Emirates NBD Mortgage Expatriates

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

Particulars

Details

Minimum Salary

AED 10,000 per month

Rate of Interest Per Annum

Flat - 3.04%
Reducing – 5.75%

Tenure

Up to 25 years 

Cities Included

Dubai, Abu Dhabi

Maximum Loan Amount

AED 15 million

Eligible Individuals

Salaried/self-employed

Click here to Apply for Emirates NBD Mortgage for Expatriates

Buying a new house is there in almost every individual’s to-do list. Living in a house that you own can indeed provide an unparalleled living experience and a sense of security. However, compared to UAE nationals, expatriates may face additional challenges when they plan to purchase a property in the country and enjoy the mentioned benefits. To ensure that no compromise is required at least in terms of finance, Emirates NBD provides affordable mortgage loan in UAE to expatriates. 

Features & Benefits of Emirates NBD Mortgage for Expatriates

Emirates NBD Mortgage for Expatriates is planned in a way that benefits the customers to a great extent. Listed below are a few key benefits that you can enjoy with this Emirates NBD mortgage loan:

  • Loan Amount - The loan amount provided under the Emirates NBD mortgage for expatriates ranges between AED 250,000 and AED 15 million. With such a high loan amount, you can even opt for luxury homes without minimising your other expenditure related to you and your family. 
  • Longer Tenure - This type of Emirates NBD home loan in UAE is widely known for its flexible repayment tenure. Instead of being required to pay off the amount in a short span of time, an individual can take as long as 25 years to repay the amount. Having such a long repayment tenure option gives sufficient flexibility to customers to plan their finances accordingly with this Emirates NBD mortgage loan. 
  • Affordable Interest Rates - To ensure the convenience of repayment for customers, the interest rates charged on this mortgage loan are not kept high. With the rates starting as low as 3.04% per year, one can easily opt for this Emirates NBD home loan without deliberating over the interest amount.
  • Salary Requirement - In the case of the Emirates NBD mortgage for expatriates, the minimum income criterion is quite lenient, i.e., only AED 10,000 per month. Thus, even customers with average income can apply for this home loan in UAE without much hassle. In addition to that, the bank does not mandatorily require salary transfer to provide this type of mortgage loan in UAE for ex-pats. 

Documents Required for Emirates NBD Bank Mortgage for Expatriates

Make sure that you have all the documents listed below with you when you start the application process for Emirates NBD home loan for Expatriates.

  • Identity Proof
    • Original and a copy of the Emirates ID
    • Passport and its copy along with a valid Resident Visa page
  • For Salaried Customers
    • The latest salary certificate addressed to the Emirates NBD Bank
    • Latest pay slips
    • Employment proof for the previous job if your tenure at the current firm is than 3 years
    • Bank statement for the previous 6 months
  • For Self-Employed Customers
    • Copy of a valid trade license
    • Plus Memorandum Of Association
    • Past 2 years audited financial
    • Bank statement for the last 6 months
  • Co-Borrower Documents
    • Valid Passport and Visa page
    • Income proof and documents
    • MOA and TL if the borrower is a company 
    • Passport copy

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

Eligibility Criteria for Emirates NBD Bank Mortgage for Expatriates

Before you head to apply for the loan, it is essential to check the eligibility criteria for any home loan in UAE plans as applying for the same without fulfilling the requirements can directly lead to the rejection of your application. 

The following are the notable criteria for this Emirates NBD home loan:

Criteria

Details

Minimum salary required

AED 10,000 per month

Salary Transfer Needed

No

How to Apply for Emirates NBD Bank Mortgage for Expatriates?

Applying for an Emirates NBD mortgage for Expatriates is a simple and hassle-free process. You can simply visit the official website of Emirates NBD and locate the ‘home loans’ section there. Next, you can click on the home loans for expatriates option and apply for the same. You will be asked to fill out an application form and submit it with the specified details and documents to initiate the application process.

One can also visit the nearest branch of Emirates NBD and fill out an application form via the offline method. Apart from these, you can also apply through Policybazaar UAE and enjoy special benefits in terms of more choices, detailed comparisons, and more. The most remarkable benefit of applying with us is that you will be able to view multiple plans related to home loan in UAE and make detailed comparisons to get the best option for yourself.

To apply with policybazaar.ae 

  • Go to policybazaar.ae  
  • Click on the 'home loan' option on the main page
  • Fill out a short form with your details like email address, name, contact number, monthly salary, and more
  • This will show you the quotes for the best home loan in UAE as per your provided details
  • Choose your preferred bank and plan and click on 'Apply Now' 

Once you provide further details after the previous step, an executive from Policybazaar UAE will soon connect with you for further steps in the procedure.

Reasons to Select Emirates NBD Bank Mortgage for Expatriates

Users opting for Emirates NBD mortgage Expatriates can enjoy several facilities offered by one of the most eminent banks in the country. When it comes to the mortgage loan in UAE for expatriates, Emirates NBD ranks among the top choices as it offers high loan amounts at affordable low-interest rates. Moreover, with the loan tenures going up to 25 years, you can easily get this Emirates NBD home loan and complete the repayments in manageable monthly instalments. 

FAQs

What is the maximum loan amount?

The maximum home loan amount one can get with an Emirates NBD mortgage loan is AED 15 million.

Is it mandatory to transfer salary for a home loan?

While the salary transfer is not required, you can get several benefits if you opt for the feature with this Emirates NBD mortgage for expatriates.

What if I fail to repay the loan amount?

In case a customer fails to repay a home loan in UAE, they will be required to pay the late instalment fees and may face the prospect of losing their property to the provider. 

Who will repay the loan if the customer dies untimely?

If an individual chooses to insure their Emirates NBD mortgage loan, the responsibility for loan repayment will fall on the insurance company and not on their family If the individual in question dies before the loan is repaid.

What if I'm not satisfied with the home loan?

You can cancel your Emirates NBD home loan within the bank’s specified period without any penalty, although a foreclosure fee may be applied. It is recommended to directly verify the cancellation policy with the bank for a mortgage loan in UAE.

Reviews & Ratings

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