Home Loan for Doctors in UAE

Home loans for doctors enable healthcare professionals to construct or purchase the home of their dreams without worrying about finances. Mortgage loans in the UAE for doctors have reasonable interest rates as well as high finance amounts that help doctors purchase a property or construct a home.

To help you find the best plans for home loans in the UAE for doctors, this article will discuss the key aspects of the top home loans for doctors in the UAE.

Features and Benefits of Home Loans for Doctors in UAE

You can expect the following features and benefits with most plans related to home loans for doctors in the UAE &

• Competitive interest rates
• Quick loan processing
• Availability of balance transfer facility
• Flexible loan repayment tenure of up to 25 years
• High finance amount
• Down payment of 20%
• Both conventional and Sharia-compliant home loans available

Top 5 Home Loans for Doctors

Let’s now go through the top plans concerning home loans for doctors from the leading financial institutions in the emirates

1. Emirates NBD Home Loan

Emirates NBD offers two different types of home loans in the UAE for doctors & one is for UAE nationals while the other one is for ex-pats. The two home loans are detailed below &

Emirates NBD Home Loans for UAE Nationals

• Suitable for purchasing a home or building a home & option of refinancing available
• Maximum Finance & up to AED 5 Million or 8x your salary
• Financing up to 80% of the value of the property
• Loan Repayment Tenure & up to 25 years
• Minimum Monthly Salary Requirement & AED 10,000
• Flat Rate & 3.04%
• Reducing Rate & 5.75%
• Settlement Fee & 1%
• Processing Fee & 1%

Click here to Apply for this Mortgage Loan

Emirates NBD Home Loans for Expats

• Maximum Loan Amount & AED 3 Million
• Loan Repayment Tenure & up to 25 years
• The offered finance amount can go up to 75% of the property value
• Pre-approval facility
• Minimum Salary Requirement & AED 20,000 per month
• Flat Rate & 3.04%
• Reducing Rate & 5.75%
• Settlement Fee & 1%
• Processing Fee & 1%

Click here to Apply for this Home Loan

2. First Abu Dhabi Bank Mortgage Loan

First Abu Dhabi Bank or FAB chiefly provides four types of home loans in the UAE & for residences and investment in UAE, Islamic home finance, home loans for Non-UAE residents, and Mortgage loan for Rented Backed Finance.Find below the main details of each plan &

FAB Home Loan for Residences and Investment in UAE

• Loan Amount & up to AED 20 Million
• Maximum loan repayment term & 25 years
• Minimum Monthly Salary Required & AED 15,000
• Down Payment & 15% of the property value (for UAE nationals) and 20% of the property value (for ex-pats)
• Early Settlement Fee & as per the CBUAE guidelines (1% + VAT of the remaining mortgage amount up to AED 10,000 + VAT)
• Reducing Rate & Starting from 0.49% and 3 months EIBOR variable in the 1st year
• Shariah-compliant home loan in the UAE
• Processing Fee & 0.5% (exclusive of VAT) of the loan amount
• No approval in principle fee

Click here to Apply for this Home Loan for Doctors in UAE

FAB Islamic Home Finance

• Shariah-compliant home loan
• Finance Amount & up to AED 20 million
• Fixed Rate Starting from & 4.79% per annum
  • 2nd year fixed rate & 4.79%
  • 3rd year fixed rate & 4.89%
  • 4th year fixed rate & 4.99%
  • 10th year fixed rate & 5.25%
• Profit rates that start from a 3-month EIBOR of 0.49% for Year 1 followed by a 3-month EIBOR of 1.20% per annum from the second year
• Maximum of 85% financing for first-time home loan buyers (UAE nationals) and 80% for ex-pats
• No fee for approval in principle
• Option of new home loans or buyout available
• Settlement Fee & 1.05% of the remaining loan amount (up to AED 10,500)
• Processing Fee & 1% of the overall loan amount
• Minimum Salary Required & AED 15,000 per month
• Maximum loan repayment tenure of up to 25 years

Click here to Apply for this Mortgage Loan

FAB Home Loans for Non-UAE Residents

• Maximum loan amount of up to AED 10 million
• Loan repayment tenure of up to 20 years
• Fixed rate of 3.49% for the first year
• No processing fee on the buyout loans
• Reasonable variable rate with an alternative to link EIBOR or MBR
• Settlement Fee & 1% (exclusive of VAT) on the loan amount due for payment (up to AED 10,000)
• Processing fee & 1% of the total loan amount
• Minimum Monthly Salary Required & AED 50,000
• Down Payment of at least 50% required
• Shariah-compliant home loan in the UAE

Click here to Apply for this Mortgage Loan in UAE

FAB Mortgage Loan for Rental Backed Finance

• Maximum loan amount of AED 35 million or up to 65% of the value of the property
• 1% settlement fee (exclusive of VAT)
• Property management service from FAB
• Life and property insurance
• Reducing rate of 5% per annum
• Maximum loan repayment tenure of 15 years
• Shariah-compliant home loan in the UAE
• Minimum salary required & as per rental income computation

Click here to Apply for FAB Mortgage Loan for Rental Backed Finance

3. Dubai Islamic Bank Home Loan

Dubai Islamic Bank (DIB) offers four major types of mortgage loans in the UAE & home loans for first time buyers, for Badr Properties, Existing Home Owners, and Government Housing Schemes.Given below are the most relevant details of each of them

