BEST OFFERS
Employed Resident 3.98% | Self Employed Resident 4.35%
EIBOR RATES TODAY
On |
4.957820
One Week |
5.370120
One Month |
5.411450
Three Months |
5.223320
Six Months |
5.208120
TWELVE MONTHS |
4.994710
BEST OFFERS
Employed Resident 3.98% | Self Employed Resident 4.35%
EIBOR RATES TODAY
On |
4.957820
One Week |
5.370120
One Month |
5.411450
Three Months |
5.223320
Six Months |
5.208120
TWELVE MONTHS |
4.994710
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
3.98%
Fixed for 3 years
Thereafter
1.79% + 3M EIBOR with a minimum floor rate of 1.79%
Property Insurance - 0.04% p.a.
Life Insurance - 0.01167% p.m
For more info
Contact on whatsapp
Employed Non Resident
Best Mortgage Rate
4.35%
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
For more info
Contact on whatsapp
Self Employed Resident
Best Mortgage Rate
4.35%
Fixed for 3 years
Thereafter
1.75% + 3M EIBOR with a minimum floor rate of 1.75%
Property Insurance - 0.03325% p.a.
Life Insurance - 0.03% p.m
For more info
Contact on whatsapp
Self Employed Non Resident
Best Mortgage Rate
4.35%
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
For more info
Contact on whatsapp

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