Home & Mortgage Loan Eligibility in UAE - Check Eligibility Criteria for home loan & mortgage loan in UAE If you want to apply for home & mortgage loan in UAE.
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Purchasing a home is lifetime milestone for individuals. In addition, it requires a significant amount of funds and you need a home loan to meet the fund requirement. Home loans are crucial for home purchases, but choosing the right lender is much more important. When you need to buy a commercial property, your own home or when you want to invest in a property, choosing Commercial Bank of Dubai home loan products is your best option.
Commercial Bank of Dubai (CBD) is one of the largest banks in the UAE. Established in 1969, the bank commenced its operations from a wide network of branches spread across the country. The bank caters to a wide spectrum of customer segments through an array of specialized banking services. At present, the bank has also been abreast with current trends and technology ensuring that all its products and services are adapted accordingly.
When it comes to financing your home purchase, you want a mortgage solution that offers competitive rates and attractive features. Commercial Bank of Dubai's Mortgage Loan is designed to meet your requirements. Following are the features of CBD home loan.
Mortgages are a great way to finance your home loan. At Commercial Bank of Dubai, you can find a mortgage loan that suits you as per your financial requirements. Here's what mortgage loans can do for you:
All home loan products come with a set of eligibility criteria and the Commercial Bank of Dubai Mortgage Loan is no exception. This means that you will need to meet some specific requirements to apply for this type of home loan.
However, if you are a business owner, the following eligibility requirements are applicable:
The bank can issue an in-principle pre-approval based on the application submitted by the applicant. The pre-approval declares that the applicant can fulfil the stated conditions, and can receive a credit limit.
Here are the eligibility requirements:
Here are the interest rates for CBD Home Loan Interest Rates
Mortgage Type |
Maximum Loan Tenure |
Maximum Loan Amount |
Interest Rate |
Mortgage Loan for UAE Nationals |
300 months |
20 million AED |
2.49% |
Mortgage Loan for Expats |
300 months |
20 million AED |
2.49% |
Applying for a Commercial Bank of Dubai home loan is easy and streamlined. You can apply for the home loan online from the comfort of your home or visit a nearby branch.
Commercial bank of Dubai offers home loans at an affordable price. Given below is the required documents that are needed to complete your home loan formalities:
If you are an employed UAE national:
If you are an employed Expat:
If you are a business owner:
Please Note: You may need to provide additional paperwork as per your eligibility criteria and underwriting terms.
Whether you already own a home or looking to get one, investing in real estate can be a great way to grow your wealth. But as with all investments and loan products, you need to start by doing ample research and comparing various options. The Commercial Bank of Dubai has put together an online Mortgage Loan Calculator Tool, which is designed to compare different loans amounts, monthly EMIs etc.
Follow the steps below to compute your monthly mortgage payment:
Here are some terms and conditions you need to understand and accept before applying for a CBD Home Loan.
Taking a loan for your home may seem like a daunting task especially if you are unaware of the processes. However, CBD makes the loan application process as simple and easy so you can focus on the more important things in life like renovating your home or adding a new room.
Commercial Bank of Dubai (CBD) has always been a pioneer in offering affordable loan facilities for the region and beyond. The bank offers home loans with fixed interest rates, flexible repayment tenure and easy documentation. You don’t need to visit bank branches as the whole process is completely digital. And the loan amount is completely based on your needs and offering an amount of up to a limit of 20 million AED. This flexibility is what makes CBD's home loans stand out among other home loans available in this region.
Yes, a big amount of down payment reduces the interest rate on future loans and gives your lender assurance that you're not a risk.
CBD Home Loans provides you with a home loan amount of up to 20 million AED.
Yes, CBD Home Loans provides you with the feature of property refinancing. UAE nationals have the option of refinancing in farm homes as well as land plots. Expats can refinance in Dubai property plots with certain developers.