UAE home loans for the self-employed

Emirates NBD home loan for self-employed expats: 2.2% flat rate

Benefits: Expats who work for themselves can take out a mortgage with Emirates NBD. As per the law, financing is available for up to 75 per of the property value for homes worth up to Dh3 million over tenures of up to 25 years.

Watch out for: There are a number of fees to consider including a non-refundable processing fee of 1 per cent of the loan amount.

ADCB mortgage for self-employed expats: from 2.89% flat rate

Benefits: ADCB’s home loan for the self-employed is available to those earning over Dh10,000. Property buyers can borrow up to Dh10 million, but a down payment of 30 per cent is required. To be eligible you must have a current account at the bank.

Watch out for: There is an arrangement fee of 1 per cent and an early settlement fee of 1 per cent.

Emirates NBD home loan for self-employed Emiratis: from 2.2 per cent flat rate

Benefits: Similar to its expat product, this home loan from Emirates NBD offers finance of up to Dh15m. However, Emiratis only need to put down a 20 per cent deposit. Only those running businesses for longer than three years can apply.

Watch out for: Again beware of fees such as a 1 per cent early settlement fee and a 1 per cent arrangement fee.

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