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United Arab Bank Home Finance for Expats

United Arab Bank Home Finance for Expats
Minimum Salary

20,000 AED

Flat Rate

2.26 %

Reducing Rate


Max. Term

25 Years

Salary Transfer


Islamic Finance



A home of your own is the dream closest to your heart. With a promise of prosperity, United Arab Bank o­ffers home loans which are really simple and easy for you.

Major Advantage: Fixed Rate options also available

Points to Consider: High salary requirement

Rate Card

Reducing Balance Rate 


Category Interest Rates
For Salary Transfer Starting from 3.89%
For Non-Salary Transfer Starting from 4.19%
For Self Employed (Full Documentation) Starting from 4.99%
For Self Employed (Low Documentation) Starting from 5.24%
Non Resident Starting from 5.49%


Complete the form to get more detailed rate options as per your working profile


Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 3.89%

Flat Rate: 2.26% p.a. (As per 25 years calculation)

Processing Fees: 0.52% (for resale) / 1% (For equity release) (Nil on buy out transaction)

Preapproval Fees: Nil

Property valuation Fees: AED 3,000 (for salary transfer clients)

Early Settlement Fees: 1% of outstanding amount (Max cap AED 10,000)

Partial Settlement Fees: Up to 20% of the loan outstanding without any charge (once a year)


Finance Requirements:

Minimum Salary Requirement:

  • Minimum monthly income for Salaried: AED 20,000
  • Minimum monthly income for Self-employed: AED 50,000


Minimum Length of Service Required: 6 Months for salaried; 2 Years for Self Employed

Salary Transfer: Not Compulsory

Minimum Downpayment:

  • For first property (If property price < AED 5M): 25% for Expats
  • For first property (If property price > AED 5M): 35% for Expats
  • For second property: 40% for Expats


Key Details:

Maximum Finance Amount: AED 10,000,000

Islamic Finance: Both Conventional and Islamic options available

Maximum Term: 25 Years

Finance available for: All ready properties with title deed in Emirates


Insurance (Compulsory):

Life Insurance: 0.1728% p.a. on outstanding balance

Property Insurance:  0.06% p.a. (on property value)

Documents Required

Common Documents:

  • Valid Passport, Resident Visa and Emirates ID Copy.
  • Offer Letter Copies of All Personal Ongoing Finance.
  • Rental Income Document with cheque copies (If any).              
  • Liability Letter (In case of Buyout Finance only).
  • Bank statement with 6 months repayment track record (In case of Buyout Finance only).
  • Existing credit card details.
  • Relevant property Documents.


Salaried Client Documents:

  • Latest Salary Certificate addressed to United Arab Bank.
  • Latest 6 Months Salary Bank Statement.
  • Six months Payslips.
  • Salary Certificate / Salary Transfer Letter.


Self-Employed Client Documents:

  • Valid CompanyTrade license.
  • MOA (Memorandum of Association) including all amendments.
  • Latest 6 Months Personal Bank Statement.
  • Latest 6 Months Company Bank Statement.
  • Audit Financials of last 2 years.
  • Offer Letter Copies of All Company Ongoing Finance.
Additional Info
  • All info mentioned can change at any point in time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
  • Reducing rate is converted into flat rate as per 25 years calculation.
  • Terms and conditions apply.
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