse real estate market and affordable packages, the UAE has attracted both local and international investors.
Whether you’re a UAE national or a foreigner, everyone is welcome to invest in real estate as long as they meet the eligibility criteria. Getting a home loan or mortgage loan in UAE is straightforward, provided you’re between 21 and 65 years old.
However, mortgage options for non-residents in the UAE are more limited and offer fewer perks compared to UAE nationals.
It’s important to understand the basic mortgage types offered in the UAE to pick the most suitable option with the best mortgage rates based on your financial situation and monthly income.
Numerous banks offer mortgage loans in the UAE with the best mortgage rates and low-interest home loans for property purchases. With its diverse real estate market and affordable packages, the UAE has attracted both local and international investors.
Whether you’re a UAE national or a foreigner, everyone is welcome to invest in real estate as long as they meet the eligibility criteria. Getting a home loan or mortgage loan in UAE is straightforward, provided you’re between 21 and 65 years old.
However, mortgage options for non-residents in the UAE are more limited and offer fewer perks compared to UAE nationals.
It’s important to understand the basic mortgage types offered in the UAE to pick the most suitable option with the best mortgage rates based on your financial situation and monthly income.
What are the conditions that need to be satisfied to obtain Home Loan in UAE?
To offer home loans in the UAE, banks must adhere to a set of conditions. In most cases, banks in the United Arab Emirates use four main criteria to decide who is eligible for a home loan
- Time spent in the United Arab Emirates (typically 6 months to a year) - In the United Arab Emirates, the average length of jobs is five years (typically a minimum of 6 months) - A business trip to the United Arab Emirates (typically 2 to 3 years) - History of credit
- Time spent in the United Arab Emirates (typically 6 months to a year) - In the United Arab Emirates, the average length of jobs is five years (typically a minimum of 6 months) - A business trip to the United Arab Emirates (typically 2 to 3 years) - History of credit
We Compare the mortgage rates!
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