# UAE National Home Loans with Variable Interest Rate

**Published:** 2024-08-28T10:48:28.835Z
**Updated:** 2026-07-30T16:30:42.617Z
**Author:** Paisabazaar UAE
**Original Url:** https://www.paisabazaar.ae/mortgage-loan/articles/uae-national-home-loans-with-variable-interest-rate/

Best Home Loans to buy your dream home

Mortgage loans allow you to secure the home of your dreams. For UAE nationals, a plethora of products are available. Banks curate multiple products to cater to the needs of each individual. Home loans are generally available with fixed interest rates and variable interest rates. Here we will briefly discuss UAE national home loans with variable interest rates.

Table of Content

*   [Top Banks Providing UAE National Home Loans with Variable Interest Rate](#top-banks-providing-uae-national-home-loans-with-variable-interest-rate)
*   [Key Features and Benefits of UAE National Home Loans](#key-features-and-benefits-of-uae-national-home-loans)
*   [Eligibility Criteria to Apply for a UAE National Home Loan with a Variable Interest Rate](#eligibility-criteria-to-apply-for-a-uae-national-home-loan-with-a-variable-interest-rate)
*   [Documents Required to Apply for a UAE National Home Loan with Variable Interest Rate](#documents-required-to-apply-for-a-uae-national-home-loan-with-variable-interest-rate)
*   [How to Apply for UAE National Home Loan Via Paisabazaar.ae?](#how-to-apply-for-uae-national-home-loan-via-paisabazaarae)

## Top Banks Providing UAE National Home Loans with Variable Interest Rate

Refer to the table below to know the applicable variable interest rate for the top 5 UAE national home loans:

| Bank Name | Home Loan Product  | Interest Rate |
| --- | --- | --- |
| Emirates Islamic | Home Finance | Benchmark Rate (1/ 3/ 6/ 12 months EIBOR) + Margin ranging from 1.74% to 4.25% p.a. |
| RAKBANK | Home in One | Starting from 4.36% reducing rates per annum fixed for 5 years |
| CBD | Mortgage Loan | Starting from 4.29% per annum |
| Standard Chartered | Saadiq Home Finance | Starting from 2.99% per annum |

  

## Key Features and Benefits of UAE National Home Loans

Listed below are the top benefits and features of UAE national loans with variable interest rates:

| Bank Name | Home Loan Product  | Key Features/ Benefits |
| --- | --- | --- |
| Emirates Islamic | Home Finance- Manzili | Low applicable rate in Life Takaful.<br>Hassle-free documentation and instant approvals.<br>Attractive profit rates linked with EIBOR. |
| RAKBANK | Home in One | Easy withdrawal of the available balance.<br>A low-cost mortgage with zero in-principle approval fee.<br>Competitive interest rates. |
| CBD | Mortgage Loan | No processing fees on buyouts.<br>Financing is available for both self-employed individuals and salaried employees.<br>Conveniently repay up to 15% of the outstanding once every year without incurring additional charges.<br>Availability of a flexible tenure of 25 years for repaying the loan amount. |
| Standard Chartered | Saadiq Home Finance | Zero charges are applicable for application processing or valuation.<br>Availability of free takaful for life.<br>Fast processing of loan applications.<br>Availability of a flexible loan repayment tenure of 25 years. |

## Eligibility Criteria to Apply for a UAE National Home Loan with a Variable Interest Rate

The common criteria to be eligible for a UAE national home loan are given below:

| Eligibility Criteria | Requirements |
| --- | --- |
| Age | Minimum Age: 21 years old<br>Maximum Age: 65-70 years old |
| Employment Status | Either a salaried employee or a self-employed individual |
| Credit Score | Varies from bank to bank |

  

## Documents Required to Apply for a UAE National Home Loan with Variable Interest Rate

Home loan applicants must submit the following set of documents for verification purposes:

### For Salaried Individuals

*   Valid Emirates ID
*   Valid passport
*   Valid residence visa (applicable to expatriates)
*   Valid address proof (such as a utility bill)
*   Latest 3-6 months’ bank statements
*   Salary certificate

### For Self-Employed Individuals

*   Valid Emirates ID
*   Valid passport
*   Valid residence visa (applicable to expatriates)
*   Valid address proof (such as a utility bill)
*   Latest 3-6 months’ bank statements
*   Valid Trade Licence

### Co-Borrowers (If Any)

*   Original passport
*   Original Emirates ID
*   Valid income documents
*   Latest 6 months’ pay slips
*   Latest 6 months’ bank statements
*   Valid Trade Licence and MOA (If the co-borrower is a company owner)

**Note:** The bank may or may not require you to submit other additional documents.

  

## How to Apply for UAE National Home Loan Via Paisabazaar.ae?

Follow the steps mentioned below to apply for a UAE national mortgage loan in UAE:

*   Visit www.paisabazaar.ae.
*   Select ‘Home Loans’ from the ‘Banking Products’ drop-down.
*   Fill out the lead form with the accurate details.
*   Submit the form and get directed to the quotes page.
*   Go through the list of variable interest rate mortgage loans.
*   Select the suitable product and complete filling out the application form.
*   Upon the application submission, one of our officials will get in touch with you.

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