BEST OFFERS
Employed Resident 3.78% | Self Employed Resident 3.99%
TODAY'S CURRENT EIBOR
On |
3.462230
One Week |
3.620180
One Month |
3.724930
Three Months |
3.712990
Six Months |
3.808690
TWELVE MONTHS |
4.011170
BEST OFFERS
Employed Resident 3.78% | Self Employed Resident 3.99%
TODAY'S CURRENT EIBOR
On |
3.462230
One Week |
3.620180
One Month |
3.724930
Three Months |
3.712990
Six Months |
3.808690
TWELVE MONTHS |
4.011170
Credit Underwriting
Credit underwriting is the process where the bank reviews the applicant’s profile to decide whether to approve the loan, reject it, or approve it with certain conditions. During credit underwriting, the bank will assess the applicant’s income, employment stability, existing liabilities, credit history, AECB Credit Report etc.
The underwriting team of the bank checks whether the application meets the bank’s internal policy and the UAE Central Bank’s mortgage regulations, including the Debt Burden Ratio (DBR) limit, which is generally capped at 50%. In simple terms, credit underwriting is the bank’s risk assessment stage.
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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