Loan Against Property In Dubai

Oscer Commercial Broker > Loan Against Property In Dubai

Loan Against Property In Dubai

What is Loan Against Property (LAP)?

The UAE has grown in popularity over the years as a destination for expatriates, most notably in Dubai. To keep up with this trend, the United Arab Emirates loan industry has developed into a well-established market, offering home loans against property to local and foreign lenders as well as UAE citizens. If you are searching for a loan against property in Dubai, then we are here for you to deal with this process effectively without any hassle.

A loan against property also known as a mortgage loan is approved against an asset that remains with the lender until the loan is repaid. This property can be residential, industrial, or commercial. Property loans give you access to a higher loan at a lower rate of interest. Lenders typically approve a mortgage loan between 50 percent and 70 percent of the market value of the property, which you can easily repay in an EMIs for up to twenty years.

Benefits of Getting a Loan Against Property in Dubai

These all benefits will delight you when you get a loan against property in Dubai.

Eligibility Criteria to Get a loan against property in Dubai

Document Required to get a loan against property in Dubai

The required documents that you need to prepare are given below:

How we can help you?

Company has a team of skilled professionals who help you to obtain a loan against property in Dubai. Our experts have already done this process many times; we have extensive experience in this field.

If you are seeking for loan against property, then we are here for you. We make your process easy and complete it in a possible short time.

Frequently Asked Questions (FAQs)

Which bank is best for a loan against property?
There are many banks that are best for loans against property in Dubai, but to know more about the services you can connect with company that will surely help you regarding the same.

How much loan I can get against my property?
The maximum amount with a loan against proper that a person can get based on employment status. Self-employed individuals can get an advance. Get in touch with our professionals to more about it.

Is a loan against property a good idea?
In case you have a fully formed residential and commercial property without any other encumbrances, a loan, a loan against property is the best choice compared to any other kind of loan. This gives huge sums of money for a little interest rate as the loan is protected by collateral.

Who can buy a house in Dubai?
In Dubai, overseas ownership is allowed in spots designated, as freehold. Overseas and migrant tenants can obtain ownership rights over property without restrictions.

Which bank has the lowest interest rate on loans against the property?
There are many banks that have the lowest interest rate on loans against property such as – HDFC Bank, IDFC Bank, Tata capital, and more.

Is a loan against property taxable?
You can claim tax-free from a loan against property in case the loan amount is used for business objectives. In such terms, advantages can be claimed against interest paid and associated costs incurred.