BEST OFFERS
Employed Resident 4.75% | Self Employed Resident 5.55%
EIBOR RATES TODAY
On |
5.040630
One Week |
5.277800
One Month |
5.355430
Three Months |
5.602640
Six Months |
5.500610
One Year |
5.609330
BEST OFFERS
Employed Resident 4.75% | Self Employed Resident 5.55%
EIBOR RATES TODAY
On |
5.040630
One Week |
5.277800
One Month |
5.355430
Three Months |
5.602640
Six Months |
5.500610
One Year |
5.609330
mortgage calculator

Pre-Approval/Approval In Principal(AIP)

After checking the creditworthiness and ability to pay off a mortgage loan the bank issues this document. It indicates a strong likeliness of the bank to approve the applicant’s mortgage application. Pre-approvals can be obtained without any processing fees and are generally valid for 30-90days.

The pre-approval will clearly state the remaining requirements to be fulfilled to issue the Final Offer Letter (FOL). Once a pre-approval letter is expired the applicant will need to submit updated documents to revalidate the pre-approval, furthermore, there may be associated revalidation fees.

Pre-approval is a valuable tool to plan your home purchase, some sellers may require a pre-approval to sign an MOU if the buyer is seeking financing to buy a property.

Best Mortgage Rates in UAE

Updated Daily

Employed Resident
Best Mortgage Rate
4.75%
Fixed for 3 years
Thereafter
2.25% + 3M EIBOR with a minimum floor rate of 2.25%
Property Insurance - 0.042% p.a.
Life Insurance - 0.0184% p.m
For more info
Contact on whatsapp
Employed Non Resident
Best Mortgage Rate
5.24%
Fixed for 5 years
Thereafter
1.79% + 3M EIBOR with a minimum floor rate of 1.69%
Property Insurance - 0.04% p.a.
Life Insurance - 0.01167% p.m
For more info
Contact on whatsapp
Self Employed Resident
Best Mortgage Rate
5.55%
Fixed for 3 years
Thereafter
1.79% + 3M EIBOR with a minimum floor rate of 4.29%
Property Insurance - 0.04% p.a.
Life Insurance - 0.0116% p.m
For more info
Contact on whatsapp
Self Employed Non Resident
Best Mortgage Rate
5.24%
Fixed for 5 years
Thereafter
1.89% + 3M EIBOR with a minimum floor rate of 1.89%
Property Insurance - 0.04% p.a.
Life Insurance - 0.0116% p.m
For more info
Contact on whatsapp

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