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United Arab Bank Home Finance for Expats

United Arab Bank Bank

Home Finance for Expats

Minimum Salary

AED 20K

Flat Rate

1.79%

Reducing Rate

3.29%

Loan Amount

AED 10000K

Early Settlement Fee

1%

Arrangement Fee

0.8%

Down Payment

25%

Repayments Up To

25 Years

Advantages

  • Avail buyout loan facility
  • Low processing fees on salary transfer
  • Salary transfer is optional
minimum salary

AED 20K

Minimum Salary

flat rate

1.79%

Flat Rate

reducing rate

3.29%

Reducing Rate

max finance

AED 10000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

0.8%

Arrangement Fee

down payment

25%

Down Payment

repayment

25 Years

Repayments Up To

Advantages

  • Avail buyout loan facility
  • Low processing fees on salary transfer
  • Salary transfer is optional

View details on bank page

Features

  • Follows both conventional and Islamic banking principles
  • Both self-employed and salaried expats are eligible
  • Minimum salary of AED 20000 is required
  • Home Finance is provided at a fixed interest rate of 1.79%
  • Home Finance is provided on a reducing interest rate of 3.29%
  • Salary transfer to United Arab Bank account is optional
  • Maximum loan amount provided is AED 10000000
  • Life and property insurance is required
  • 1% of the total loan amount is charged as processing fees
  • The loan is provided for a maximum tenure of 25 years
  • 20% of the property value should be paid as the down payment
  • 1% of outstanding loan amount is charged on early settlement

Benefits

  • Low-interest rates
  • Salary transfer is not mandatory but provides additional benefits for transferring your salary
  • Low processing fees on salary transfer
  • Can avail buyout loan facility
  • Competitive insurance rates
  • Quick processing of loan

Frequently Asked Questions

⭐ What is the processing fees for salary transfer individuals?

A. The processing fees for salary transfer individuals is 0.8% of the approved loan amount.

⭐ Can I transfer my existing mortgage loan to United Arab Bank?

A. Yes, you can transfer your existing mortgage loan to United Arab Bank.

⭐ What is the processing fees for buyout loans?

A. The buyout loans are provided for 0% processing fees.

⭐ Can I get a loan for under construction properties?

A. No, United Arab bank provides loan for only completed properties.

⭐ What is the minimum salary required for Expats?

A. The minimum salary required for Expats is AED 20,000.

⭐ What is the minimum income required for Self-employed individuals?

A. The minimum income required for a Self-employed is AED 15,000.

⭐ What is the minimum age required to be eligible for the finance?

A. The loan applicant must be of minimum 21 years old to be eligible for the finance.

⭐ What are the fees for life insurance?

A. You need to pay 0.40% of the total loan amount as the processing fees for life insurance.

⭐ How to apply for life insurance?

A. You will be automatically provided with the Life Insurance with any extra paperwork.

⭐ Do UAB follows Conventional banking principles or Islamic banking laws?

A. UAB follows both conventional banking and Islamic baking principles.

United Arab

Headquartered in Sharjah, with over 25 branches across the UAE, United Arab Bank, P.J.S.C. (UAB), which was incorporated in 1975, has established itself as a leading banking services provider in the UAE. UAB has a Vision ‘of being the trusted partner and the UAE bank of choice for customers’ and a Mission of ‘offering a superior customer experience, creating shareholder value, and adopting an innovative banking approach while remaining loyal to the nation's heritage and contributing to the overall development of the UAE.’ UAB follows the values of :

  • Integrity
  • Customer Focus
  • Competence
  • Consistency
  • Courteousness

   Get in touch with United Arab Bank Customer Care