Emirates Islamic Bank (EIB) Home Loan Eligibility in UAE

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Home loans in the UAE can prove to be the perfect support system to purchase your first property, especially if you don't want to pay the cost up-front out of your own pocket. Emirates Islamic Bank offers affordable home loans perfect for first-time home buyers, who want to take a strategic approach to property purchase.

However, in order to submit your application for an EIB home loan in UAE, you need to meet the eligibility criteria set by the bank. This article attempts to offer you all the important details related to EIB home loan Eligibility. 

EIB Home Loan Eligibility in UAE

Emirates Islamic Bank offers affordable home loan plans, but only for applicants matching the eligibility requirements ideally. Some requirements of the eligibility criteria are common for all kinds of home loan products that EIB offers. Others may differ for every different home loan product. 

Here is a checklist of all the eligibility requirements set by the bank for an EIB mortgage loan in UAE.

Eligibility Requirements


Minimum Age Requirement

21 years

Salary Requirement

AED 15000 per month

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

Residency Requirements for EIB Home Loan

Home Loan Plan

Eligibility Requirements

Binaa Home Finance

UAE Nationals

Manzili Home Finance

UAE Nationals, UAE Residents and Non-Residents of the UAE 

Why is it important to fulfil loan eligibility requirements?

Eligibility criteria for any credit line product are set to assure that the borrower is not only creditworthy enough to be trusted with borrowed money but also has ideal repayment capabilities for the sum they take. In addition to that, eligibility criteria help the banks in screening out fraud applications and fairly disburse loan amounts. As a borrower, fulfilling the eligibility criteria is the very step of securing the loan amount that you desire. 

Frequently Asked Questions

How to apply for an EIB home loan in UAE?

Applicants can visit the bank’s website to apply for the Emirates Islamic Bank home loan in UAE. Alternatively, you can visit Policybazaar.ae to browse through all the available options and apply for your preferred home loan.

What is the minimum age requirement for an EIB mortgage loan?

EIB mortgage loan has a minimum age requirement of 21 years.

What is the minimum salary requirement for an EIB mortgage loan?

EIB mortgage loan has a minimum salary requirement of AED 15000 per month.

Can the bank approve my loan application if I don’t meet the salary requirement?

No, home Loan applications are only approved if the applicant meets all the eligibility requirements including the minimum salary criterion.

How does the bank verify my loan eligibility criteria?

The bank demands documented evidence of your identity, income and residency to verify eligibility and approve home loan applications.

Can ex-pats avail of Emirates Islamic Bank home loans?

Yes, UAE residents can easily take EIB home loans if they meet the EIB home loan eligibility criteria. Manzili Home Finance is designed for UAE Nationals, non-residents and expatriate customers.

Is salary transfer necessary for EIB home loan?

No, salary transfer is not mandatory. However, having an active salary account with the bank can offer you multiple perks including low-interest rates on your EIB mortgage loan in UAE.

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