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CBD Mortgage Loans for UAE Nationals

CBD Bank

Mortgage Loans for UAE Nationals

Minimum Salary

AED 20K

Flat Rate

2.2%

Reducing Rate

3.99%

Loan Amount

AED 15000K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

Repayments Up To

25 Years

minimum salary

AED 20K

Minimum Salary

flat rate

2.2%

Flat Rate

reducing rate

3.99%

Reducing Rate

max finance

AED 15000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

20%

Down Payment

repayment

25 Years

Repayments Up To

View details on bank page

Features

  • Only UAE nationals can apply for this loan
  • Minimum age of 21 years is required
  • For the salaried individual minimum length of service of 6 months is required and for the self-employed individual Minimum length of 3 years in business
  • For salaried individuals 3 months bank statement is required and for self-employed individuals, original 12 months company and personal bank statement is required to be submitted
  • Minimum salary of AED 20,000 is required
  • Finance is provided at an interest rate of 3.99%
  • The reduction rate and the flat rate is 3.99% and 2.2%. This denotes that the computation done was a division of the reduction rate by 1.813.
  • Finance up to AED 15,000,000
  • Mortgage amount of up to 80% of the property value
  • Required to put 20% down payment for this finance

Benefits

  • Finance repayment period of up to 25 years for UAE Nationals
  • High loan amounts
  • Low-Interest rates
  • There is no processing fee for Buyouts
  • Repayment period is up to 25 years
  • You get to repay up to 15% of your Outstanding loan every year without paying any additional charges or fees
  • You get dedicated Staff to assist you further

Frequently Asked Questions

⭐ What is the maximum finance for Mortgage loan provided?

A. Maximum finance for a Mortgage loan is AED 1500000.

⭐ I’m not a CBD Bank customer. Am I eligible for a mortgage loan?

A. Yes, you are eligible to apply for a Mortgage loan at CBD Bank.

⭐ I’m not a resident of UAE. Can I apply for CBD Bank mortgage loan?

A. Non-Residents of UAE are eligible to apply for a mortgage loan in CBD Bank for purchasing a property in Dubai, Abu Dhabi, and Ras Al Khaimah.

⭐ Should I transfer my salary to CBD Bank?

A. No, Salary transfer is not mandatory.

⭐ I’m 22 years old. Am I eligible for a mortgage loan?

A. Yes, the age limit to apply for a mortgage loan in CBD Bank is 21 years to 65 years.

⭐ Is salary certificate a mandatory document to apply for a mortgage loan?

A. Yes, for salaries customers salary certificate is a mandatory document.

⭐ I already have a mortgage loan in another bank. Can I transfer it to CBD Bank?

A. Yes, CBD Bank provides buyout loan facility.

⭐ What is the minimum salary required for CBD Bank mortgage loan?

A. For both UAE Nationals and Expats the minimum salary required is AED 20,000.

CBD

Commercial Bank of Dubai (CBD) offers a wide range of retail and commercial banking products and services, in both conventional and Shariah-compliant formats, with a network of 26 branches and over 210 ATMs throughout the UAE. The bank endeavors to build sustainable prosperity through extraordinary banking experiences. CBD commits to:

  • Authenticity
  • Simplicity
  • Partnership
  • Innovation
  • Responsibility
  • Excellence

   Get in touch with CBD Customer Care