Emirates NBD
Home Loans For Self Construction

Salaried

• Passport and Emirates ID
• Salary certificate addressed to Emirates NBD
• Bank statement for the last 6 months
• Pay slips for the last 6 months if pay varies more than 10%
  
  

Self Employed

• Passport and Emirates ID
• Copy of Trade License
• Memorandum of Association (MOA), including all amendments
• Bank statement for the last 6 months
• Audited company financials or the last two years
  
  

Co-Borrower

• Co- borrower's passport and Emirates ID
• Income documents (if applicable)
• Pay slips for the last 6 months if pay varies more than 10% (if applicable)
• Bank statement for the last 6 months (if applicable)
• If the co-borrower is a company owner, please share the MOA and Trade License

Moving your Home Loan to ENBD?

• Valid Passport & Emirates ID
• Property documents and title deed
• Existing bank loan documents
  
  

Apart from the abvoe if applicable, technical evaluation report, workers insurance, registered mortgage deed and building permit, demarcation certificate and contractor's trade license.

UAE Nationals with available land or those who are granted land by the government are eligible to apply for a self-construction loan, subject to meeting the lender's specific criteria.

• Apply with a minimum salary of AED 10,000
• Available for salaried and self-employed individuals
• Coverage of Life & property insurance
• Free application fee
• Free partial settlement up to 20% of the loan amount
• Finance of Government housing programs available
• Apply with a co-borrower
  
  

Variable Interest Rate: The interest rate is fixed for an introductory period (i.e. 2/3/5 years). For the remaining period, the interest rate is variable, linked to EIBOR1 (i.e. EIBOR + fixed  margin)

Fully variable rate: The interest rate for the entire period of the loan is variable and linked to EIBOR (i.e. EIBOR + fixed margin)