Home Loan in UAE

What is a Home Loan in UAE? 

A home or house loan in the UAE makes the process of home-owning smooth and hassle-free. As the name suggests, this type of loan lets you purchase a property without paying the whole price up front. Rather, you can repay the borrowed amount in the form of EMIs or instalments to the lender over a specified period. 

While applying for this type of loan, you need to meet a few conditions related to income, credit Score, documents, down payment, and more. On the basis of your details, the concerned bank or financial institution reviews your application. The available loan option can be based on either a fixed or variable interest rate, which varies from lender to lender.

Note: The purchased property usually works as collateral itself. 

Key Features and Benefits of Mortgage Loans 

Here are some benefits that you can enjoy with a home loan —

Fulfil Your Dream of Being a Homeowner

Saving up the full amount for a house can take forever. Your desire for homeownership may remain just that — a dream. 

With this loan, however, you can own your dream house without exhausting your savings! 

Low Interest Rates

Banks in the UAE offer mortgages at competitive interest rates, which keeps your payments affordable. Simply put, you won’t end up paying a lot extra on top of your loan. 

High Finance Amounts

You can borrow up to 85% of the property’s value — you don’t need a huge amount saved up to get started. This makes buying a home much more accessible.

Flexible Repayment Options

Whether you want a shorter repayment period or lower monthly payments, most lenders give you the flexibility to choose a plan that fits your budget and lifestyle. In the UAE, you can enjoy repayment tenures of up to 25 years. 

Bonus: Build Credit Score!

When you make timely mortgage loan repayments, you also end up improving your credit score! This, in turn, improves your creditworthiness and opens the door for better financing options in the future. 

Types of Home Loans in UAE

Here is an overview of the major types of home loans in UAE — 

Fixed-Rate Home Loan 

As the name suggests, this type of loan comes with an interest rate that remains the same for a certain period. Your monthly EMIs won’t change, which gives you predictability and helps you plan a budget accordingly. 

Variable Rate House Loan 

Here, the interest rate can change over time based on market conditions. Typically, it is linked to the Emirates Interbank Offered Rate (EIBOR), which can increase or decrease your monthly payment. 

Islamic Home Finance 

This finance option is based on Sharia principles. Unlike conventional house loans, these mortgages avoid interest and use structures like Murabaha or Ijarah. This means no interest is charged — the bank buys the property and sells it to you at a profit or leases it to you.

Eligibility Criteria to Apply for a Home Loan 

You need to tick all the eligibility requirements while applying for a home loan in UAE —

Eligibility	Criteria
Age	At least 21 years old
Minimum Monthly Income	AED 5,000
Nationality	Both UAE nationals and expats can apply
Employment Status	Salaried and self-employed individuals

✍️Note: These are the basic eligibility criteria — actual requirements may vary as per the bank. 

Documents Required to Apply for a Home Loan 

Here are the documents required for a house loan for salaried and self-employed individuals —

Documents	Salaried Applicants	Self-Employed Applicants
Emirates ID	✅	✅
Passport	✅	✅
Salary Certificate	✅	❌
Bank Statement of 3-6 Months	✅	✅
Trade Licence	❌	✅
Residence Visa (if applicable)	✅	✅
Property Ownership Documents	✅	✅
Audited Financial statements	❌	✅
Memorandum of Association	❌	✅

✍️Note

• Make sure to provide valid documents while submitting your application 
• Mentioned above are the basic documents — you may be required to submit some additional ones, if requested by the bank

Get the Best Home Loan from the Top UAE's Banks

The Best Home Loan in UAE — Top Banks and Features 

Here are the top banks in UAE that offer home loans at competitive rates and with unparalleled privileges —

