Emirates NBD Home Loans for UAE Nationals

Parameters	Details
Application Fees	Nil
Minimum Monthly Salary Required	AED 10,000
Processing Fees	1.05% of the loan amount
Salary Transfer Required	No
Late payment fees	AED 420
Islamic Finance Option	Not Available
Loan Amount	Up to 85% of the property value
Loan Tenure	25 Years

Click here to Apply for this Mortgage Loan

Purchasing a house is an important event in an individual's life. Choosing the best design and location are important aspects of buying a house but there are several other conditions that must be considered before such a big expense like buying a house. With Emirates NBD home loan, though, you can have an easy access to adequate funds to get your hands on the best available properties in UAE.

Whether you want to opt for a cozy house for a small family or you wish to move into a massive villa, money is never going to be a problem with the variety of options offered by Emirates NBD mortgage loan. The process is fairly straightforward for the Emiratis, as they can easily apply for Emirates NBD home loans for UAE nationals and manage the required capital without any hassle.  

Features & Benefits of Emirates NBD Home Loans for UAE National

Various features and benefits can be enjoyed once you are enrolled with Emirates NBD home loan for UAE nationals. Here are a few ones to mention –

• Long Tenure for Easy Repayment - The repayment tenure for this type of Emirates NBD mortgage loan is quite long, which allows the customers to easily pay it back in nominal instalments. You can get a tenure of up to 25 years with Emirates NBD Home Loans for UAE Nationals for an easy repayment experience. 
• High Loan Amount  - The amount that an individual can get with this type of mortgage loan in UAE by Emirates NBD for UAE Nationals can go as high as AED 15 million. This way, you won’t be required to make a compromise regarding your dream house due to financial scarcity. 
• Property Value - How much loan can you avail of for a specific property value is one of the major queries of individuals looking for a home loan in UAE. With Emirates NBD home loans for UAE nationals, you can get up to 85% of the property value. For the sake of illustration, if you purchase a house for AED 10 million, you can get an amount of up to AED 8.5 million with this Emirates NBD mortgage loan. This means that only AED 1.5 million will have to be paid from your end. 
• Low Rate of Interest - The interest rate for this mortgage loan in UAE by Emirates NBD is economical for the customers. With the flat rate beginning from 3.04% per annum and reducing rates starting at 5.75% per annum, you can easily manage your finances without being affected by instalments. It should be kept in mind that depending on the loan amount and tenure of your Emirates NBD mortgage loan, the rate of interest may vary. 

Documents Required for Emirates NBD Home Loans for UAE Nationals

When you apply for Emirates NBD Home Loans for UAE Nationals, you will be required to provide some basic documents that are generally required for most plans regarding the home loan in UAE like –

• Identity Proof

  • Original and a copy of Emirates ID
  • Passport copy with a valid resident Visa page

• Salaried individuals

  • Latest salary certificate or salary slip
  • Employment proof for previous work if less than 3 years of tenure in the current occupation
  • Bank statement of the last 6 months

• Self-Employed Individuals

  • A copy of valid trade license
  • Plus, Memorandum of Association (MOA) with all the amendments
  • Bank statement of last 6 months
  • Audit finances of the last 2 years

• Co-borrower

  • Passport and Visa page of the co-borrower
  • Salary documents
  • MOA and TL if the co-borrower is a company
  • Passport copy of the partners in this case

Eligibility Criteria for Emirates NBD Home Loans for UAE Nationals

In the following table, you will find the major eligibility criteria associated with this Emirates NBD mortgage loan.

How to Apply for Emirates NBD Bank Home Loans for UAE Nationals?

Applying for a mortgage loan in UAE with Emirates NBD is a task of a few simple steps. For this, you may either visit the official website of the bank or directly visit the nearest branch. Whichever mode you choose, you will have to obtain a home loan form, fill it up with your credentials, and submit it form along with the documents required. 

Besides these two options, you can also apply for this home loan in UAE on our website with a few clicks. The simple steps involved for the same are –

• Click on the 'home loans' as mentioned on the top menu bar of policybazaar.ae 
• A form will appear where you will need to mention your name, email address, contact number, and other details 
• After submitting the information, you will be able to view the quotes for a home loan in UAE from the top-rated banks
• Here, you can select the Emirates NBD Bank
• After finalising, click on the 'apply now' option and provide further details as asked

Policybazaar UAE will connect with you soon for further formalities after receiving your application.

Reasons to Choose NBD Bank Home Loans for UAE Nationals

While selecting a bank for a home loan in UAE, one may ponder why they should go with a particular bank. When it comes to prestigious banks like Emirates NBD, several reasons make the institution and its offered plans for a mortgage loan in UAE highly attractive. 

Besides easy processing, minimal charges, and long tenor, you can also avail of high loan amounts with this type of Emirates NBD mortgage loan. You can receive up to 85% of the property value as the loan amount and can easily repay the amount in 25 years. Another major feature of the bank is its excellent customer service, which can be contacted for guidance at any point in the procedure. 

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