CBD Bayty Home Finance

Best Home Loans to buy your dream home

T&C Apply

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

Get Home & Mortgage loan at Lowest Interest Rate

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Get Home & Mortgage loan at Lowest Interest Rate

  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ras Al Khaimah
  • Ajman
  • Other

Parameters 

Details 

CBD Mortgage loan amount 

Up to AED 15 million

Profit Rate 

Starts at 2.49%

Pre-payment of loan

Available with nominal fees 

Upper age limit for applying for CBD Home Loan

UAE nationals and self-employed ex-pats - 70 years

Non-residents and salaried ex-pats - 65 years

Loan Tenure 

Up to 300 months (25 years)

Pre-approval fee for

Salaried persons: AED 1,575

Self-employed individuals: AED 2,100

Non-residents (both salaried and self-employed):  AED 2,100

While you will discover plenty of options for a conventional home loan in UAE, you will also find Islamic home finance plans in the country. With providers like CBD Al Islami, you will be able to avail of a home loan in UAE without compromising your Islamic belief.

CBD Bayty Home Finance is a renowned mortgage loan plan in Islamic Banking in the UAE. The bank provides unparalleled Islamic Banking Services to its customers, with easy access to Sharia-compliant financial products and services. 

Key Benefits of CBD Bayty Home Finance

Let’s now have a glance at the major benefits you can expect with a CBD Mortgage loan of this type.

  1. Competitive Profit Rates - CBD Al Islami offers Shariah-compliant mortgage loans and home finances that are easy to afford, with profit rates starting from just 2.49% per annum.
  2. Flexible Payments Options - While one can have a CBD home loan in UAE for a maximum tenure of 25 years, several other tenure options are available if you opt for a CBD mortgage loan. With such flexible repayment options, you can select a tenure at your convenience and make the repayments without much hassle
  3. High Finance for Your Next Home - With this CBD home loan offering up to AED 15 million as the loan amount, you will be able to secure your dream home without spending much out of your own pocket.

Documents Required for CBD Bayty Home Finance in UAE

The following list of documents is to be kept ready when you initiate the application process for a CBD home loan in UAE

For Salaried Individuals 

For Self-employed Persons

Application form along with an authorisation letter for the purpose of bureau check

Application form with an authorisation letter for bureau check

Salary Certificate

Trade license copy

Last three-month bank account statement

Business registration papers, co-partner agreement papers

Emirates ID or Passport 

Last 12 month Bank statement of the company and personal account

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

Eligibility Criteria for CBD Bayty Home Finance  

Remembering the applicable eligibility requirements is necessary to avoid any eleventh-hour hassles when you apply for a CBD home loan or mortgage loan in UAE. Tabled below are the major eligibility criteria for CBD Bayty Home Finance:

For Salaried Persons

(UAE Nationals and Expatriates)

The applicant must be at least 21 years old (and a maximum of 65 years old at the time of loan maturity)

Must have a minimum income of AED 12,000 a month

A minimum service period of 6 months in the UAE required

For Self-employed individuals

(UAE Nationals and Expatriates)

Below the age of 70 years at the time of loan maturity and minimum of 21 years old

A monthly income of at least AED 20,000 

Minimum business length period of 3 years in the UAE

How to Apply for CBD Bayty Home Finance?

You can directly apply for CBD Bayty Home Finance from the official CB Al Islamic website or mobile app without visiting any offline branch. However, if you find the offline option more convenient, you can always visit the banks nearest branch. Other than that, you can explore several conventional CBD mortgage loan options on Policybazaar UAE. 

To buy the best deals for loans and insurance with policybazaar.ae, simply follow these steps -

  1. Visit policybazaar.ae and fill out a short form under the “Home loan” segment.
  2. You would be asked to enter your details in the form like name, email address, phone number, etc.
  3. After submitting the details, you can access numerous home loan quotes from the top banks in the UAE.
  4. By comparing the pros and cons of each quote, you will be able to decide which home loan would be best for you as per your requirements.
  5. If you are drawn to any specific quote, you can directly apply for it by clicking the ‘Apply Now’ button.
  6. A representative from Policybazaar will contact you after this step to help with your application further.

Why Choose CBD Bayty Home Finance?

CBD Al Islami is a distinguished institution in terms of Islamic financial services in the UAE. The bank offers a digital pre-approval process that ensures a smooth buying experience for all customers. The bank also provides high financing amounts at minimum profit rates, which, combined with the flexibility of tenures, make CBD home loans suitable choices for loan seekers. 

Notably, CBD Bayty Home Finance is Sharia-abiding and follows the Ijarah structure. The bank also has a receptive customer care service to resolve any queries at any instant. The bank also provides specialised home loan advisors to guide you through all the steps of the process. 

FAQs

What is the pre-approval fee for a mortgage loan at CBD Islami?

The pre-approval fee for a CBD Al Islami mortgage loan in UAE are:

  • AED 1,575 for Salaried Individuals 
  • AED 2,100 for Self-Employed individuals 
  • AED 2,100 for Non-Residents (Both salaried and self-employed)
What is the L-T-V offered by CBD Islami Bank?

CBD Islami Bank offers a loan to value ratio of 85% of the market value based on the UAECB guidelines.

What are the early settlement fees at CBD Islamic Home Finances?

The early settlement fee is 1% of the outstanding amount with an upper cap of AED 10,500.

How much Loan to Value will I be offered when I take a mortgage loan at CBD Islami?

You can get up to 85% of the value of your house with this CBD mortgage loan.

Reviews & Ratings

4.6 / 5 (based on   20020 google icon reviews)

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