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
Variable Rate Mortgage
A variable-rate mortgage is a loan where the interest rate of the loan is variable from the start. The value of the variable rate is determined by referencing a benchmark rate. In the UAE, EIBOR is used as a benchmark to determine the variable rate. E.g. Variable rate = 3Month EIBOR rate + 2% mark up. I.e. if the 3Month EIBOR rate is 0.4% then the variable rate will be 2.4%. Usually, the variable rate is determined by referencing the benchmark rate on the day the repayment is calculated.
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31/07/2023
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31/08/2022
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6 Min Read
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Best Mortgage Rates in UAE
Updated Daily
Employed Resident
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
Employed Non Resident
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
Self Employed Resident
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
Self Employed Non Resident
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
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