Commercial Bank of Dubai (CBD) Home Loans

Minimum Salary
0,00 د.إ

Description

Commercial Bank of Dubai offers conventional and Islamic home financing up to AED 25 million, tenors up to 25 years, interest/profit rates starting from 3.54% p.a., 0% processing fees on buyouts, and flexible repayment options with inclusive insurance coverage.

Features

Eligibility Criteria

Applicants must be UAE Nationals or expatriates aged 21–65 (maturity) with:

Minimum Income:
- Salaried: AED 12,000/month
- Self-employed: AED 20,000/month or AED 3 million annual turnover
Employment Tenure:
- Salaried: ≥ 6 months in current role
- Self-employed: ≥ 3 years in business
Credit Profile: Clean UAE credit bureau history
Salary Transfer: Optional (discount applies if transferred)

Loan Amount, Tenor & LTV

Loan Amount: AED 250,000–25,000,000
Tenor: 12–300 months (up to 25 years)
LTV Ratios:
- UAE Nationals: up to 85%
- Expatriates: up to 80%
- Under-construction: 75% (nationals), 70% (expats)
- Land finance: 70% (nationals), 60% (expats)

Interest/Profit Rate Options

Conventional Variable Rate: Starting from 54% p.a., EIBOR + margin
Islamic Ijarah: Fixed for 1–5 years (EIBOR + margin + 0.10–0.20%), then CBB rate + margin
Rate Reviews: Quarterly or semi-annual at chosen EIBOR frequency
Rate Floor: Applies to ensure profitability

Detailed Schedule of Fees

Fee Type	Charge
Processing Fee (New Purchase)	1.00% of loan amount (min AED 5,000; max AED 30,000); 0% on buyouts/refinance
Valuation Fee	AED 2,500 per valuation
Partial Prepayment	Up to 15% of outstanding per annum free; excess at 1.00% of prepaid amount (max AED 10,000)
Early Settlement	1.00% of outstanding (max AED 10,000); nil if sale-driven
Late Payment Penalty	2.50% p.a. on overdue installments
Account Statement & NOC	AED 150 per request
Cooling-Off Period	5 working days free cancellation
Loan Rescheduling/Cancellation	AED 250 / AED 150
Takaful/Insurance Contribution	Life: 0.03%–0.05% p.a. of outstanding; Property: 0.036% p.a. of property value
Legal & Enforcement Costs	Actual solicitor-and-client charges

Documents Required

• Passport, Emirates ID, UAE residence visa (expats)
• Salary certificate or audited financial statements (self-employed)
• Last 6 months’ bank statements; liability letter
• Sales & Purchase Agreement; Title Deed/Oqood; valuation report
• Takaful proposals (Islamic financing) or insurance evidence (conventional)

Additional Info

0% Processing Fee on Buyouts: Waived when transferring existing mortgages
High Financing & Long Tenors: Up to AED 25 million over 25 years
Flexible Repayment: Annual prepayment, payment deferment, and grace periods
Rate Discounts: For salary transfer and relationship banking
Digital Convenience: Online application, e-signature, and mobile banking
Inclusive Insurance: Property and life insurance options financed within the facility
Conventional & Islamic Options: Tailored structures to suit customer preference
Dedicated Support: Relationship managers, call-center, and branch services