Apply for a home loan

How to apply, documents needed and tracking

Apply for an Emirates NBD home loan and buy the home of your dreams sooner than you think you can. We're here to help you every step of the way. We offer both fixed and variable interest rates to suit your individual needs.

Find out your eligibility, what documents you need and apply now.

Eligibility

To apply for a home loan with us, you need to be:

a UAE National earning at least AED 10,000, or a UAE resident earning at least AED 15,000
an expat employed in the UAE for at least 3 years with at least 1 year in your current job
not older than 65 years old if salaried, or 70 years old if self-employed*, when the loan matures

*If you are self-employed, your company should be in operation for at least 3 years.

Learn more about our home loans here.

Apply for a home loan

Choose one of the following options to apply now:

If you’re self-employed, you can apply for a home loan only through our website, or by visiting one of our branches.

How long it will take

Your application will be processed within 3 to 5 working days. Once your application is approved, your loan amount will be transferred to the dealership or seller.

Documents required

Your passport
UAE residence visa and Emirates ID with copies
Salary Certificate addressed to Emirates NBD. If there is more than a 10% variance in salary, we’ll need pay slips for the last three months
If you’re self-employed, we’ll need your Trade License copy, Audited Report for the last 2 years, UAE Chamber of Commerce License, Share Certificate and Memorandum and Articles of Association
Last 6-month's Bank Statement
Proof of address (this can be your Tenancy Contract, Bank Statement with current address or Title Deed)
Property documents (only in case of loan against property)
Loan Account Statement for loan take over
Title Deed of property to be acquired

If any additional documents are required, we’ll inform you during the application process.

Fees and Charges

These are the fees and charges for a home loan:

Loan Processing Fee: 1.05% of the loan amount (inclusive of VAT)
Credit Life Insurance Coverage: as per the quote
Valuation charge: AED 3,150 for completed property (inclusive of VAT) and AED 20,000 for self-constructed property

View our other fees and charges here.

FAQs

I currently have my own life insurance. Can I link this insurance with my home loan?

Yes, you can, however it is subject to bank approval.

Can I get 100% finance for my new home? Or do I have to finance part of it?

No, as per UAE regulations, you must pay a down payment towards your new home. Furthermore, the amount of finance you receive for your home loan will depend upon your age, salary, employment tenure, credit score and length of relationship with the bank.

Can I take a home loan to cover only part of the cost of my new home?

Yes, you can use the loan to pay only part of the original cost of your new home.

Can I take a home loan to refurbish or remodel my existing home?

Yes, you can. This is subject to bank review and a refurbish quote.

Does the bank insure my property?

Yes, the bank will insure the property for the term of the loan.

Can I take a joint home loan together with my partner or spouse?

Yes, you can take joint a home loan with your spouse or other approved relations, as per bank policies.

If I don’t meet the salary criteria, can I take a joint home loan with my spouse, family member or friend?

No, a minimum salary criteria should be met by every borrower in the application.

Will the interest rate on my home loan change over the course of the years? Or is it fixed?

The interest rate on your home loan depends on whether you signed up for a fixed or variable rate. Fixed rates are usually for the initial loan period which can be 2, 3 or 5 years. After that, you switch to the prevailing interest rate which is variable.

What if I want to move my loan to another bank, is this possible? Is there a charge for this?

Yes, early settlement charges are applicable if you move your loan to another bank.

What if I want to settle my loan early? Will I have to pay a charge?

Yes, you can as for early settlement of your loan and there is a charge for this.

What if I can’t pay my home loan installments, can I refinance the loan? Will the bank give me a loan holiday?

No, deferment on home loans is not allowed.