BEST OFFERS
Employed Resident 3.78% | Self Employed Resident 3.99%
TODAY'S CURRENT EIBOR
On |
3.362500
One Week |
3.629830
One Month |
3.687090
Three Months |
3.793720
Six Months |
3.891350
TWELVE MONTHS |
4.141100
BEST OFFERS
Employed Resident 3.78% | Self Employed Resident 3.99%
TODAY'S CURRENT EIBOR
On |
3.362500
One Week |
3.629830
One Month |
3.687090
Three Months |
3.793720
Six Months |
3.891350
TWELVE MONTHS |
4.141100
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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