Home Loan for Residents

Own your dream home today

Fast & easy processing

Apply Now

Free pre-approval

In only 10 minutes

Up to 85%

Of property value

No salary transfer needed

Easy set-up

Enjoy a wide range of home loan solutions

Discover the best range of house finance options guided by our mortgage experts. With our quick digital pre-approval, instantly find out how much you are qualified to borrow.

Benefits

Generous loan limits

High loan amounts of up to AED 10 million.

Excellent repayment period

Loan repayment tenure of up to 25 years.

Low interest rate options

Enjoy all the benefits of generously low interest rates on your loan.

Mortgage Calculator

Feel free to play around with the calculator

Loan amount

Please enter loan amountAED

AED 100,000

AED 10,000,000

Interest rate

Please enter Interest rate%

1.99

7.99 %

Pay back over how many years?

Please enter tenureyears

1 year

25 years

For better decisioning you can also compare various loans

Loan Comparison calculator

Monthly Installment

-

Apply Now Check eligibility

Terms & condition will apply. Actual installments may differ.

The paperwork

Complete a simple application form

Valid passport, visa & Emirates ID copy

Income statements

Are you ready to apply?

Eligibility

Mashreq Gold Eligibility

Click here for details

Employment status

Salaried or self-employed individuals

Visa

UAE Nationals or resident expatriates

Transparency

Fees & Charges

To find out more, click here.

Key Fact Statement

To find out more, click here.

Key Facts Statement for Sukoon Life Insurance

To find out more, click here.

Key Facts Statement for Sukoon Property Insurance

To find out more, click here.

General questions

: UAE residents, nationals and expatriates.

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: For salaried customers: Minimum: 21 years / Maximum: 65 years on maturity of loan
For self-employed customers: Minimum: 21years/ Maximum: 70 years on maturity of loan
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: You can borrow up to a maximum of AED 10 million for up to a maximum of 25 years
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: Your application will be evaluated on the following criteria:

Your income stream

Your employment history and stability

Your ability to handle current obligations as well as new ones

The value of the property being purchased or refinanced

Your assets to assess your ability to meet your down payment

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: Refinance allows you to liquidate the cash value of property, available to all residents, expatriates and UAE nationals
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: Yes, at Mashreq we deal with two types of transactions
Full Payment: Where the first purchaser has made 100% payments to the developer and is selling the property to you. Here the payments would be made to the first purchaser.
Part Payment: Where the first purchaser has only paid the down payment and the balance is yet to be made to the developer. Here, the down payment would need to be paid by you to the seller and the balance be made to the developer
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: Yes, both Life Insurance and Property Insurance are mandatory before disbursing the loan.
Property Insurance: The Property Insurance premium is calculated on the cost of the property and is available only through Oman Insurance Company OIC (FOR T&C's click here). The amount of the insurance premium will be debited from your account prior to the final disbursal and each year thereafter. A property insurance certificate will be delivered to you by the insurance company within a month.
Life Insurance: Life Insurance is also mandatory from OIC (FOR T&C's click here). Customers with Please Note: - An Assignment Fee will be applicable and a policy can only be assigned at loan origination - Existing life insurance policies can only be assigned at loan origination.existing life insurance policies through Oman Insurance Company, Zurich and Alico have the option to assign* the policy to the Bank provided that it meets the following criteria:

Policy is more than six months

Policy covers the loan value

Policy covers the tenure of the loan including the construction period

Policy is active and insurance premium is paid up to date

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: For salaried employees

Application form

Passport copy with valid visa

Salary Certificate addressed to Mashreqbank

Last six months original bank statements

Liability letter from the bank addressed to Mashreqbank

Photocopy of Purchase Contract

Photocopy of Down Payment receipts

For self-employed Individuals

Application form

Passport copy with valid visa

Last six months bank statements personal and company

Liability letter from the bank addressed to Mashreqbank

Memorandum and articles of association

Audited financial statements of last 2 years

Board resolution copy

Trade license copy

Copy of Chamber of Commerce Registration

Business profile on company letterhead

Photocopy of Purchase Contract

Photocopy of Down Payments

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: Yes, all co-owners of the property have to be co-borrowers.
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Homes Loans for Non-Residents

Invest in a UAE property for investment purposes or as a second home. with less paperwork.

Loan to value of up to 50%

High loan amount up to AED 10 million

Loan Tenor of up to 25 years

View Details Apply Now

Our Approach

Wealth Solution

Banking Solutions

Insights

Online Banking

Other Banking Services

Home Loan for Residents

Own your dream home today

Fast & easy processing

Free pre-approval

In only 10 minutes

Up to 85%

Of property value

No salary transfer needed

Easy set-up

Enjoy a wide range of home loan solutions

Benefits

Generous loan limits

Excellent repayment period

Low interest rate options

Mortgage Calculator

Feel free to play around with the calculator

-

The paperwork

Are you ready to apply?

Eligibility

Mashreq Gold Eligibility

Employment status

Visa

Transparency

Fees & Charges

Key Fact Statement

Key Facts Statement for Sukoon Life Insurance

Key Facts Statement for Sukoon Property Insurance

General questions

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Homes Loans for Non-Residents

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