Mortgage Loan
Mortgage Loan
National Bank of Umm Al Qaiwain offers you the mortgage loan to support you for purchasing or contracting or renovate your house.
Features and Benefits
- Interest rate starts from 1 month EIBOR + 1.70%, with Min starts from 4.25% to 6.55% p.a. reducing (which is higher)
- Financing up to AED 5,000,000
- Flexible Repayment period up to 25 years
- Competitive interest rates (Base Lending Rates)
- Processing fee of 1.0% of the financed amount
- Free Life Insurance
- Free property Insurance
- All Fees can be financed
- Applicable to all housing programs in the UAE
- Minimal documentation
- Free ATM Card
- Free online banking
Fees and Charges
Processing fees will apply
Eligibility
- Available for all nationalities
- No salary transfer is required.
- Available to customer with minimum 25 years of age and 70 years at loan maturity
- Minimum period of service and salary criteria will apply
- Mortgage on property is required
Documents Required
- Valid Copy of passport and emirates ID
- Salary certificate and Bank statement
- Property details
- Other documents may be requested at the discretion of the Bank
- If you do not keep up your repayments/payment , you may lose your property.
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