ADIB Smart Account

Check Eligibility for United Arab
Home Loan

You are eligible to apply for a United Arab
Home Loan .

You may not be eligible * to apply.

* Minimum salary AED 15000 required to apply for a United Arab Home Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

United Arab Home Loan Calculator

Home Loan Provided By United Arab

Check Eligibility for United Arab Home Loan

You are eligible to apply for a United Arab
Home Loan .

You may not be eligible * to apply.

* Minimum salary AED 15000 required to apply for a United Arab Home Loan .

Click here to check loans from other banks.

United Arab Home Loan Calculator

ADIB Smart Account

Features of United Arab Home Loan

  • Loans up to 80% of property value
  • Interest rates as low as 2.99% p.a.
  • Option to choose between fixed and variable rates
  • Long Repayment Tenures (Up to 25 years)
  • Conventional and Islamic finance options
  • Refinance facility for unencumbered properties

Eligibility Criteria of United Arab Home Loan

  • Salaried/Self-Employed Individuals
  • UAE Nationals/Resident Expatriates

Minimum Income:

  • AED 15000 (For UAE Nationals)
  • AED 20000 (For Resident Expatriates)
  • AED 50000 (For Self-Employed)

Documents Required of United Arab Home Loan

  • Copy of valid passport
  • Copy of Emirates ID (For UAE nationals)
  • Copy of residence Visa (For resident expatriates)
  • Copy of trade license (For self-employed)
  • MoU/SPA for the property in consideration
  • Copy of Title Deed

Proof of Income

  • Salary Certificate from employer (only for salaried)
  • Past 6 months active bank account statements

Note: The bank may ask for more documentation if it sees necessary. Contact the nearest branch for more clarification.

United Arab Home Loan Interest rates

United Arab Bank

2 United Arab Bank Home Loans

Home Finance for UAE Nationals

minimum salary

Minimum Salary

AED 15K

flat rate

Flat Rate

1.79%

reducing rate

Reducing Rate

3.29%

loan amount

Loan Amount

AED 10000K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

0.8%

down payment

Down Payment

20%

repayment

Repayments Up To

25 Years

minimum salary

AED 15K

Minimum Salary

flat rate

1.79%

Flat Rate

reducing rate

3.29%

Reducing Rate

loan amount

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

Features

  • Follows both conventional and Islamic banking principles
  • Both self-employed and salaried individuals are eligible
  • Home Finance is provided at a fixed interest rate of 1.79%

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

View details on bank page

Home Finance for Expats

minimum salary

Minimum Salary

AED 20K

flat rate

Flat Rate

1.79%

reducing rate

Reducing Rate

3.29%

loan amount

Loan Amount

AED 10000K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

0.8%

down payment

Down Payment

25%

repayment

Repayments Up To

25 Years

minimum salary

AED 20K

Minimum Salary

flat rate

1.79%

Flat Rate

reducing rate

3.29%

Reducing Rate

loan amount

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

Features

  • Follows both conventional and Islamic banking principles
  • Both self-employed and salaried expats are eligible
  • Home Finance is provided at a fixed interest rate of 1.79%

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

View details on bank page

Frequently Asked Questions

Q. What is the minimum income required for a self-employed applicant?

A. For the self-employed, the minimum income required to be eligible for UAB home loan is AED 50,000(pm).

Q. Can I refinance my property?

A. Yes. United Arab Bank provides property refinancing facility.

Q. Can I get finance for properties under-construction?

A. No. United Arab Bank provides finance for completed properties only.

Q. For how long the interest rates charged will be on fixed rate basis?

A. On the UAB home loan, the interest rates will be charged on a fixed rate basis for 3 years.

Q. Are there any charges for property valuation?

A. Yes, property valuation fees up to AED 3000 will be charged.

Q. What are the charges for takaful insurance?

A. 0.4%(pa) of the loan amount is charged for life takaful insurance.

Q. What are the charges for property insurance?

A. 0.06%(pa) of the property value is charged as property insurance.

About 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

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