YOUR INDUCTIVE GUIDE TO HOME LOAN
All you want to know about Mortgage
Once you zero in the property you want to buy, the next step is arranging for the funds. The whole process of mortgage starts with applying for the loan. Your loan application will go through scrutinizing to determine whether the eligibility criteria are fulfilled.
The financial institutions determine the credit worthiness of the applicant based on following:
- Income
- Credit score
- Debit burden Ratio
- Loan to credit Ratio
1st time Mortgage |
for UAE Nationals |
for Expats |
Property Value AED 5 Million & below |
Max loan 85% |
80%
|
For investment or 2nd Property |
65% |
60% |