Home loans for doctors enable healthcare professionals to construct or purchase the home of their dreams without worrying about finances. Mortgage loans in the UAE for doctors have reasonable interest rates as well as high finance amounts that help doctors purchase a property or construct a home.
To help you find the best plans for home loans in the UAE for doctors, this article will discuss the key aspects of the top home loans for doctors in the UAE.
Features and Benefits of Home Loans for Doctors in UAE
You can expect the following features and benefits with most plans related to home loans for doctors in the UAE &
Competitive interest rates
Quick loan processing
Availability of balance transfer facility
Flexible loan repayment tenure of up to 25 years
High finance amount
Down payment of 20%
Both conventional and Sharia-compliant home loans available
Top 5 Home Loans for Doctors
Let’s now go through the top plans concerning home loans for doctors from the leading financial institutions in the emirates
Emirates NBD offers two different types of home loans in the UAE for doctors & one is for UAE nationals while the other one is for ex-pats. The two home loans are detailed below &
First Abu Dhabi Bank or FAB chiefly provides four types of home loans in the UAE & for residences and investment in UAE, Islamic home finance, home loans for Non-UAE residents, and Mortgage loan for Rented Backed Finance.Find below the main details of each plan &
Dubai Islamic Bank (DIB) offers four major types of mortgage loans in the UAE & home loans for first time buyers, for Badr Properties, Existing Home Owners, and Government Housing Schemes.Given below are the most relevant details of each of them
DIB First Time Buyers
Maximum Loan Amount & AED 50 million
Loan Repayment Tenure & up to 25 years
Salary transfer required
Reducing Profit Rates & starting from 3.25% per annum
Financing of up to 80% of the property’s value for nationals and 75% for expatriates
Assistance for purchasing a property from an existing home owner
HSBC, one of the largest global banks, has a client base of around 40 million customers. It has been present in the UAE since 1946 and offers financial solutions to both nationals and expatriates.With HSBC, you can get the following two types of home loans in the UAE &
HSBC New Home Loan
Maximum Loan Amount & AED 20 million
No home loan arrangement fee
Approval in Principle within 60 minutes
Maximum Loan Repayment Tenure & 25 years
Flat Rate & 1.96%
Reducing Rate & 3.59%
Settlement Fee & 1%
Processing Fee & 1%
Loan amount of up to 80% of the property value
Minimum Salary Requirement & AED 15,000 per month
No requirement for salary transfer
You can request additional funds for home improvement by applying for an equity release
This loan offers a fixed rate for two years & variable interest rates afterwards
Option to avail of HSBC home loan even while having an account with another bank
Abu Dhabi Islamic Bank (ADIB) is another leading provider of home loans for doctors in the UAE. While there is no distinctive loan, doctors can easily avail of a home loan either for ex-pats or UAE nationals based on their citizenship. The two types of loans are discussed below
Doctors can now build the home of their dreams with the help of the top home loans in UAE. These home loans are vouched for their flexible repayment tenure, high finance amount, minimum down payment, competitive interest or profit rates, and more.
To get the best deals on your home loan purchase, you can visit policybazaar.ae where you can find a pool of mortgage loans in the UAE & all from the top banks in the country. With every purchase on our website, you can get exclusive Policybazaar UAE discounts and offers which ensure that all the top products are available at affordable rates. Another distinctive feature of our website is that you can connect with our customer care team or finance experts at any time to resolve your queries or seek sound financial advice
Explore the quotes page of our easy-to-use website and select a loan option that meets your requirements by simply visiting the ‘Home Loans’ section.