CBD Home Loan Eligibility in UAE

Commercial Bank of Dubai (CBD) offers home loan plans at affordable interest rates ensuring ease of purchasing homes in the UAE. The bank provides loans to expatriates as well as UAE nationals on the basis of pre-set eligibility criteria. The eligibility criteria also help the bank determine the loan amount an applicant can get and the interest rate for it.

Hence, it is also important that every borrower has optimum knowledge about CBD home loan eligibility requirements. This article will provide insights into the CBD home loan eligibility criteria.

CBD Home Loan Eligibility Criteria in UAE

Commercial Bank of Dubai offers affordable home loan in UAE solutions with flexible repayment tenure and low interest rates. Applicants are required to meet the basic eligibility criteria set by CBD bank in order to get CBD home loans. The following is a list of CBD mortgage loan eligibility requirements:

Additional Eligibility Criteria:

If you are a salaried applicant looking to get a CBD home loan in UAE, you need to have served for a minimum period of 6 months at your current company. If you are a business owner, your company should be at least 3 years old in the UAE.

Why is it Important to Fulfil Loan Eligibility Requirements?

Eligibility criteria for credit tools like home loans, credit cards, etc. are set to ensure that the borrowers taking these tools can manage them properly and repay the due balance in time. Eligibility requirements help banks avoid loan frauds and payment defaults. So, before applying for any bank loan, it is also important for potential borrowers to know what eligibility requirements must be met to get the loan. 

Frequently Asked Questions