How much loan amount can I borrow?

Before deciding on the loan amount, NBF considers various factors, such as your debt-to-income ratio, your gross income and other related expenses. The bank also considers the sum of cash you have available for a down payment, your credit score, age and more. After this, they decide the maximum loan amount you are eligible to borrow.

NBF Home Loan - Check Interest Rate, Eligibility & Home Loan Plans

Investing in a house is a significant decision. It requires you to take up a long-term financial commitment in the form of a housing loan. So, if you are residing in UAE and have plans to make this investment, then an NBF home loan can be your ideal partner. The financial institution extends lucrative credit options to help you realise your dream.

Table of Content

Features and Benefits of NBF Home Loan
Documents Required to Obtain an NBF Home Loan
Eligibility to Obtain an NBF Home Loan
Steps to Apply for an NBF Home Loan in UAE
Reasons to Choose NBF Mortgage Loan in UAE
Frequently Asked Questions

A housing loan from NBF (National Bank of Fujairah) is a credit facility that allows you to purchase a home. Here, you get to access a lump-sum loan amount (up to AED 20 million) and then repay it over an extended tenure as per the terms agreed between you and NBF.

Features and Benefits of NBF Home Loan

With the National Bank of Fujairah, you get to enjoy several features and benefits upon obtaining a home loan. Find about them below:

Considerable Loan Amount - The bank offers mortgage loans of up to AED 20 million and provides financing for up to 80% of the property’s value. Such a substantial loan amount ensures that you purchase your house without any hiccups.
Competitive Interest Rates - NBF also offers home loans at nominal interest rates, starting from 3.25% per annum. This will reduce your overall repayment burden. However, this rate depends on various factors, such as your income, age, repayment capacity and more.
Flexible Repayment Tenure - With a flexible repayment tenure of up to 25 years, you can pay off the loan easily, without facing any financial burden. Ensure to plan your home loan repayment beforehand through an EMI calculator.
Swift Approval - NBF extends quick loan application approval so that you don’t have to wait too long to avail of financing. However, produce the necessary documents to facilitate the process.

Documents Required to Obtain an NBF Home Loan

While applying for an NBF mortgage loan, you need to produce a few essential documents to facilitate the loan approval process. Find the list of documents below:

A copy of your passport
A copy of the Emirates ID card
Original salary certificate from your employer
A cheque for the pre-approval processing fee
Bank statements for the previous six months
Required property papers

You must ensure to keep these documents handy beforehand to ensure a hassle-free loan application procedure.

Eligibility to Obtain an NBF Home Loan

Before you proceed to obtain a mortgage loan in UAE, consider checking the eligibility parameters. These criteria might be different for different banks and financial institutions. That said, the following are the eligibility parameters that you need to meet to obtain a home loan from NBF:

Age	At least 21 during the time of application
Employment type	Salaried and self-individual
Salary	Minimum AED 15,000 per
Nationality	Should be a resident of any of the Emirate countries

Note that the need to meet these parameters is extremely crucial to obtain house financing. If you fail to do so, you may have to pay a higher interest rate on the borrowed loan amount.

Steps to Apply for an NBF Home Loan in UAE

NBF in UAE extends a simple online application procedure for interested borrowers to apply for a home loan. You can complete the process by following these steps:

Step 1: Visit the official website of the National Bank of Fujairah
Step 2: Navigate to the home loan section
Step 3: Click on apply now
Step 4: Enter a few details, such as your name, contact details, email address, monthly income, nationality and more
Step 5: Complete the CAPTCHA and click on send enquiry

After following these steps, you need to wait for the bank’s representative to get in touch with you. Apart from that, you can also apply for a housing loan from the Policybazaar website. Here you can compare various loan offers and choose one that fits your needs.

Reasons to Choose NBF Mortgage Loan in UAE

The National Bank of Fujairah has been in existence since 1982 and dedicates itself to helping individuals fulfil their dream of buying a house. The bank offers a massive loan amount at affordable terms and conditions. Here are a few reasons for you to choose NBF home loan:

Competitive financial services
Flexible repayment tenure
Easy application process
Financing available for all completed properties in UAE
Financing for certain off-plan properties

If you are planning to purchase a house but are short on funds, consider the National Bank of Fujairah as a one-stop destination. With NBF home loans’ easy-to-meet eligibility parameters and flexible repayment tenure, you will have a pleasant borrowing experience.

Frequently Asked Questions

When applying for an NBF home loan, you can add as many as 4 co-borrowers.

When the loan’s tenure ends, you should not be older than 65 years.

While applying for a home loan through NBF, you have to pay several charges, such as processing fees, valuation fees, property registration charges and more.

Apart from the online process, you can also call the bank to apply for a home loan or visit its nearest branch.