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United Arab Bank Home Finance for UAE Nationals

United Arab Bank Bank

Home Finance for UAE Nationals

Minimum Salary

AED 15K

Flat Rate

1.79%

Reducing Rate

3.29%

Loan Amount

AED 10000K

Early Settlement Fee

1%

Arrangement Fee

0.8%

Down Payment

20%

Repayments Up To

25 Years

Advantages

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

AED 15K

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

20%

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 individuals are eligible
  • Minimum salary of AED 15000 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
  • High finance amount
  • Low down payment requirement
  • 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

⭐ Is it mandatory to transfer my salary?

A. No, the salary transfer is not mandatory but you get some additional benefits if you transfer your salary.

⭐ What is the processing fees if I transfer my salary to the United Arab bank?

A. 0.8% of the loan amount is charged as processing fees if you transfer your salary to United Arab Bank.

⭐ Do I get a loan for under construction properties?

A. No, Only completed properties are eligible for the loan.

⭐ What is the processing fee, if I transfer my existing loan to United Arab Bank?

A. On buyout loans, there are no processing fees charged.

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

A. The maximum age to be eligible for a loan is 65 years.

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

A. The minimum age is 21 yrs to be eligible for the loan.

⭐ What is the minimum salary required for UAE Nationals?

A. The minimum salary required for UAE Nationals is AED 15,000.

⭐ 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 insurance fee?

A. 0.40% of the loan amount is charged as the insurance fees.

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