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As a general rule of thumb, the limit is calculated at 7x the annual salary of the applicant but it also depends on the bank. If the customer already has loans, credit cards and existing liabilities, then this ultimately affects the maximum amount they can borrow.
Rates differ greatly between bank to bank and will all depend on the customer's individual profiling and whether they're salaried or self-employed.
Yes subject to individual client profiling as always. Maximum loan-to-value available for non-residents would be 60% funding with rates at this level starting from 3.89% for a 3-year fixed rate.
The Commercial Way: Dubai’s Best-Kept Investment Secret
The Commercial Way: Dubai’s Best-Kept Investment Secret
The Commercial Way: Dubai’s Best-Kept Investment Secret
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