Banks	Key Features	Max. Finance Amount	Apply
NBQ	Attractive interest rates  85% loan to value (nationals) and 80% (expatriates) Salary transfer optional	AED 8,000,000	Apply Now
FAB (First Abu Dhabi Bank)	Competitive profit rates Flexible repayment period of up to 25 years Shariah-compliant financing available	AED 20,000,000	Apply Now
Emirates NBD	Available at fixed and reducing rates Flexible period  Available for both nationals and expats	For UAE nationals — AED 5,000,000 For expats — AED 3,000,000	Apply Now
Emirates Islamic	Flexible repayment terms Shariah-compliant finance solution Life Takaful at affordable rates	AED 15,000,000	Apply Now
Commercial Bank of Dubai (CBD)	Loan facility for salaried and self-employed 0% processing fees on Buyouts Flexibility to repay up to 15% of the outstanding balance yearly without any fees	AED 20,000,000	Apply Now
RAKBANK	Competitive interest rates No fees for In Principle Approval (IPA) Caters to both salaried and self-employed applicants	AED 13,000,000	Apply Now
Standard Chartered	Both conventional and Islamic (Saadiq) financing options available Quick approvals Easy repayment option	AED 18,000,000	Apply Now
HSBC	Competitive interest rates  Flexible repayment options For both UAE nationals and expatriates	AED 20,000,000	Apply Now
ADIB	Shariah-compliant finance solutions No fees for early settlement (when you sell the property) Low profit rates starting from 3.99%	AED 20,000,000	Apply Now
ADCB	Home loan with fixed and reducing interest rates Interest rates starting from 3.99% per annum High finance amount	AED 20,000,000	Apply Now
NBF (National Bank of Fujairah)	Financing up to 80% of the property's value Loan repayment period of up to 25 years Competitive interest rates	AED 20,000,000	Apply Now
Sharjah Islamic Bank	Hassle-free loan application process Attractive interest rate  Financing based on Shariah principles	AED 8,000,000	Apply Now
United Arab Bank	Loan repayment of up to 25 years  Attractive interest rates  Loan of up to 80% of the property value	N/A	Apply Now
Arab Bank	Up to 75% of the property value Competitive interest rate Loan buyout available	AED 5,500,000	Apply Now
Ajman Bank	Financing of up to 85% for UAE nationals and 75% for resident expatriates Free Life Takaful  Easy repayment terms	AED 15,000,000	Apply Now
Samba	Available for UAE nationals and expats Attractive interest rates No salary transfer required	N/A	Apply Now
DIB (Dubai Islamic Bank)	Various types of home finance options Shariah-compliant home finance  Flexible tenure	AED 50,000,000	Apply Now
CBI	No buyout processing fees for re-mortgage finance Instalment deferment for up to 90 days Free property insurance	AED 15,000,000	Apply Now

How to Calculate Home Loan EMI? 

Calculating your EMI can be complicated, but it doesn’t have to be! With a home loan calculator, you can easily find out your monthly installments in just a few clicks.

The process is fairly easy — enter the loan amount, interest rate, and the loan period (in months or years). This will instantly show your monthly EMI, helping you make better financial decisions. You can also try different combinations to see what works best for your budget. For instance, you can check how a longer tenure or a smaller loan amount affects your EMI. 

This online calculator saves time, avoids manual errors, and gives you a clear picture of your future payments. Whether you're buying your first home or looking to refinance, use this tool to make smart, stress-free decisions

How to Find the Right Home Loan in UAE in 2025? 

You can easily apply for a mortgage loan in 2025 by taking note of a few key aspects — 

Understand Your Finances 

Get a clear picture of your financial situation when applying for a loan. Look at your income, budget, and other liabilities. This will give you a clear idea of how much loan amount you can get and how to compare your options based on interest rates, loan tenure, and more.

Check Your Eligibility 

Before going ahead, check whether you are eligible for a home loan. Banks in the UAE have certain eligibility criteria — income, credit score, age, and more. As these criteria usually differ as per the bank, make sure that you tick all the checklists before applying. 

Compare Banks and Interest Rates

Don’t just settle for the first option that you see! With a large number of banks offering a range of mortgage loan options in the UAE, it’s wise to compare options from different banks before committing to one. 

You can simplify this process with Paisabazaar.ae, where the best loans from the leading banks are available under one roof! 

Know How Much You Can Borrow

In the UAE, expats can usually borrow up to 80% of the property value (for homes under AED 5 million or equal). On the other hand, nationals can borrow more — usually up to 85% of the property’s value.

Choose the Right Loan Tenure 

Mortgage tenures in the UAE go up to 25 years, but picking the right one is key. Shorter terms mean higher EMIs but lower interest paid over the years. Conversely, longer terms ease your monthly load but cost more in the long run. 

You can choose based on what suits your present and future needs.

Quick Tips for First-Time Homebuyers in the UAE

As a first-time home buyer, you might encounter different challenges in terms of purchasing and getting a loan. With these tips, however, you can make the process easier —

✨Research the market and evaluate the latest housing market trends

✨Get pre-approved for a mortgage loan

✨Check your credit score and try to keep a good score — ideally around 750 or more

✨Consider your finances and look for a property accordingly 

✨Explore different options by comparing multiple quotes from lenders

Home Loan in UAE for Expats and Residents — Things to Keep in Mind

As mentioned earlier, you can easily get a home loan in UAE — whether you are a national or an expat. However, you can also find a few differences in terms based on nationality —

✍️Note: Your chosen bank or financial institution might have different requirements for UAE nationals and residents. 

Why Should You Choose Paisabazaar.ae for a Home Loan? 

Paisabazaar.ae is the ultimate platform for all your loan requirements. With us, you can compare different home loan options from the top banks and choose the best one in just a few clicks! 

Here’s what you get when you apply for a mortgage loan through our platform —

⭐Seamless application process 

⭐Expert assistance 

⭐Attractive interest rates

⭐Customer service team available to resolve all your queries 

Steps to Apply for a Home Loan in the UAE

With Paisbazaar.ae, you can easily apply for a house loan —

• On the homepage, select ‘Home loans’ 
• Enter the required details in the lead form
• Get to the mortgage loan quotes page and explore the options from the top providers 
• Apply for the most suitable one and proceed

It’s done! We will review your application and get in touch with you shortly for further steps. 

FAQ's about Mortgage Loan in Dubai