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UAE Nationals Home Finance

Emirates Development Bank offers innovative financial solutions for UAE nationals, based on long-term partnership, with the objective of contributing towards the fulfillment of the national agenda related to the housing sector. The bank provides home finance for UAE Nationals with convenient advantages that reduce the financial burden and maintains credit flexibility.

Emirates Development Bank offers home finance for UAE Nationals only, for the purpose of purchasing or constructing. The objective is to enable Emirati families to build and own their homes, and to promote social cohesion, family security and luxurious living, which comes in line with the UAE Vision 2021.

Emirates Development Bank strives to become the partner of choice for its customers, with a host of complementary or alternative banking options, and commercial and housing finance solutions that are innovative, cost-effective and ensure the maintenance of sustainable credit standards.

Emirates Development Bank targets and attracts UAE Nationals registered on the waiting lists of the federal and local housing programs. This approach reduces the waiting lists of UAE Nationals seeking housing loans; this will result in allowing housing agencies to implement their own development programs, and enhances the cooperation between federal and local bodies working in the governmental housing sector.

Home Purchase

Advantages
  • Available for home purchase.
  • Repayment period up to 25 years.
  • Funding up to AED5 million, including local federal and local housing programs support if available.
  • No down payment.
  • Convenient interest rates.
  • Shariah compliant loans.
  • No application fee for website applicants.
  • No salary transfer.
  • Quick approvals.
  • Transparency in dealing.
Eligibility:
  • UAE National.
  • UAE Nationals Family Book, valid passport and Emirates ID.
  • The minimum age required is 21 years and maximum is 50 years old. Customer should not exceed the age of 65 years once the loan is complete.
  • Minimum monthly income of monthly wage holders is AED 10,000.

Home Construction

Advantages
  • Available for home construction.
  • A repayment period of up to 25 years.
  • Funding up to AED3 million including local federal and local housing programs support if available.
  • No down payment.
  • Convenient interest rates.
  • Shariah compliant loans.
  • No application fee for website applicants.
  • No salary transfer.
  • Quick approvals.
  • Transparency in dealing.
Eligibility:
  • UAE National.
  • UAE Nationals Family Book, valid passport and Emirates ID.
  • The minimum age required is 21 years and maximum is 50 years old. Customer should not exceed the age of 65 years once the loan is complete.
  • Minimum monthly income of monthly wage holders is AED 10,000.