BEST OFFERS
Employed Resident 3.94% | Self Employed Resident 3.99%
EIBOR RATES TODAY
On |
4.450600
One Week |
4.595530
One Month |
4.560320
Three Months |
4.562010
Six Months |
4.384720
TWELVE MONTHS |
4.393990
Value Date |
25-11-2024
BEST OFFERS
Employed Resident 3.94% | Self Employed Resident 3.99%
EIBOR RATES TODAY
On |
4.450600
One Week |
4.595530
One Month |
4.560320
Three Months |
4.562010
Six Months |
4.384720
TWELVE MONTHS |
4.393990
Value Date |
25-11-2024
Stress Test Rate
This is the rate used in the stress test conducted by the bank. This is usually 2-4% more than the market rate. The stress test is designed to ascertain
a) The ability of the borrower to repay the loan
b) Protect borrowers from overburdening themselves with too much debt
c) Minimize risk in case interest rates rise in the future.
Best Mortgage Rates in UAE
Updated Daily
Employed Resident
3.94%
Fixed for 3 years
Thereafter
1.5% + 3M EIBOR with a minimum floor rate of 1.99%
Property Insurance - 0.0525% p.a.
Life Insurance - 0.0112% 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 3 years
Thereafter
1.59% + 3M EIBOR with a minimum floor rate of 2.75%
Property Insurance - 0.0483% 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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Knowledge Hub
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