Dream Home…Having your own home in your city is something every human being dreams about in life. When you have one of your own, it is considered a valuable asset as its value increases with time. Buying a property is one of the most important financial decisions you make in life. We also help you in getting re-finance your home if you require liquid cash for other important business ~ terms and conditions apply.
How Many Type Of Home Loans ?
Home Loans for Non-Residence
Non-residence Salaried or Self-Employed Can take Maximum 50% Finance of the Property Value and 50% Will be Down-payment. Year of tendure 10 years maximum. Required Documents for Salaried person Passport Copy,Home Country Central Bank Credit History Report, All Documents Translated into English and Attested from Embassy. Latest Salary Certificate and Last 6 months payslip’s. Current Liabilities Details Along with that Last 6 Months Bank Statement Apart of that SOA, Oqood, Handover Notification, SPA Etc.
Non-Residence Self-Employed Required to present Company Trade License, Last 2 years Audit Report, Employees List, Last 6 months personal and company bank account Bank Statement, Personal and Company Credit Report from Central Bank and Current Liabilities Details personal and company both required all Documents Translated into English and Attested from Embassy.
Home Loans for Residence
Home Loans Available for Residence for salaried and self-employed,They Can be take Finance up to 80% Of the Property Value and 20% Will be Down-payment. Salaried person required minimum salary 8500AED. Length Of Services 6 months and AECB History required, SOA, Oqood, HandOver Notification,SPA Etc.
Self-Employed Required to present Company Trade License,MOA/POA/AOA, Last 2 years Audit Report ( If available), Employees List from Labour, Last 6 months personal and company bank account Bank Statement, Personal and Company AECB Report and Current Liabilities Details personal and company both required.Last 4 Quarter VAT Return,Office Tendency Contract.
- You need to be at least 21 years of age to buy a property
- Maximum age to get a home loan is 58 years if you are salaried and 60 years if you are self-employed but this can change according to the lender.
- You need to have a steady income to be able to get a Home loan as your monthly income alone can help determine your loan amount.
- Good credit record.
- Passport/Visa/Emirates ID copies
- Salary Certificate
- Last 6 Months Bank Statement and Payslips
- AECB Report
- Trading License ( Self-Employed)
- Office Tendency Contract
- VAT Return Report