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Emirates NBD Home Loan for Expats

Emirates NBD Bank

Home Loan for Expats

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

25%

Repayments Up To

25 Years

Advantages

  • Get pre-approved facility
  • Low insurance charges
  • High finance
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

25%

Down Payment

repayment

25 Years

Repayments Up To

Advantages

  • Get pre-approved facility
  • Low insurance charges
  • High finance

View details on bank page

Features

  • Approval In principle is provided
  • Minimum salary of AED 20000 is required
  • Home Finance is provided at a fixed interest rate of 2.2%
  • Home Finance is provided on a reducing interest rate of 3.99%
  • Salary transfer to Emirates NBD account is not required
  • The loan is provided for a maximum tenure of 25 years
  • Both life insurance and property insurance is mandatory
  • 1% of the total loan amount is charged as processing fees
  • Maximum loan amount provided is AED 15000000
  • 25% of the property value should be paid as the down payment
  • 1% of outstanding loan amount is charged on early settlement

Benefits

  • High finance is provided
  • Low insurance rates
  • Co-applicants need not be salaried individuals
  • Quick and hassle free documentation
  • Low-profit rates
  • Less down payment requirement
  • Low additional charges

Frequently Asked Questions

⭐ Are expats eligible to apply for Emirates NBD home loan?

A. Yes, Expats are eligible to apply for Emirates NBD home loan.

⭐ What is the maximum finance provided for expats?

A. A maximum finance of AED 15M is provided for Expats.

⭐ What is the age limit to be eligible for the loan?

A. Applicants of age limit 21-60 years are eligible for the loan.

⭐ How many months bank statements are required?

A. For salaried individuals minimum, 6 months latest bank statements are required.

⭐ What are the required documents to prove identity?

A. To prove the identity applicants must provide valid Emirates ID and passport.

⭐ Can my parents be co-borrowers?

A. Yes, your family can be included as co-borrowers if needed.

⭐ Is it mandatory to get insurance on the property?

A. Yes, property insurance is mandatory.

⭐ What are rates for property insurance?

A. 0.05% of the property value is property insurance value.

⭐ Are any additional charges/fees included at the time of approval?

A. Yes, processing fees are added which is 1% of the approved loan amount.

Emirates NBD

In 2007, Emirates Bank International (EBI) and the National Bank of Dubai (NBD), the second and fourth largest banks in UAE, merged to form the banking champion - Emirates NBD. With more than 200 branches and over 900 ATMs and Cash Deposit Machines (CDMs) across the country and overseas, it is globally recognized as the most valued financial services provider in the Middle East. On November 15, 2016, Emirates NBD took over Emirates Money Consumer Finance LLC, becoming a regional consolidation blueprint for banking and finance sector in the UAE.

Corporate Values of the Emirates NBD are:

  • Customer Focus
  • Service Excellence
  • Innovation
  • Passion For Performance
  • Integrity
  • Teamwork

   Get in touch with Emirates NBD Customer Care