BEST OFFERS
Employed Resident 3.78% | Self Employed Resident 3.99%
TODAY'S CURRENT EIBOR
On |
3.355620
One Week |
3.649820
One Month |
3.698870
Three Months |
3.719840
Six Months |
3.705170
TWELVE MONTHS |
3.983430
BEST OFFERS
Employed Resident 3.78% | Self Employed Resident 3.99%
TODAY'S CURRENT EIBOR
On |
3.355620
One Week |
3.649820
One Month |
3.698870
Three Months |
3.719840
Six Months |
3.705170
TWELVE MONTHS |
3.983430
Advance Rental Payment
Banks refer to the processing fee as “Advance Rental Payment”. In Islamic finance, a bank cannot levy a fee purely for processing a loan, and hence that fee would have no asset-based or service-based Sharia justification. By structuring it instead as an advance payment of rent, the charge is brought within the framework of the contract.
Best Mortgage Rates in UAE
Updated Daily
Employed Resident
3.78%
Fixed for 2 years
Thereafter
1.89% + 6M EIBOR with a minimum floor rate of 3.24%
Property Insurance - 0.06% p.a.
Life Insurance - 0.035% p.m
Employed Non Resident
4.19%
Fixed for 3 years
Thereafter
1.99% + 3M EIBOR with a minimum floor rate of 2.24%
Property Insurance - 0.05% p.a.
Life Insurance - 0.0102% p.m
Self Employed Resident
3.99%
Fixed for 2 years
Thereafter
1.29% + 3M EIBOR
Property Insurance - 0.035% p.a.
Life Insurance - 0% p.m
Self Employed Non Resident
4.19%
Fixed for 3 years
Thereafter
1.99% + 3M EIBOR with a minimum floor rate of 2.24%
Property Insurance - 0.05% p.a.
Life Insurance - 0.0102% p.m
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