UAE is a place of multidimensional people and cultures, where everyone wants to come and enjoy. Especially, when it’s about the various emirates of UAE like Dubai, Sharjah, Abu Dhabi, Ajman, and many more. People like to stay and live here permanently, mostly folks like to live here with their families as well. But staying and living in these places are not as easy as people think, people do lots of things for survival in the UAE. Especially, making a home or buying your permanent residence here is quite a difficult task because of its heavy expenses.
So, to sort out such problems, the people of UAE take the Mortgage loan in UAE. This decision will prove the best decision of their life because of its huge list of advantages. People also fear of high-interest rates, because mostly the job holders try to get loan for accommodation in UAE. Therefore, they try to get a home loan with the lowest rate of interest. The banks of UAE will be famous due to their attractive interest rates also, so you don’t have to worry about your interests.
Main characteristics of home loan in the UAE
- No extra fee
Some banks impose extra charges on home loans, in which the agreement fee is top of the list. But in most places in UAE including Sharjah, there can not be any kind of charges while approving the home loan. So, you can easily take this loan without submitting additional fee charges.
- Less documentation
Home loan facilities in the various emirates of UAE will not tease you by taking so much time in paperwork. Everything will be pre-planned and well managed, the staff members are also very active and always do their work efficiently. They always suggest you the best home loan rates in UAE to facilitate you.
- Cashback facility
Banks of UAE also serve the people through their unique facility of cashback on home loans. So, feel free with the cashback, which can be up to 2000 AED. With a home loan service, you may get many more advantages and benefits, that will make your life more easier and comfortable.
- Low ratio of Interest
Most people want to know about the ratio of interests in various emirates of UAE including Sharjah, Dubai, and Abu Dhabi. They usually search about home loans to find out the best home loans interest rates in UAE. So, they will be glad to know that banks in UAE offer a low ratio of interest. Especially, when you apply in an Islamic bank, so it will not require high interest. All rates are according to the sharia laws, so relax and avail the chance of a home loan without hesitation Personal loan in UAE 3000 salary.
What is the ratio of interest in Sharjah, UAE?
Many banks in Sharjah are providing two major types of rates, one is consistent and the other one is an unstable or variable rate. The ratio of home loans starts from 1% and the least percentage of interest will be up to 5%. which again depends upon the bank you applied to.
Essential things
If you trying to avail a home loan in Sharjah, you just have to fulfill these requirements of banks in Sharjah, UAE.
- Your monthly income according to the bank will be up to 15000 AED.
- Bring your valid ID
- Bank will confirm your 1 to 3 years of working experience.
- Bank will ask about your earlier record of payments.
- If you are an expat, bring copies of your visa and passport.
- A trading receipt is also an important document.