Requirements For a Salaried Applicant
Requirements for Salaried Mortgage Applicants Nationals (Emiratis) at least 6 months in their current job Good credit history is necessary Minimum monthly income considered by many banks starts from AED 15,000 Maximum 50% of income dedicated to repayment Some banks only offer loans to employees from well-established institutions or government departments Deposit starting from 20% […]
Requirements For a Self-employed Applicant
Requirements for Self-Employed Applicants Nationals (Emiratis) running their business for at least 2 years Good credit history is necessary Minimum monthly income considered by many banks starts from AED 25,000 self-paid salary or AED 3,000,000 annual turnover Maximum 50% of income dedicated to repayment Some banks only offer loans to employees from well-established institutions or […]
Requirements for a non resident applicant
Requirements for Non-Resident Applicants Eligibility conditions for non-residents purchasing from outside the UAE are a little different compared to those for nationals and foreign residents (expats.) Salaried Non-Residents Self Employed Non-Residents Salaried employees – at least 6 months in their current job Running their business for at least 2 years Good credit history is […]