BEST OFFERS
Employed Resident 3.78% | Self Employed Resident 4.10%
TODAY'S CURRENT EIBOR
On |
3.464480
One Week |
3.784850
One Month |
3.800220
Three Months |
3.941670
Six Months |
3.970000
TWELVE MONTHS |
4.273090
BEST OFFERS
Employed Resident 3.78% | Self Employed Resident 4.10%
TODAY'S CURRENT EIBOR
On |
3.464480
One Week |
3.784850
One Month |
3.800220
Three Months |
3.941670
Six Months |
3.970000
TWELVE MONTHS |
4.273090
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
4.10%
Fixed for 3 years
Thereafter
2% + 3M EIBOR with a minimum floor rate of 2.99%
Property Insurance - 0.035% p.a.
Life Insurance - 0.0159% 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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