# United Arab Bank Home Finance **Original Url:** https://www.paisabazaar.ae/mortgage-loan/united-arab-bank-home-finance/ Best Home Finance to buy your dream home Purchasing a home requires substantial funding, which can deplete your savings quickly. Instead, you can look into alternative options like United Arab Bank home finance for this purpose. Table of Content * [United Arab Bank Home Finance in UAE – Overview](#united-arab-bank-home-finance-in-uae-–-overview) * [Features and Benefits of United Arab Bank Home Finance in UAE](#features-and-benefits-of-united-arab-bank-home-finance-in-uae) * [Documents Required to Obtain a UAB Home Finance In UAE](#documents-required-to-obtain-a-uab home-finance-in-uae) * [Eligibility Criteria for United Arab Bank Home Finance in UAE](#eligibility-criteria-for united-arab-bank-home-finance-in-uae) * [Steps to Apply for a United Arab Bank Home Finance](#steps-to-apply-for-a-united-arab-bank-home-finance) * [Reasons to Choose United Arab Bank Home Finance](#reasons-to-choose-united-arab-bank-home-finance) * [FAQs](#faqs) ## United Arab Bank Home Finance in UAE – Overview United Arab Bank is one of the oldest financial institutions in this region, offering a host of financial products. The home loan offered by the bank is the same as any other credit facility extended by other financial institutions for the purpose of purchasing a property. Here, you will get the funds depending on a property’s market value and then make repayments depending on the loan terms. ## Features and Benefits of United Arab Bank Home Finance in UAE A United Arab Bank home loan in UAE extends a host of benefits to borrowers. Find about them below: 1. **Flexible Repayment Tenure-** With UAB, you can choose to repay your loan amount within a tenure of 25 years. Choose a repayment tenure as per your capacity and serve an affordable loan term. 2. **High Loan-To-Value-** United Arab Bank offers a massive LTV of up to 80%. This means that you can receive funding of up to 80% of your property’s value. 3. **Financing for Private Villa-** You can also obtain private villa financing from this bank if you are a UAE national. This attractive option can help you set up your dream home. 4. **Competitive Interest Rates-** United Arab Bank provides mortgage loans for expats and UAE nationals at competitive interest rates. This will ensure that you do not have to experience an overburdened repayment tenure. 5. **Islamic and Conventional Loan Options-** With UAB, you can choose between conventional or Islamic loan options. The latter includes a profit rate instead of an interest rate. The profit rate keeps decreasing as you repay the loan amount. ## Documents Required to Obtain a UAB Home Finance In UAE While applying for a UAB mortgage loan, banks require you to submit a few crucial documents to verify your personal and financial standing. These documents are one of the deciding factors behind your loan application approval. Thus, ensure to keep them handy beforehand. **That said, here are the documents that United Arab Bank might ask you to submit:** * Copy of your passport * A copy of your Emirates ID (only for UAE nationals) * A copy of the residence visa (only for resident expats) * Your trade licence copy (only for self-employed individuals) * SPA or MoU of the property you wish to purchase * Title Deed copy * Salary certificate from your organisation (only for salaried individuals) * Bank account statements for the previous 6 months **Note:**that the bank may ask for additional documents if needed. You can contact UAB for further clarifications regarding documents. ## Eligibility Criteria for United Arab Bank Home Finance in UAE Before you proceed with the loan application and submit the above-mentioned documents, it is necessary that you meet the eligibility parameters set by the bank. Meeting these criteria will facilitate your loan application approval process and help you conveniently obtain a [home loan in UAE](https://www.paisabazaar.ae/mortgage-loan/). Mentioned below is a tabular format representing the eligibility criteria set aside by UAB: | Particulars | Requirements | | --- | --- | | Employment type | Both salaried and self-employed | | Nationality | UAE nationals and expats | | Income for UAE nationals | AED 15,000 | | Income for expats | AED 20,000 | | Income for self-employed individuals | AED 50,000 | ## Steps to Apply for a United Arab Bank Home Finance With the advent of technology, applying for loans has become easier than ever. You can now simply avail your needed credit within a few seconds.  