MORTGAGE

a) Home Loan:

Getting your home loan approved in the UAE is a goal, but you must follow the steps in order to achieve it.

Are you thinking of applying for a home loan? Do you want to know how much
money you could get if you applied?

Before you make a large financial commitment, it’s best to know how much money you can borrow. We clarified the rules that govern your home loan eligibility, as well as the steps you must take before submitting your application.
In recent years, the UAE has seen an increase in home loans. Banks and financial institutions have become more attentive to each individual’s desire to purchase a home and are now offering simple and appealing schemes.

You can have your dream home and a stable future in the UAE with the right home loan Plans. Simply scroll down to find Elite Banking Consultancy Premium deals to get your Home Loan with no mistakes, at the lowest rate, and with the procedure completed successfully at your fingertips in your chosen place.

What are the benefits of Home Loan?

The easiest way to realize your dream of owning a home is to take out a home loan. A home gives you a sense of peace and comfort, and it’s also a good investment.

The following are some of the benefits of taking out a home loan in the UAE:

  1. Get a free house appraisal and insurance.
  2. The majority of banks have free credit cards that are valid for life.
  3. You can borrow up to 80% of the market value of your home in times of need.

Purchasing a house is arguably the most significant financial move one will ever make. With ever-increasing real estate costs, purchasing a home without financial assistance is becoming increasingly difficult. If you are in need of a home loan, please fill out the form and contact our experts at Elite Banking Consultancy .

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b) Loan Against Property:

Apply For Loan Against Property in UAE Obtain a cash loan based on the income generated by your house. Elite Banking Consultancy will assist you in achieving your goals by providing you with a specific mortgage facility based on the income generated by your residential property.

What do you mean by Loan against Property?

When you apply for a loan against estate, you can use your home or any other property as collateral. A loan provider assesses the value of your home to determine the loan amount you are eligible for.

You will be granted a loan for a certain amount of the market value of your home. The percentage amount will vary from one bank to the next. When you take out this category of loan, your property becomes collateral.

What are the benefits of using a loan against property in UAE?

There are numerous loan providers in UAE who are willing to lend against your property. These provide land owners with a number of advantages.

  1. A loan of up to 80% for UAE nationals and 75% for expats is available.
  2. Variable and fixed interest rate options are available.
  3. Finance for freehold, leasehold, and private villas with title deeds is open.
  4. Repayment terms of up to 25 years are flexible. There is no need for a salary transfer.
  5. Group Cover Policy provides life and property insurance.
  6. An early settlement fee of 1% of the unpaid finance sum is paid, with a maximum of AED 10,000.

When searching for a loan against property in Dubai, you can compare different loan offers to find the most affordable one that meets your needs. Loans against property come in a variety of forms and from a variety of lenders. This can make it difficult to make the best decision. Contact our experts at Elite Banking Consultancy to know more about this.

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c) Non Resident Home Loan:

Acknowledgement of affordable prices and lower interest rates, both local and foreign investors have been eyeing UAE’s diverse real estate area. Foreign investors who would like to purchase property without placing a stress on their finances also have the suitable option of getting Home loan for Non-Residents.

If you’d like to know more about who is eligible for non-resident home loans in UAE and how such Loan work, learn the answers to these questions by contacting our experts at Elite Banking Consultancy. We will assist you in the process to get a home loan for Non-Resident in UAE.

Foreign investors who would like to purchase property without placing a stress on their finances also have the suitable option of getting Home loan for Non-Residents.

If you’d like to know more about who is eligible for non-resident home loans in UAE and how such Loan work, learn the answers to these questions by contacting our experts at Elite Banking Consultancy .We will assist you in the process to get a home loan for Non-Resident in UAE.

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d) Warehouse Finance / Labour Camp Finance:

This type of loan is extended to customers who already own a piece of land and need funds to meet the cost of constructing a house on that land. The disbursement of this loan is made in tranches during the construction phase depending upon the Bills of Quantity (BOQ) submitted by the customer.

Its benefits are:

  • Up to 75% financing of the property value
  • Up to 25 years financing tenor
  • Competitive pricing.
  • Quick turnaround time Professional & transparent approach
  • Customized offerings to suit customer needs.
  • Flexibility in tenor and repayment options

If you are planning to build / buy your own warehouse or to build /buy a labor camp kindly contact our experts at Elite Banking Consultancy .We will assist you in the process to get finance to complete your plans.

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e) Commercial Property Loan:

Commercial Property loans are designed to help businesses buy property which will be used for commercial purposes. It may be property used as a business premises, or simply a business investment. Is it the same as a home loan? In the main, a commercial property loan, or mortgage, works much the same as a home loan.

Benefits

  • Up to 75% financing of the property value
  • Up to 25 years financing tenor
  •  Competitive pricing.
  • Quick turnaround time
  • Professional & transparent approach
  • Customized offerings to suit customer needs.
  • Flexibility in tenor and repayment options.

Kindly contact our experts at Elite Banking Consultancy. We will assist you in the process to get Commercial Property loan at best terms and conditions.

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