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Home Loan Provided By CBD
Features of CBD Home Loan
- Low Interest rates starting from 2.99%
- 0% processing fees on Buyouts
- High Loan amounts up to AED 15 MM with tenure up to 25 years
- Flexibility to repay up to 15% of your Outstanding every year without any additional charges or fees
- Experienced & dedicated staff
Financing available for :
- Salaried
- Self-employed
- Non-resident customers
Eligibility Criteria of CBD Home Loan
If you are a salaried individual (UAE Nationals and Expatriates):
- Aged between 21 and 65 years (at loan maturity)
- Minimum monthly income of AED 12,000
- Minimum length of service of 6 months
If you are self-employed (UAE Nationals and Expatriates):
- Aged between 21 and 70 years (at loan maturity)
- Minimum monthly income of AED 20,000
- Minimum length of 3 years in business
Documents Required of CBD Home Loan
If you are a salaried individual:
- Application form, consent letter & authorization letter for Bureau check.
- National ID or valid passport, residence visa and Emirates ID.
- Original 3 months bank statement for new customers.
- Salary Certificate
If you are self-employed:
- Application form
- Authorization letter for lending and consent letter for Bureau check
- Copy of Trade License
- Chamber of Commerce Registration
- Memorandum and Articles of Association.
- Original 12 months company and personal bank statements for new customers.
*Note: The bank may ask for more documents if it sees necessary.
CBD Home Loan Interest rates
3 CBD Bank Home Loans
Ijarah Home Lease for UAE Nationals
Features
- For salaried people between 21 and 65 years of age are eligible to apply for this scheme
- For self-employed people between 21 and 70 years of age(at loan maturity) are eligible to apply for this scheme
- For the salaried individual minimum length of service of 6 months is required and for self-employed individual minimum work experience of 3 years in business
Features
- For salaried people between 21 and 65 years of age are eligible to apply for this scheme
- For self-employed people between 21 and 70 years of age(at loan maturity) are eligible to apply for this scheme
- For the salaried individual minimum length of service of 6 months is required and for self-employed individual minimum work experience of 3 years in business
- For salaried individuals 3 months bank statement is required and for self-employed individuals, original 12 months company and personal bank statement is required to be submitted
- Minimum salary of AED 20,000 is required
- Provides financing at an interest rate of 3.99%
- The reduction rate and the flat rate is 3.99% and 2.2%. This denotes that the computation done was a division of the reduction rate by 1.813.
- Finance up to AED 15,000,000
- Required to put 20% down payment for this finance
- Early settlement fee is 1% of the outstanding loan amount
Benefits
- Refinance your ready property to get easy access to liquidity
- Can invest in under construction property
- You get repayment period up to 25 years
- You get to repay up to 15% of your Outstanding loan every year without paying any additional charges or fees
- You get dedicated Staff to assist you further
- 0% processing fee on Buyouts
Mortgage Loans for UAE Nationals
Features
- Only UAE nationals can apply for this loan
- Minimum age of 21 years is required
- For the salaried individual minimum length of service of 6 months is required and for the self-employed individual Minimum length of 3 years in business
Features
- Only UAE nationals can apply for this loan
- Minimum age of 21 years is required
- For the salaried individual minimum length of service of 6 months is required and for the self-employed individual Minimum length of 3 years in business
- For salaried individuals 3 months bank statement is required and for self-employed individuals, original 12 months company and personal bank statement is required to be submitted
- Minimum salary of AED 20,000 is required
- Finance is provided at an interest rate of 3.99%
- The reduction rate and the flat rate is 3.99% and 2.2%. This denotes that the computation done was a division of the reduction rate by 1.813.
- Finance up to AED 15,000,000
- Mortgage amount of up to 80% of the property value
- Required to put 20% down payment for this finance
Benefits
- Finance repayment period of up to 25 years for UAE Nationals
- High loan amounts
- Low-Interest rates
- There is no processing fee for Buyouts
- Repayment period is up to 25 years
- You get to repay up to 15% of your Outstanding loan every year without paying any additional charges or fees
- You get dedicated Staff to assist you further
Mortgage Loans for Expats
Features
- Ready Villas or apartments registrable with Lands department
- Age limit to apply for the loan for UAE Nationals between 21 and 65 years of age (at the time of loan maturity) and for Expats between 21 and 60 years of age (at the time of loan maturity)
- For the salaried individual minimum length of service of 6 months is required and for the self-employed individual Minimum length of 3 years in business
Features
- Ready Villas or apartments registrable with Lands department
- Age limit to apply for the loan for UAE Nationals between 21 and 65 years of age (at the time of loan maturity) and for Expats between 21 and 60 years of age (at the time of loan maturity)
- For the salaried individual minimum length of service of 6 months is required and for the self-employed individual Minimum length of 3 years in business
- For salaried individuals 3 months bank statement is required and for self-employed individuals, original 12 months company and personal bank statement is required to be submitted
- Minimum salary of AED 20,000 is required
- The mortgage loan is provided at an interest rate of 3.99%
- The reduction rate is 3.99%
- It is not mandatory to transfer your salary
- It is mandatory to have Life and Property Insurance before applying for this finance
- Finance up to AED 10,000,000
- Required to put 25% down payment for this finance
- The early settlement fee is 1% of the outstanding amount to date
- The reduction rate and the flat rate is 3.99% and 2.2%. This denotes that the computation done was a division of the reduction rate by 1.813.
Benefits
- Loan available to both salaried and self-employed individuals
- Finance for ready villas and apartments
- Finance repayment period of up to 20 years for expats
- Deferment facility - Max 2 times a year without any additional profit
- Competitive profit rates
- 0% processing fees on buyouts
- Release cash against your fully paid property.
Frequently Asked Questions
⭐ What is the processing fee charged on the buyout loans?
A. On availing home finance buyout loan at CBD, there is no processing fee charged.
⭐ Can I avail partial payment facility?
A. Yes. CBD mortgage loan buyers can get partial payment facility and clear up to 15% of the loan amount per annum without any charges.
⭐ Are non-residents of UAE eligible for the home finance?
A. Yes. Non-residents are also eligible to purchase a property in the UAE by getting finance from CBD mortgage loans.
⭐ Can I get finance to purchase a property that is under construction?
A. Yes. CBD mortgage loan can be availed to purchase an under-construction property as well.
⭐ Can I get finance to purchase lands or plot?
A. Yes. CBD mortgage loan can be availed to purchase lands or plots as well.
⭐ What should be the minimum length of business to be eligible for home finance?
A. For self-employed individuals to avail CBD mortgage loan, the business must be working for 3 years at least.
About CBD
Commercial Bank of Dubai (CBD) offers a wide range of retail and commercial banking products and services, in both conventional and Shariah-compliant formats, with a network of 26 branches and over 210 ATMs throughout the UAE. The bank endeavors to build sustainable prosperity through extraordinary banking experiences. CBD commits to:
- Authenticity
- Simplicity
- Partnership
- Innovation
- Responsibility
- Excellence
Get in touch with CBD Bank Customer Care