Mortgage Meaning :
A Mortgage is a Finance Amount given by a bank, Mortgage Lenders or Islamic financial institution for the purpose of purchase of a residential property or a home in UAE
Mortgages in UAE – Compare home loans and Find Best Mortgage offers for you UAE Banks, calculate mortgage installments with our Mortgage Calculator
Top 5 Home Mortgage/ Finance offers :
1. Commercial Bank International Home Mortgage Finance starts at 2.45% p.a.*
2. National Bank of Abu Dhabi is offering Home Mortgage Finance from 2.94% p.a.*
3. Abu Dhabi Islamic Bank Home Finance offers 2.99% p.a.*
4. Dubai Islamic Bank Home Finance offers 3.49%*
Find whats suits you best; Let banks compete for your Home Mortgage finance. Compare All, Choose the best.
Answer : A mortgage can be a convetional loan or islamic finance in which your property is a collateral.
Answer : A mortgage is essentially a loan to help you buy a property. UAE Expat usually need to put down a deposit for at least 25% of the property value in UAE and a mortgage allows you to borrow the rest from a bank or Islamic Finance companies. Borrower then pay back the amout owed along with intrest/profit monthly, generally over a period of 20-25 years.