Loans for Small Buildings
Get finance for completed residential buildings
Warning
- If you do not keep up your repayments/payments, you may lose your property
- You may have to pay penalties if you pay off a loan/financing early
- Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit
- If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future
Loans for purchasing or refinancing a completed residential building in the UAE
Features
- Competitive interest rates
Flexible repayment terms from rental income
Life and property insurance coverage
- Loans of up to AED 100 million or up to 70% of the property value
1% standard processing fee
- Loan duration of up to 20 years
Property management provided by FAB
Required documents
Mortgage application completed and signed by the customer- Income documents
- Property documents
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Disclaimer: All numbers shown in the below calculator are for illustrative purposes.
Home Mortgage Calculator
Use FAB's Mortgage Calculator to determine your loan eligibility, monthly payments, and the effects of overpayments. Enter your income and expenses to calculate your EMI amount.
The property price is (AED)
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I will put down a payment of (AED)
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and would like a mortgage period (years) of
Annual interest rate
Mortgage amount
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Monthly repayment
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* Please note that this is just an estimate based on the given amounts and the downpayment is dependent on the transaction type along with the relevant conditions that apply
Representative example
Mortgage amount
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0
Monthly repayment
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* Please note that this is just an estimate based on the given amounts and the downpayment is dependent on the transaction type along with the relevant conditions that apply
Find a mortgage that's right for you
Home Loans for Non-UAE Residents
Buying an investment property in the UAE as a non-resident is easy with FAB.
Home Loan for Residences and Investments in UAE
Own your dream home with a FAB Home Loan with an attractive fixed rate for up to five years.
The Mortgage Application Process
Applying for a mortgage with FAB is easy. Start the journey to your new home with these simple steps:
Fill in a form online or contact one of our specialists directly to begin the process. You can use our mortgage calculator for an estimation of your monthly repayments. https://www.bankfab.com/en-ae/personal/mortgages/mortgage-calculator
A member of our team will contact you to discuss your eligibility and product offerings. They will advise on the next steps and how to move forward. Once you have an idea of your budget, you can start to look for your home. In addition, you can apply for an approval in principle (AIP) through our specialist to get an estimate of how much you will be eligible to borrow.
Once you find your property, you need to sign a MOU (Memorandum of Understanding) with your agent and to arrange a valuation of your home with a FAB Home Representative.
You will then fill in any required applications and provide the documentation needed for final approval, i.e., Mortgage Application Form Income Proof, Sale and Purchase Agreement and any other items that your mortgage specialist advises on. Once completed, the mortgage specialist will submit your application to the bank for the final decision.
Your mortgage loan undergoes the process of application approval. The FAB Home Representative will confirm all your documentation. Once your loan application is approved by the bank, you will need to sign an acceptance of the offer letter, together with the Mortgage Terms and Conditions. Take note that you may be requested to pay related bank charges (i.e., documentation processing fee, valuation fee, property all risk insurance) as well as to furnish evidence of the loan difference between the loan amount and the property purchase amount. You're one step closer to your new home!
The final steps are completed, and your dedicated mortgage specialist will assist you with how to proceed. You will need to visit the Land Department and register your home as well as to mortgage your property to the bank. Subsequently, the loan will be disbursed and a Manager Cheque (MC) or account transfer will be done to the seller, developer or third party.
The property is yours. Please remember to commence your monthly commitment to the bank.
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Need more help?
Contact us anytime for further assistance or check out our FAQ page for more information.
| For customers within the UAE | For customers outside of the UAE | ||
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600 52 5500 | |
+971 2 681 1511 |