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Housing Loan


Housing Loan offers you everything you need to own your dream home in Dubai and Sharjah. Our specialist mortgage advisors will provide you a fast, friendly and dedicated service and guide you through the entire process in an easy and smooth way.

Who is it for?

  • Salaried and self-employed Kuwaitis based in GCC countries
  • Resident UAE nationals (Salaried and self-employed)
  • Salaried and self-employed GCC nationals residing in their own country or in the UAE, where NBK has its presence
  • Other expats residing in the UAE and GCC Countries where NBK has its presence
  • Salaried and self-employed Egyptians and Lebanese residing in GCC countries where NBK has its presence
  • Loans are granted on the sole discretion of the bank

What makes it special?

  • High loan amounts up to AED 10 million
  • Competitive interest rates
  • Loans available for ready projects with title deeds or final payments to the developers
  • Loan to Value (LTV) up to 65%
  • Convenient tenor up to 20 years
  • Early/Partial settlement fee: 1% of outstanding loan or AED 10,000 (whichever is lower) for the first 3 years. Nil charges from fourth year onwards (Plus VAT)
  • Simplified documentation and fast processing
  • Dedicated mortgage specialists for assistance

How Do I Get It?

Salaried Individuals:

  • Current dated Salary certificate addressed to NBK, Dubai which states the designation, date of joining and salary details
  • Other income documents such as valid tenancy contract, title deed copies and rental check copies
  • 6 Months bank statement that reflects 6 salary credits


Self-employed individuals:

  • Company documents such as trade license, commercial registration certificate, chamber of commerce certificate, AOA & MOA etc.
  • Last 3 years audited financials
  • Personal bank account statements for 12 months
  • Corporate bank account statements for 12 months
  • Other income documents such as valid tenancy contract, title deed copies and rental check copies

Property documents (If identified)

  • Copy of the MOU (Memorandum of Understanding) and Title Deed. All documents above have to be original sighted by the bank to proceed with the application

Interest Rates

  • At NBK - UAE, we offer a competitive interest rate to our clients, which would be a sum of EIBOR (Emirates Interbank Offered Rate) and bank’s margin. EIBOR is indicative and subject to market changes
  • NBK - UAE currently offers a promotional rate of 5.25% for the first 12 months from the date of disbursement, followed by 6 months EIBOR and 2%; minimum 3.99% per annum from second year onwards.
  • Refer to the table of fees and charges

Tell Me More

  • If salaried, your income should be equivalent to USD 5,000 or above
  • If Self-employed, your income should be equivalent to USD 6,500 or above
  • Min length of service should be 6 months in the current employment with 12 months overall continuous employment. For self-employed, length of business should be 3 years
  • Min age of the borrower: 21
  • Max age of the borrower (Salaried): 65
  • Max age of the borrower (Self-employed): 70
  • Under construction properties are out of scope
  • Identification documents: Passport and Emirates ID
  • Refer to the key fact statement for this product


  1. Are there any processing fees?

    Yes. 1% of the loan amount with a minimum of AED 5,000.

  2. Should I take a life & property insurance for the mortgage?

    Life insurance covers your loan outstanding in the event of death. Property Insurance covers your property in the event of natural calamities and accidents

    Life & Property Insurance are subjected to the terms and conditions of the policy availed.

    DBR (Debt Burden Ratio) / DSR (Debt service ratio)

    The DBR primarily measures the likelihood that you can repay your existing loans. The lower the ratio, the easier it is for you to make your monthly loan payments, because they constitute a relatively small percentage of your income.

    DBR is used to identify an individual’s ability to manage monthly payment and repay the loans. DBR is calculated by dividing total recurring monthly debts/payments by monthly income, and it is expressed as a percentage. The total recurring debts will include all EMI’s and 5% of the total credit limit of all credit cards held.

    DBR is capped at 50%.

  3. What are the types of properties I can choose from?

    NBK - UAE offers finance to residential mortgages for villas, apartments and townhouses. However, financing residential buildings, mixed use buildings, commercial properties and plot of land are subject to approval.

Apply Now for Housing Loan

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