Commercial Bank of Dubai – Mortgage Loan
Minimum Salary
AED
Monthly Payment
0
Downpayment
%
Rate
0%
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Features and Benefits:

  • 0% processing fees on buyouts.
  • High loan amounts of up to AED 20 million with a tenure of up to 25 years.
  • Flexibility to repay up to 15% of the outstanding balance each year without additional charges.
  • Financing available for salaried, self-employed, and non-resident customers.

Finance Options:

  • Purchase a new property and move into your new home.
  • Transfer your mortgage from other financial institutions to reduce monthly payments.
  • Refinance a ready property to gain access to liquidity.
  • Invest in under-construction property.
  • Invest or refinance plots, land, or farmhouses (for UAE nationals only).
  • Invest or refinance plots in Dubai with select developers (for expatriates).

Required Documents:

For All Applicants:

  • Application form, consent letter, and authorization letter for Bureau check.
  • National ID, or a valid passport, residence visa, and Emirates ID.
  • Original 3 months’ bank statements (for new customers).
  • Salary certificate.

For Self-employed Applicants:

  • Application form, authorization letter, and consent letter for Bureau check.
  • Copy of Trade License, Chamber of Commerce Registration, and Memorandum and Articles of Association.
  • Original 12 months of company and personal bank statements (for new customers).
Calculator Terminology

Principal Amount: The initial amount of money borrowed.

Annual Interest Rate (%): The yearly interest rate applied to the loan or credit product, also known as APR in this context.

Loan Term (Years): The original duration of the loan or credit agreement, stated in years.

Effective Monthly Payment: The total monthly payment that accounts for all fees and associated costs related to the product.

Calculated Annual Percentage Rate (APR): The APR is computed using the annual interest rate along with fees and other expenses. It serves as a standardized measure for comparing the overall cost of different products with varying interest rates and fee structures across different financial institutions.

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