Mortgages

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At Finer, we understand that buying a home is one of life's biggest financial decisions. Whether you're a first-time buyer or looking to refinance, our tailored mortgage options ensure you find the right financing solution.

Documentation requirements

There are various types of mortgage transactions in UAE, the types are mentioned below.

Salaried Individuals

KYC documents, Salary Certificate and Pay Slips, Bank Statements for 6 months are required to be presented. 

Self Employed Individuals

KYC documents, Company incorporation documents, Bank statements for 6 months . (Personal / Company), Audited Financials for financing amounts above 2 Million. 

Non-Resident Individuals

KYC documents, Salary certificate / Company incorporation documents from home country, Bank statements for 6 months (Personal / Company) from home country, Audited Financials for financing amounts above 2 Million. 

Types of mortgage transactions in UAE

There are various types of mortgage transactions in UAE, the types are mentioned below.

First Sale

Buy directly from a developer.

Resale

Buy from secondary market.

Refinance

Finance your existing property

Buyout

Transfer your mortgage to a different lender, for better pricing or equity release.

Off-plan purchase

Buy an under-construction property from a developer

Land financing

Buy a land from a developer / secondary market.

Mortgage pricing in the UAE

Mortgage rates and variations mostly depend on the lender, property and also the financial situation of the borrower. The rates also could possibly vary based on the economic situation and oil prices.

Fixed Rate

Ideal for those seeking stability and long-term planning. Enjoy stable monthly repayments and have a fixed interest rate for a set term, usually between one and five years. After the fixed term, the rate shifts to the bank’s variable rate.

Variable Rate

Benefit from potentially lower interest rates if market rates fall but th monthly repayments can fluctuate based on market interest rates. The Terms are typically set for 25 years and the loan must be repaid before the age of 70.

How do I choose the right Mortgage lender in UAE?

While choosing the mortgage lender, keep these points in mind.

Lowest pricing

Compare interest rate, processing fees and other charges from different lenders.

Quick turnaround time

Look for a lender who can handle your transaction swiftly and efficiently.

Hassle free documentation

Compare documentation requirements from different lenders.

Transparent Fees and Charges

Beware of hidden charges. Plesae read all the terms and conditions carefully and compare.

End-to-End Assistance

Choose a lender who can give you assistance at all the stages of your mortgage transaction.

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Ready to find the right mortgage solution for your needs?

Frequently asked questions

How do I know if I’m eligible for a mortgage?

Your age, salary / income, credit bureau score and your existing borrowing obligations determine your eligibility for a morgage. You may get in touch with Finer for a free assessment and eligibility check.

Upto what value of property, can I avail as mortgage?

For first mortgage upto 80% secondary upto 60%

What is the maximum mortgage tenure can I avail?

Maximum is 25 years, however it depends on borrowers age, salaried individulas shouldn’t cross age of 65 at the time of loan maturity, and this is 70 incase of self employed individuals.

Should I secure a mortgage approval prior to finalizing a property?

It is good to secure a pre approval prior to finalizing a property to know your exact eligible loan amount.

Who will assist me with my mortgage transaction if I am buying a property from secondary market?

Finer will assign a mortgage expert, who will handhold you through the entire journey from loan processing until possession.