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Product of the Month
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Dubai Islamic Bank - Al Islami Home Finance Balance Transfer / Buyout
-
Flat Rate
3.24%
Reducing Rate
AED 10,000
Minimum Salary
No
Salary Transfer

We match your details with the most trusted banks in the Middle East to find the perfect product for your needs.
*Calculations are based on flat rates
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Provider Minimum Salary Flat Rate Reducing Rate Down Payment
NBAD - Buyout Loans NBAD - Buyout Loans Minimum Salary: AED 20,000 Flat Rate: 1.81% Reducing Rate: 3.25% Down Payment: 25% Compare
RAKBANK - Mortgage Home Loans RAKBANK - Mortgage Home Loans
Minimum Salary: AED 15,000 Flat Rate: 1.65% Reducing Rate: 2.99% Down Payment: 25% Compare
FGB - Home Loan FGB - Home Loan Minimum Salary: AED 15,000 Flat Rate: 1.79% Reducing Rate: 3.25% Down Payment: 25% Compare
Mashreq Home Loans Mashreq Home Loans Minimum Salary: AED 12,000 Flat Rate: 2.99% Reducing Rate: 5.38% Down Payment: 25% Compare
Emirates Islamic - Manzili Home Finance Emirates Islamic - Manzili Home Finance Minimum Salary: AED 15,000 Flat Rate: 1.63% Reducing Rate: 3.49% Down Payment: 25% Compare
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Got a question?
Yes, both life insurance and property insurance for those taking a home loan is mandatory. The policies must cover the tenure of the loan, the loan value and be active with payments fully up to date.
Not necessarily but doing so will often get you a better rate as you are then considered less risky to the institution.
Your residency and employment status will determine the exact documents you will require to submit on application. Your chosen loan provider will provide you with all details.
You are free to sell your property as and when you choose. You’ll just need to repay the full outstanding balance of your home loan at the time of sale.
Tenures range on mortgages so make sure you take into account the tenure period when choosing a home loan product. Be sure to consider early settlement fees as well, in the event that you are in a position to make early repayments and settle your debt early.
Rates on home loans can be calculated in two ways - as a reducing rate or as a flat rate. With a flat rate, the rate is calculated on the entire principal amount of a loan (the full, original amount borrowed) whereas with a reducing interest rate, interest is charged only on the outstanding amount of the loan on a periodic basis. Flat interest rates are normally lower than the reducing balance rate and therefore considered misleading. When it comes to comparing loans, the best way to compare their true cost is to convert everything into the Reducing Interest Rate equivalent (click here for more information)
This relates to the fee applicable if you decide to pay off your loan early. If, for example, you take a home loan for 25 years but expect to be in a position to pay if off before then, any early settlement fee becomes an important factor in choosing your home loan provider.
This relates to what the bank will charge you at the beginning of the loan and is normally added to your principal loan amount. Some banks may offer home loan products with no arrangement fee but others may charge a fixed fee or a percentage of your total loan amount.
Yes. Depending on your individual situation, different documents are required. Your chosen provider will provide you with details.
We advise you to obtain a pre-approval, which will help you to determine your budget. A pre-approval normally has a validity of one to three months, which is the time you have to make an offer on your chosen property. Once done, you can proceed with obtaining the final offer and completing the transfer process.