Home Loan offered by Union National Bank in the UAE
Home loans offered by Union National Bank can really turn dream of purchasing a home in the UAE into reality. Union National Bank Home Loans are particularly designed to meet your individual needs when it comes to purchase a property in the UAE. Union National Bank offers attractive rates of interest on home loans.
Features of Union National Bank Home Loan
The features of Union National Bank Home Loan include:
- Home loan offered by Union National Bank can be availed by both UAE nationals and expatriates.
- The bank provides home loans for both self-employed and salaried professionals.
- The bank charges lower and competitive rates of interest that starts from 3.99% onwards.
- Enjoy flexible home loan repayment tenures that extend up to 25 years.
- The UAE nationals can get home loans up to 80% of the property value. For expatriates, the bank offers 75% of the property value.
- The bank offers home loans for buying residential properties in Abu Dhabi and Dubai.
Benefits of Union National Bank Home Loan
The home loans offered by Union National Bank enable you to enjoy the following benefits:
- Get high loan amounts to fund your property.
- Quick home loan processing with minimal documentation.
- Get fast approval on your home loan.
Eligibility Criteria for Union National Bank Home Loan
Union National Bank grants home loans at its sole discretion. You need to fulfil the following eligibility criteria to be eligible for its home loan:
- Both UAE nationals and expats are eligible for applying for home loans with Union National Bank.
- Both salaried and self-employed individuals can apply for Union Bank Home Loans.
Documentation Required for Union National Bank Home Loan
Union National Bank may request you to furnish the following documents with your home loan application form:
- Copy of Passport.
- Address proof.
- Identity proof.
- Copy of sales agreement.
- Last salary slips/certificates.
- Recent bank statements.
- Property ownership certificate.
- Down payment proof.
Fees & Charges for Union National Bank Home Loan
Union National Bank may change its fees and charges on home loan without giving you any prior notification.
Other products offered by the Union National Bank in the UAE are:
Why choose Union National Bank Home Loan?
There are a number of reasons why you should opt for home loans offered by Union National Bank. Not only, the bank offers attractive and lower rates of interest on home loans, it also offers flexible repayment tenures to repay your home loan. Without taking any financial pressure, you can pay off your home loan in a relaxed manner within 25 years. Besides, the home loans offered by Union National Bank can be availed by self –employed professionals as well. Apart from offering home loans, Union National Bank also offers a number other financial services and products such as Credit Cards, Loans, Accounts, Bancassurance, Savings Schemes to name a few. Established in 1982, Union National Bank is one of the major domestic banks in the UAE. Union National Bank is headquartered in Abu Dhabi.
Frequently Asked Questions - FAQs
Does Union National Bank offer home loan for expats?
If I am a UAE national, how much amount am I eligible to receive from Union National Bank as home loan?
What is the rate of interest Union National Bank charges on home loans?
Within how many years, do I need to repay my home loan taken from Union National Bank?
Does Union National Bank offer home loans for self-employed individuals?
How much amount does Union National Bank offer to expats as home loan?
What are the locations where I can purchase property by using Union National Bank Home Loan?
Yes, the bank offers home loans for expats.
You will receive 80% of your property value, if you are a UAE national. However, you need to meet the eligibility criteria determined by the bank for it.
The bank charges as low as 3.99% on home loans.
You can repay your home loan taken from Union National Bank within 25 years.
Yes, Union National Bank offers home loans for self-employed individuals also.
The bank offers 75% of the property value to an expat.
You can purchase properties in Abu Dhabi and Dubai by using Union National Bank Home Loans.
News about Union National Bank Home Loan in the UAE
United National Bank concludes term loan facility at $750 million
United National Bank recently concluded a three year term loan facility at $750 million. The bank has sought a few other banks such as Commerzbank, FGB, HSBC Bank Middle East, National Bank of Abu Dhabi and Standard Chartered to arrange the facility for $500 million. But in a recent statement, United National Bank confirmed that the facility has been oversubscribed and finalised at $750 million.
09th October 2015