Emirates Islamic Bank (EIB) Home Loan Eligibility in UAE

Home loans in the UAE can prove to be the perfect support system to purchase your first property, especially if you don't want to pay the cost up-front out of your own pocket. Emirates Islamic Bank offers affordable home loans perfect for first-time home buyers, who want to take a strategic approach to property purchase.

However, in order to submit your application for an EIB home loan in UAE, you need to meet the eligibility criteria set by the bank. This article attempts to offer you all the important details related to EIB home loan Eligibility. 

EIB Home Loan Eligibility in UAE

Emirates Islamic Bank offers affordable home loan plans, but only for applicants matching the eligibility requirements ideally. Some requirements of the eligibility criteria are common for all kinds of home loan products that EIB offers. Others may differ for every different home loan product. 

Here is a checklist of all the eligibility requirements set by the bank for an EIB mortgage loan in UAE.

Residency Requirements for EIB Home Loan

Why is it important to fulfil loan eligibility requirements?

Eligibility criteria for any credit line product are set to assure that the borrower is not only creditworthy enough to be trusted with borrowed money but also has ideal repayment capabilities for the sum they take. In addition to that, eligibility criteria help the banks in screening out fraud applications and fairly disburse loan amounts. As a borrower, fulfilling the eligibility criteria is the very step of securing the loan amount that you desire. 

Frequently Asked Questions