UAE Nationals Home Loans with Fixed Interest Rates

Lending institutions in the UAE offer a wide range of mortgage loans to help potential home seekers buy their desired property. Curated for both nationals and expatriates, each of these products has specific features, benefits, and terms and conditions.

Primarily, home loans are categorised into two segments — loans with fixed interest rates and variable interest rates. Here, we will cover UAE national home loans with fixed interest rates.

Top Banks Providing Fixed Interest Rate Home Loans in UAE

Abu Dhabi Islamic Bank (ADIB) offers home loans with fixed interest rates to UAE nationals. The interest rate starts from 1 month EIBOR + 1.79%.

What are the Eligibility Criteria for UAE National Home Loans with Fixed Interest Rates?

Here are the common eligibility criteria to apply for a UAE national home loan with a fixed interest rate -

Eligibility Criteria	Requirements
Age	Minimum Age: 21 years old Maximum Age: 65-70 years old
Employment Status	Either a salaried employee or a self-employed individual
credit Score	As per the bank’s requirements

Documents to Apply for a Mortgage Loan with Fixed Interest Rate in UAE

Mentioned below is the checklist of the documents required to apply for a fixed interest home loan in the Emirates -

For Salaried Individuals

• Original passport
• Original Emirates ID
• Valid salary certificate issued to the Bank
• Latest 6 months’ bank statement

For Self-Employed Individuals

• Original passport
• Original Emirates ID
• Valid copy of Trade Licence
• Latest 6 months’ bank statements
• Memorandum of Association (MOA)

Co-Borrowers (If Any)

• Original passport
• Original Emirates ID
• Valid income documents
• Latest 6 months’ pay slips
• Last 6 months’ bank statements
• Valid Trade Licence and MOA (If the co-borrower is a company owner)

How to Apply for a Mortgage Loan in the UAE via Policybazaar UAE?

Here’s how you can easily apply for a home loan with a fixed interest rate via Policybazaar UAE:

• On our official website, navigate to the ‘Home Loan’ page under the ‘Banking Products’ drop-down from the homepage.
• Fill out the lead form correctly and submit it.
• Once the home loan quotes page appears, go through the list of banks.
• Carefully read all the loan product descriptions and select the most suitable one.
• Follow the on-screen prompts and submit the application form.

Note: Once you submit the loan application form, one of our experts will shortly give you a callback and assist you with the further steps.

Policybazaar UAE: Helping you navigate the wilderness of the insurance world!