That said, United Arab Bank extends a dedicated online portal through which you can apply for a housing loan conveniently. You simply need to follow these steps: * **Step 1:**Visit the official website of the United Arab Bank * **Step 2:**Click on ‘Loans’ and then navigate to ‘Home Loan’ * **Step 3:**Scroll through the page and click on ‘Apply Now’ * **Step 4:**In the next step, you have to enter a few basic details about yourself, such as your name, email address, mobile number, monthly income and more * **Step 5:**Complete the CAPTCHA and click on ‘Submit’ After following these steps, the bank’s representative will contact you regarding further steps. You can also apply for a UAB home loan through Paisabazaar UAE website. Here, you will get a chance to compare multiple loan offers from different lenders and then choose one. ## Reasons to Choose United Arab Bank Home Finance United Arab Bank extends various benefits to prospective borrowers. Here are a few reasons for you to choose this bank for your housing loan needs: * Affordable home loans with a tenure of 25 years * Options for conventional and Islamic banking * The facility of refinance for unencumbered property * Competitive interest rates * Private villa finance for UAE nationals A UAB home loan helps you set up the house of your dreams. Start your application now and plan your finances by using an online EMI calculator. ## FAQs ### What is the interest rate? UAB offers home loans starting from an interest rate of as low as 3.69% per annum. ### What is a home loan EMI calculator? A home loan EMI calculator helps you calculate your monthly expenses towards home loan EMI payments. ### Can I get a home loan with a low credit score? You may avail of a home loan with a low credit score. However, in this case, the rate of interest would be higher. ### How much loan amount can I get? The loan amount you can get depends on various factors, such as your monthly income, debt-to-income ratio, credit score and more. ### How can I increase my credit score? You can increase your credit score gradually by making timely EMI payments, not taking too many credits at the same time and maintaining a mixed credit profile.        **You May Also Know**: [Home Loan Eligibility](https://www.paisabazaar.ae/mortgage-loan/articles/home-loan-eligibility-in-uae/) |  [Home Loan Interest Rate In Dubai For Expats](https://www.paisabazaar.ae/mortgage-loan/home-loan-for-expats/) | [DIB Mortgage Rates](https://www.paisabazaar.ae/mortgage-loan/dubai-islamic-bank-home-loan/) | [ADIB Home Loan](https://www.paisabazaar.ae/mortgage-loan/adib-home-finance/) |  [House Loan Pre Approval In UAE](https://www.paisabazaar.ae/mortgage-loan/articles/home-loan-pre-approval-in-uae/)|  [Mortgage In Dubai For Non Residents](https://www.paisabazaar.ae/mortgage-loan/home-loans-for-non-resident/) |  [DIB Top Up Loan Requirements](https://www.paisabazaar.ae/mortgage-loan/dib-al-islami-home-finance-top-up-cash-against-existing-finance/) | [Under Construction Finance Dubai](https://www.paisabazaar.ae/mortgage-loan/articles/under-construction-home-loans-with-variable-interest-rate/) | [DIB Home Loan Calculator](https://www.paisabazaar.ae/mortgage-loan/articles/dubai-islamic-bank-home-mortgage-loan-calculator/) | [Home Loan Eligibility Calculator UAE](https://www.paisabazaar.ae/mortgage-loan/articles/home-loan-eligibility-calculator/) | [HSBC Home Finance Buyout](https://www.paisabazaar.ae/mortgage-loan/hsbc-home-finance-buyout/) |  [Home Loan For Off Plan Property Dubai](https://www.paisabazaar.ae/mortgage-loan/dib-al-islami-home-finance-off-plan-financing-for-freehold-properties/) | [Home Loan Balance Transfer](https://www.paisabazaar.ae/mortgage-loan/articles/home-loan-balance-transfer-in-uae/) | [Minimum Salary For Home Loan In Dubai](https://www.paisabazaar.ae/mortgage-loan/articles/home-loans-for-salaried-employees/) | [Mortgage Process In UAE](https://www.paisabazaar.ae/mortgage-loan/articles/complete-guide-to-home-loan-procedure/) | [Dubai Property Registration Fees](https://www.paisabazaar.ae/mortgage-loan/articles/land-registration-charges-in-uae/) ## 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