Arab Bank Housing Loan
Free Arab Bank Visa Credit Card for the first year.
- Interest rates starting at 3.25%.
- Auto-subscription to Elite program.
- Minimum monthly salary is AED 25,000.
- Should have been in UAE for 5 years.
Three interest rate options are available - 3.25% fixed for 1 year, 3.49% fixed for 2 years & 3.99% fixed for 3 years. Variable rates apply thereafter (bank margin is 3.5%).
There is an application and approval fee of AED 3,000. You should be a confirmed employee and in your company for at least 2 years and in the UAE for at least 5 years (exception can be made on a case-to-case basis).
You get an auto-subcription to the bank's Elite program (privilege banking service). Buy-out facility is also available.