Mortgage buyout offer
Lower your mortgage rate by switching banks. We do the work.
Your bank gets the first chance. We only switch you if it pays.
Move your home loan to a bank with a better rate. FCMB arranges a free pre-approval, guides you to ask your current bank for a counter offer, and handles the switch if it pays, so you only sign.
Buyout rates from
3.99%
fixed for 3 years
Early settlement fee refund up to AED 10,000 (excl. VAT)
Valuation fee refund up to AED 3,000 (excl. VAT)
On selected offers, where eligible.
From leading UAE banks. The rate you get depends on your profile, salary transfer and bank approval.
The buyout offer
1
Rates from 3.99% fixed
Buyout rates from leading UAE banks, matched to your profile.
2
Switching costs covered
Early settlement fee refunded up to AED 10,000 (excl. VAT) and valuation fee refunded up to AED 3,000 (excl. VAT) on completion, plus zero processing fee on pure buyouts, on selected offers, where eligible.
3
Free savings check
No obligation. We compare your current rate with the best buyout rate you qualify for.
4
Release equity too
Borrow against your property's extra value in the same transaction as the buyout.
How much could you save?
Enter your current mortgage details to compare them with our lowest buyout rate of 3.99%.
- Current monthly payment (4.99%)
- AED 9,891
- New monthly payment (3.99%)
- AED 9,082
- Monthly saving
- AED 809
- Total saving over the fixed period (3 years)
- AED 29,133
- Total saving over the remaining term (20 years)*
- AED 194,220
Switching costs
See cost breakdown ▾Hide cost breakdown ▴
Our estimates. Edit any figure; clear it to go back to our estimate.
- Total switching costs
- AED 10,750
- Net saving over the fixed period after costs
- AED 18,383
Your switch pays for itself in month 14.
Estimate only. The rate shown is the lowest available buyout rate and depends on your profile, salary transfer and bank approval. *The remaining term figure assumes the same rate for the whole term; after the fixed period the bank's variable rate applies. Monthly and total savings exclude switching costs; the net saving includes them.
It is not just the monthly saving
At a lower rate, more of every payment goes to your loan instead of interest. You build equity faster, even when the monthly saving looks small.
Your first monthly payment
Current rate 4.99% · AED 9,891 a month
Interest AED 6,238 Principal AED 3,654
New rate 3.99% · AED 9,082 a month
Interest AED 4,988 Principal AED 4,094
| Current 4.99% | New 3.99% | |
|---|---|---|
| First month: interest | AED 6,238 | AED 4,988 |
| First month: principal | AED 3,654 | AED 4,094 |
| Principal repaid in year 1 | AED 44,859 | AED 50,040 |
| Principal repaid over the fixed period (3 years) | AED 141,566 | AED 156,304 |
| Interest paid over the fixed period (3 years) | AED 214,512 | AED 170,641 |
Your real benefit over the fixed period (3 years): AED 43,871 (AED 29,133 lower payments + AED 14,738 extra equity)
Keep paying your current amount at the new rate and you could clear your mortgage 2 years 4 months early, subject to the bank's partial payment terms.
Assumes the same rate for the comparison period. After the fixed period the bank's variable rate applies.
Your bank gets the first chance
For every buyout client, we arrange a free pre-approval first. Unless the saving from switching is substantial, we then guide you to ask your current bank for a counter offer, with the new offer as your benchmark. If your bank does not match it, we handle the switch. Either way, you end up on the better rate.
Get your free savings check
Send us your details and an advisor will come back to you with your exact savings. No obligation. A mortgage buyout usually takes 2 to 4 weeks, depending on the bank, your documents and the complexity of the case.
Mortgage buyout FAQs
How much can I save with a mortgage buyout?
It depends on your balance, current rate and remaining term. For example, on AED 1,500,000 over 20 years, moving from 4.99% to 3.99% lowers the monthly payment by about AED 809. Use the savings calculator on this page for your own estimate.
Do I get the early settlement and valuation fees back?
On selected offers, yes, where eligible. The early settlement fee is refunded up to AED 10,000 (excl. VAT) and the valuation fee up to AED 3,000 (excl. VAT), paid after the buyout completes.
Can I ask my current bank to lower my rate first?
Yes, and we recommend it unless the saving from switching is substantial. We arrange a free pre-approval from a new bank, then guide you on how to ask your current bank for a counter offer. As their existing customer, the request has to come from you. If your bank does not match it, we handle the switch.
Is there a deadline for this offer?
No. The buyout offer is ongoing. The rate is reviewed monthly, so check this page or ask us for today's best rate.
Useful tools
EIBOR rate today
Check the benchmark behind variable mortgage rates.
Mortgage calculator
Work out monthly repayments and upfront costs.
Mortgage buyout guide
Process, full costs, refunds and equity release.
Want the full details? Read our mortgage buyout guide.
