For the best home finance opportunities, UAE is the most suitable place due to stable economic conditions and strong banking services. If you are a UAE national and looking for best home finance in Dubai we would suggest you approach Dubai banks because they can guide you in a perfect way. You can get home loan services and one thing is to confirm that the credit sum will not surpass 65 percent of the estimation of the property. For outsiders, the level of credit sum for a home loan is up to the most extreme of 60 percent of the property’s estimation.

Best personal finance is pretty important as well as helpful to expatriates to meet their fundamental duties during their stay in the UAE. For an expat it is the best way to get your own property which you can call a home that is certainly yours. You can get the best and affordable packages for this purpose. Also, banks can provide you easy options to repay the loan amount through installments with a low rate interest. But all these options would be granted if an account would have a reputed credit history.

Now the next question to explore is why it is important to do home finance? Assume you are living in a flat of two rooms in Dubai like most of the outsiders do. In a capitalistic society, you need to pay an amount at the end of every month in terms of rent for your living. This is a big cut on your monthly salary or any savings you have in your account for unexpected happenings. How you can avoid yourself from this critical situation? There is only one option that is to take a personal loan service or we can say that a home finance package through a bank.

Two Major Types of Banks for a Home Finance

Presently one can take the home loan rates with two strategies – one is a fixed rate method and the other is the variable-rate method. We will talk about the two strategies in detail but the point is from where? Again two types of banks are present for such services – first is conventional banking which works on an interest rate method and second is the Islamic banking method which is a completely interest-free system. You just have to open Shariah Compliant Account. When you apply for home finance, moneylenders in the type of conventional bank or any financial institution may offer you different kinds of packages with a diverse range of interest rates.

While on the other hand if you approach an Islamic bank, they will offer you home finance or a mortgage loan with an interest-free package. Fixed home loan rates have a few important points that would be in favor of a middle-class account holder and this scheme would be appropriate for a home loan. You can deal with your financial plan with easy installments according to your requirements as you probably are aware of the interest rate. But we suggest you check the packages and offers from both types of banks and then make a choice with your required stuff.