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Arab Bank Home Loan in UAE

Best Home Loans to buy your dream home

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  • Flexible repayment periods up to 25 years
  • Processing fees as low as 1%
  • Profit rates starting at 2.75% per year

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Established in 1930, Arab Bank has become one of the distinguished financial institutions in the UAE as well as the Middle East. With headquarters in Amman, Jordan, Arab Bank now operates over 5 continents with more than 600 branches and provides numerous financial products and services to its large customer base. For individuals planning to purchase a house in the UAE, the bank provides Arab Bank home loans that are denoted as Arab Bank Housing Loans.

With Arab Bank mortgage loans in UAE, you can fulfil your aspirations of having your own home and property in the country. Offered at some of the best rates in the country, Arab Bank home loans are easy to apply for and obtain owing to minimal document requirements and an easy application process.

ARAB Bank Home Loan

Arab Bank offers various loan plans for individuals seeking to purchase a house in the UAE. You can find below the salient features of ARAB Bank home loans for ready properties -

  • Low interest rates starting from 3.49% (reducing)
  • Up to 80% of the property value financed
  • Loan repayment tenure of up to 25 years
  • Loan amount of up to AED 5.5 Million
  • Access to services like free Visa credit card and other services

Features and Benefits of Arab Bank Home Loan

Arab Bank home loans offer a myriad of benefits to all its customers, with the major ones discussed below -

  1. Hassle-free Application Process - The application process for this Arab Bank mortgage loan in UAE is quite hassle-free. With the customers supported and guided by bank executives at each step, one can easily apply for this loan and obtain the required amounts quickly. 
  2. Affordable Interest Rates - One of the most remarkable benefits of an Arab Bank home loan is that you get the loan at competitive interest rates. With the reducing rates starting as low as 3.49%, one can get access to the needed funds at low costs. This, combined with the loan amounts that go as high as AED 5.5 million, allow users to easily finance their purchase from one place without incurring high interest charges.
  3. Assured Assistance - When you get a home loan in UAE from the ARAB bank, you will find the required assistance at each step – application, disbursement, instalments, and others. So whether you have any queries at the time of application or face any difficulties with the instalments once the loan is sanctioned, you will find excellent customer support from the bank.
  4. Home Loans for Everyone - Arab Bank UAE offers home loans to UAE residents as well as non-residents from Jordan, Palestine, and Lebanon. Thus, even non-residents can take advantage of this loan to own a house in the UAE. 

Eligibility Criteria for Arab Bank Home Loan & Mortgage Loan

Let's have a look at the home loan eligibility criteria specified by the Arab bank

  • Monthly salary of at least AED 15,000
  • Available to both UAE nationals as well as residents 
  • The applicant must be at least 21 years old 
  • Both salaried individuals and self-employed individuals can apply 

ARAB Bank Interest Rates in UAE

Find below the Arab Bank interest rates for home loans

Type of Loan

Maximum Tenure

Maximum Amount

Flat Rate

Fixed Rate 

Ready Property Loan

25 years 

AED 5.5 Million

1.92%

3.49%

Buy your dream home through Home Loan @ lowest Rate in uae

Documents Required for Arab Bank Home Loans in UAE

Here is the list of documents that you will need to apply for an Arab Bank home loan

  • A copy of your bank statements
  • Salary or income verification certification
  • National ID for UAE nationals and valid Passport and Visa details for residents
  • Down payment proof
  • Property ownership certificate
  • Recent utility bills issued in the applicant's name 
  • Property purchase and sales agreement

How to Apply for ARAB Bank Home Loans in UAE?

Applying for an Arab Bank home loan is a pretty much straightforward and hassle-free process. 

You can apply for an Arab Bank home loan in UAE online via policybazaar.ae or via the official website of the bank. Given below are the steps to be followed in each case:

Applying Via Policybazaar UAE

  • Visit policybazaar.ae and go to the ‘Home Loans’ section
  • Find a lead form on the right and submit it after filling it out. You will be redirected to the quotes page then.
  • Compare the features of the different loan options available and pick the one that best suits you (the Arab Bank home loan, in this case)
  • Provide additional details (if any) to complete your application
  • Once you submit your application, you will be contacted by Policybazaar UAE for further steps

Applying Via the Arab Bank Website

  • Go to the official Arab Bank website and check out the section ‘Loans and Credit Facilities’ in consumer banking
  • Go through the available home loan plans and their key features and details
  • After selecting a particular plan, you can click on the option of ‘Online Application Form’ 
  • Fill out this new form with details concerning your income, nationality, and other factors
  • Submit your application along with the necessary documents, if any
  • An executive from the bank will soon connect with you for the further process

You can also visit your nearest Arab Bank branch and apply for your preferred Arab Bank home loan. Another option here is to call the bank's customer care number (4600900) to initiate the application process.

Home Loan Arab Bank Mortgage Loan Calculator

To have a better idea about your home loan, you can utilise the Arab Bank Mortgage Loan Calculator, a free online tool that you can use any number of times. You can calculate your monthly loan instalments along with the total interest amount using the Arab bank mortgage loan calculator. 

After accessing this tool, simply choose the type of loan you would like to apply for, the repayment tenure, and the loan amount you wish to borrow. With this online tool, in just a few clicks, you will be able to find out the instalment amount for your loan over the specified loan tenure. Owing to the flexibility of this tool, you also have the option of increasing or decreasing variables like tenure and loan amount to experiment thoroughly and make a well-informed decision.

Why Choose ARAB Bank home loans & Mortgage Loans in UAE? 

Arab Bank home loans are flexible in terms of repayment terms and tenure. The bank ensures that this home loan in UAE is easily available to customers without posing the challenge of high interest rates. Such low interest rates, combined with high loan amount limits, allow users to fulfil their property ambitions while keeping the loan costs in check. 

Another key aspect of these loans is the ease of access. Once it is ascertained that you fulfil the eligibility criteria, you will be able to access the loan swiftly and without much documentation. All these factors combine to make Arab Bank home loan in UAE one of the popular choices. 

FAQs

What is Arabi online?

Arabi online primarily refers to the internet banking services of the Arab Bank. Users can benefit from a wide range of features offered by Arabi online like -

  • Account status information 
  • Details of the credit card and its summary
  • Payment of due bills
  • Fund transfer
  • Application for new financial products from the Arab Bank 
How can I book for Hala Arabi?

You can visit your nearest Arab Bank branch and submit the subscription application or contact the customer care centre of the bank to complete the needful.

How much can I borrow under the Arab Bank home loan?

One can avail of up to 80% of the value of the property from the Arab Bank via its home loan in UAE.

What is the maximum tenure for the Arab Bank home loan?

One can repay an Arab Bank home loan in a maximum tenure of 25 years. 

 

What is SMS Express?

The SMS Express of Arab Bank lets users receive bank transaction updates right on their mobile phones. Moreover, you may get cash deposit SMS, salary deposit SMS, Inward transfer updates, and more through the SMS Express subscription.

What Terms & Conditions do I need to keep in mind when opting for Arab Bank Home Loans?

Be mindful of the following points before applying for an ARAB Bank mortgage loan

  • You can use the loan amount for the approved purposes only 
  • A written request must be provided for any changes in the agreement
  • With the borrower required to make the monthly repayment before the due date, any payments made after the due date will be subject to additional fees

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