Home loan in Dubai is something that potential homeowners look for a lot when purchasing a property in Dubai. Banks need to follow a specific arrangement of measures to offer home loans.

The home loan interest rate in Dubai can go from 2.99 to 5%. The overall trend is that the rates are lowering marginally and expected to go down further later on. Notwithstanding, things can change. If you decide on a fixed-rate, this would generally be for a very long time. From that point forward, a revision rate will apply. If you have paid a lower downpayment, the revision rate could be higher. You can get a fixed-rate offer for five years as well. In any case, that rate would be on the higher side, typically near 5%.

Another choice for home loan borrowers in Dubai is to look at a variable home loan interest rate. It is interesting to anticipate the total money you need to pay over the long run. Precise planning is practically impossible. However, if you have a sound knowledge of the market and know that interest rates are probably going to go down, later on, variable interest rates would mean you will pay less. However, one should consider the worst-case situation as well.

MoneyDila is one of the leading money lenders in UAE who offers a home loan at the best home loan interest rate compared to other financial institutions. It compares and evaluates the financial products for you. They always focus on detail, transparency, and quality. There is a team of experts who are well qualified and empowered to delivering work on time. Moreover, you can use the loan calculator Dubai to check the eligibility of getting the loan.