DIB First Time Buyers

• Maximum Loan Amount & AED 50 million
• Loan Repayment Tenure & up to 25 years
• Salary transfer required
• Reducing Profit Rates & starting from 3.25% per annum
• Financing of up to 80% of the property’s value for nationals and 75% for expatriates
• Assistance for purchasing a property from an existing home owner
• Forward Ijarah product for home construction
• Flat Profit Rate & 1.79%
• Settlement Fee & 1%
• Processing Fee & 1%
• Minimum Monthly Salary Required & AED 12,000
• Shariah-compliant loan

Click here to Apply for Dubai First Time Buyer Home Loan

DIB Home Financing for Badr Properties

• Maximum Loan Amount & AED 50 million
• Loan Repayment Tenure & up to 25 years
• No salary transfer required
• Reducing Profit Rates & 3.49% (per annum) onwards
• Financing of up to 80% of the value of the property for nationals and 75% for expatriates
• Flat Profit Rate & 1.92%
• Shariah-compliant loan
• Minimum Salary Required & AED 12,000 per month
• No Processing Fee

Click here to Apply for DIB Home Financing for Badr Properties

DIB Existing Home Owners

• Maximum Finance Amount & AED 50 million
• No salary transfer required
• Loan Repayment Tenure & up to 25 years
• Reducing profit rate & 3.25% onwards
• Flat Profit Rate & 1.92%
• Minimum Salary Required & AED 12,000 per month
• Financing & up to 80% (of the property value) for nationals and 75% for expatriates
• Option of refinancing available
• Shariah-compliant loan
• Purchase second home via comprehensive solutions

Click here to Apply for DIB Existing Home Owners

DIB Government Housing Schemes

• Loan Amount & up to AED 50 million
• Finance for up to 80% of the property value
• Optional salary transfer
• Loan Repayment Tenure & up to 25 years
• Quick loan processing
• Flat Profit Rate & 2.1%
• Reducing Profit Rate & 3.75%
• Ready-property solutions
• Available for self-construction properties as well
• Minimum Monthly Salary Required & AED 12,000
• Settlement Fee & 1%
• Processing Fee & 1%
• Shariah-compliant finance product

Click here to Apply for DIB Government Housing Schemes

4. HSBC Mortgage Loan

HSBC, one of the largest global banks, has a client base of around 40 million customers. It has been present in the UAE since 1946 and offers financial solutions to both nationals and expatriates.With HSBC, you can get the following two types of home loans in the UAE &

HSBC New Home Loan

• Maximum Loan Amount & AED 20 million
• No home loan arrangement fee
• Approval in Principle within 60 minutes
• Maximum Loan Repayment Tenure & 25 years
• Flat Rate & 1.96%
• Reducing Rate & 3.59%
• Settlement Fee & 1%
• Processing Fee & 1%
• Loan amount of up to 80% of the property value
• Minimum Salary Requirement & AED 15,000 per month
• No requirement for salary transfer
• You can request additional funds for home improvement by applying for an equity release
• This loan offers a fixed rate for two years & variable interest rates afterwards
• Option to avail of HSBC home loan even while having an account with another bank

Click here to Apply for HSBC New Home Loan

HSBC Fixed Interest Rate Home Loan

• Loan Amount & up to AED 20 Million
• Maximum Loan Repayment Tenure & 25 years
• No need for salary transfer
• Zero arrangement fee on home loan
• Fixed rate of interest available for 2, 3, and 5 years
• Approval in Principle within 60 minutes
• Eligible for HSBC Premier Account if the loan amount is more than AED 3 Million
• Flat Rate & 3.59%
• Settlement Fee & 1%
• Processing Fee & 1%
• Minimum Monthly Salary Required & AED 15,000
• Loan Amount &up to 80% of the property value

Click here to Apply for HSBC Fixed Interest Rate Home Loan

5. ADIB Home Loan

Abu Dhabi Islamic Bank (ADIB) is another leading provider of home loans for doctors in the UAE. While there is no distinctive loan, doctors can easily avail of a home loan either for ex-pats or UAE nationals based on their citizenship. The two types of loans are discussed below

ADIB Home Loan for Expats

• Finance amount of up to AED 15 million
• Reducing profit rate of 3.75%
• Flat profit rate of 2.06%
• Special rate for funding handover payments to the property developers
• Maximum Loan Repayment Tenure & 25 years
• Finance of up to 80% of the property value
• Instant pre-qualification
• Grace period of 6 months (optional)
• Minimum Salary Required & AED 15,000 per month
• Property Takaful paid by the bank
• No need for early settlement fee at the time of selling the property

Click here to Apply for ADIB Home Loan for Expats

ADIB Home Loans for UAE Nationals

• Maximum financing of up to AED 15 million
• Reducing profit rate of 3.75%
• Flat profit rate of 2.06%
• Special rate for funding handover payments to the property developers
• Maximum Loan Repayment Tenure & 25 years
• Finance of up to 80% of the property value
• Instant pre-qualification
• Grace period of 6 months (optional)
• Minimum salary required & AED 10,000
• Property Takaful paid by the bank

Click here to Apply for ADIB Home Loans for UAE Nationals

Wrapping Up

Doctors can now build the home of their dreams with the help of the top home loans in UAE. These home loans are vouched for their flexible repayment tenure, high finance amount, minimum down payment, competitive interest or profit rates, and more.

To get the best deals on your home loan purchase, you can visit policybazaar.ae where you can find a pool of mortgage loans in the UAE & all from the top banks in the country. With every purchase on our website, you can get exclusive Policybazaar UAE discounts and offers which ensure that all the top products are available at affordable rates. Another distinctive feature of our website is that you can connect with our customer care team or finance experts at any time to resolve your queries or seek sound financial advice

Explore the quotes page of our easy-to-use website and select a loan option that meets your requirements by simply visiting the ‘Home Loans’ section.