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Home Loan Provided By Emirates NBD
Features of Emirates NBD Home Loan
- Loan amount upto 70 times salary (Maximum up to AED 15 million)
- Financing up to 75% of the property value
- Long repayment tenures up to 25 years
- Pre - Approval facility
- Available for salaried & self-employed individuals
Documents Required of Emirates NBD Home Loan
- Original Emirates ID and Emirates ID copy (For UAE Nationals)
- Valid Passport Copy with valid Resident Visa page (Old Passport copy if Visa is stamped on old Passport) (For residents)
Salaried Individuals:
- Latest Salary certificate addressed to Emirates NBD
- Latest Pay slips (in case of more than 10% variance in Salary)
- Previous employment proof if less than 3 years
- Latest 6 Months Bank statement
Self-Employed Individuals
- Valid Trade License copy
- Plus MOA (Memorandum of Association) including all amendments
- Latest 6 Months Bank statement
- Latest 2 years audited financial
Co-Borrower’s Documents (If Any)
- Co-borrower's valid Passport and visa page
- Income documents (if applicable)
- If Co-borrower is a company, then MOA & TL to be obtained. Passport Copy of partners also to be obtained
Note: Additional documents may be required at the Bank's sole discretion. Bank may ask for more documentation if it sees necessary.
Emirates NBD Home Loan Interest rates
4 Emirates NBD Bank Home Loans
Home Loan for UAE National
Features
- Approval In principle is provided
- Home Finance is provided at a fixed interest rate of 2.2%
- Minimum salary of AED 10000 is required
Features
- Approval In principle is provided
- Minimum salary of AED 10000 is required
- Home Finance is provided at a fixed interest rate of 2.2%
- Home Finance is provided on a reducing interest rate of 3.99%
- Salary transfer to Emirates NBD account is not required
- The loan is provided for a maximum tenure of 25 years
- Both life insurance and property insurance is mandatory
- 1% of the total loan amount is charged as processing fees
- Maximum loan amount provided is AED 15000000
- 20% of the property value should be paid as the down payment
- 1% of outstanding loan amount is charged on early settlement
Benefits
- High finance is provided
- Low down payment requirement
- Low rates on property insurance and life insurance
- Can know the approved loan amount in prior
- Salary transfer is not mandatory
- Hassle free documentation
Home Loan for Self employed UAE Nationals
Benefits
- High finance is provided
- Self-employed individuals are eligible
- Low down payment requirement
Features
- Minimum salary of AED 20000 is required
- Home Finance is provided at a fixed interest rate of 2.2%
- Home Finance is provided on a reducing interest rate of 3.99%
- You are required to transfer your income to Emirates NBD for this finance.
- The loan is provided for a maximum tenure of 25 years
- Both life insurance and property insurance is mandatory
- 1% of the total loan amount is charged as processing fees
- Maximum loan amount provided is AED 15000000
- 20% of the property value should be paid as the down payment
- 1% of outstanding loan amount is charged on early settlement
Benefits
- High finance is provided
- Self-employed individuals are eligible
- Low down payment requirement
- Low rates on property insurance and life insurance
- Can know the approved loan amount details in prior
- Very quick loan approval
Home Loan for Expats
Features
- Approval In principle is provided
- Home Finance is provided at a fixed interest rate of 2.2%
- Minimum salary of AED 20000 is required
Features
- Approval In principle is provided
- Minimum salary of AED 20000 is required
- Home Finance is provided at a fixed interest rate of 2.2%
- Home Finance is provided on a reducing interest rate of 3.99%
- Salary transfer to Emirates NBD account is not required
- The loan is provided for a maximum tenure of 25 years
- Both life insurance and property insurance is mandatory
- 1% of the total loan amount is charged as processing fees
- Maximum loan amount provided is AED 15000000
- 25% of the property value should be paid as the down payment
- 1% of outstanding loan amount is charged on early settlement
Benefits
- High finance is provided
- Low insurance rates
- Co-applicants need not be salaried individuals
- Quick and hassle free documentation
- Low-profit rates
- Less down payment requirement
- Low additional charges
Home Loan for Self employed Expatriates
Features
- Approval In principle is provided
- Home Finance is provided at a fixed interest rate of 2.2%
- Minimum salary of AED 20000 is required
Features
- Approval In principle is provided
- Minimum salary of AED 20000 is required
- Home Finance is provided at a fixed interest rate of 2.2%
- Home Finance is provided on a reducing interest rate of 3.99%
- Salary transfer to Emirates NBD account is not required
- The loan is provided for a maximum tenure of 25 years
- Both life insurance and property insurance is mandatory
- 1% of the total loan amount is charged as processing fees
- Maximum loan amount provided is AED 15000000
- 25% of the property value should be paid as the down payment
- 1% of outstanding loan amount is charged on early settlement
Benefits
- High finance is provided
- Low insurance rates
- Co-applicants need not be salaried individuals
- Quick and hassle free documentation
- Low-profit rates
- Less down payment requirement
- Low additional charges
Frequently Asked Questions
⭐ What is the maximum loan provided?
A. Emirates NBD provides AED 15 Million as the maximum loan amount.
⭐ Can I get a pre-approval of the loan?
A. Yes. You can get a pre-approval of the home loan at Emirates NBD.
⭐ Is the processing fees charged refundable?
A. No. Emirates NBD charges 1% of the approved loan amount as processing fees and this is non-refundable.
⭐ What will be the EMI paid on the loan?
A. The EMI depends on the finance taken, interest rate, tenure. Homebuyers or homeowners can use the Mortgage Calculator to calculate the EMI.
⭐ Can I add a co-borrower to the loan?
A. Yes. Home loan buyers can add a co-borrower to the loan.
⭐ What will be the documents to be provided by the co-borrower?
A. The co-borrower needs to provide their passport and visa for validation and income proofs if any.
About Emirates NBD
In 2007, Emirates Bank International (EBI) and the National Bank of Dubai (NBD), the second and fourth largest banks in UAE, merged to form the banking champion - Emirates NBD. With more than 200 branches and over 900 ATMs and Cash Deposit Machines (CDMs) across the country and overseas, it is globally recognized as the most valued financial services provider in the Middle East. On November 15, 2016, Emirates NBD took over Emirates Money Consumer Finance LLC, becoming a regional consolidation blueprint for banking and finance sector in the UAE.
Corporate Values of the Emirates NBD are:
- Customer Focus
- Service Excellence
- Innovation
- Passion For Performance
- Integrity
- Teamwork
Get in touch with Emirates NBD Bank Customer Care