BEST OFFERS
Employed Resident 3.78% | Self Employed Resident 4.10%
TODAY'S CURRENT EIBOR
On |
3.709230
One Week |
4.150660
One Month |
4.030400
Three Months |
4.389050
Six Months |
4.589910
TWELVE MONTHS |
5.095350
BEST OFFERS
Employed Resident 3.78% | Self Employed Resident 4.10%
TODAY'S CURRENT EIBOR
On |
3.709230
One Week |
4.150660
One Month |
4.030400
Three Months |
4.389050
Six Months |
4.589910
TWELVE MONTHS |
5.095350
Stress Test Rate
This is the rate used by the bank when assessing a borrower’s mortgage affordability/DBR. Under UAE Central Bank guidelines, mortgages are stress tested at 2 to 4 percentage points above the applicable interest rate, depending on the interest rate environment.
In practice, the calculation varies between banks. Many banks apply around 2 percentage points on top of the fixed rate, while others use the follow-on rate, their own stress rate, or may also include the life insurance rate in the calculation.
The stress rate is used for the bank’s eligibility calculation and is not necessarily the rate the borrower will actually pay on the mortgage.
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
4.10%
Fixed for 3 years
Thereafter
2% + 3M EIBOR with a minimum floor rate of 2.99%
Property Insurance - 0.035% p.a.
Life Insurance - 0.0159% 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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