BEST OFFERS
Employed Resident 3.78% | Self Employed Resident 3.99%
TODAY'S CURRENT EIBOR
On |
3.385760
One Week |
3.638150
One Month |
3.693760
Three Months |
3.713360
Six Months |
3.731530
TWELVE MONTHS |
4.120070
BEST OFFERS
Employed Resident 3.78% | Self Employed Resident 3.99%
TODAY'S CURRENT EIBOR
On |
3.385760
One Week |
3.638150
One Month |
3.693760
Three Months |
3.713360
Six Months |
3.731530
TWELVE MONTHS |
4.120070
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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