Government housing program

Own the home you always wanted with the Sheikh Zayed Housing Programme

Open doors to a new home that’s perfect for you and your loved ones. Finance your home from Sheikh Zayed Housing Programme with Emirates NBD and benefit from exclusive offers for a limited time.

0% interest on loan amounts up to AED 800,000

Zero Processing Fee and Discounted valuation fee

Optional Life insurance

Apply now

Key benefits and highlights

Exclusively for UAE Nationals approved by Sheikh Zayed Housing Program
Salary transfer is not mandatory for this Emirati home loan
Additional finance amount (up to AED 800,000) is available, subject to customer eligibility
Finance available for:
- Ready property from SZHP
- Ready property from developer or secondary market
- Self-Construction
- Dedicated and faster processing
- Simple valuation in one visit

I want to borrow

AED 250,000 AED 5,000,000

12 Months 300 Months

You can borrow AED {0} Home Loan

with monthly payments as low as

AED

Tentative rate:7.24% p.a. (reducing)
Rates and benefits will be applicable based on the customers segment, eligibility and borrowing capacity as per the banks credit policy and central bank regulation.
Linked to1-month EIBOR + 1.79% per annum reducing balance. Reference Rate is calculated based on EIBOR rate as of 02^nd April 2024.Rate applicable will be calculated based on the current rate of EIBOR as on the date of loan disbursal.

Required Documents

Documentation for UAE Nationals - Pre-Approval Stage

Salaried
- Valid Passport & Emirates ID
- Valid Salary Certificate
- 6 months payslips if variance more than 10%
- 6 months bank statements for all Non EmiratesNBD customers
- Application form along with information disclosure form
Self-Employed
- Valid Passport & Emirates ID
- 6 months bank statements for all Non EmiratesNBD customers
- Application form along with information disclosure form
- Latest 2 years’ Audited financials of company
- VAT registration certificate
- Latest 6 months’ VAT returns and VAT payment receipts
- Valid Trade License of company with shareholder details
- MOA and AOA of company

Documentation for UAE Nationals – Valuation Stage

Ready Property
- Title Deed
Self-Construction
- Cost of construction and Bill of Quantities

Documentation for UAE Nationals – (Final Approval Stage)

Ready property purchase - From secondary market
- Seller details along with confirmation of property being under mortgage
Ready property Purchase - Direct from Developer
- Title Deed
- Sale & Purchase agreement
- Latest Statement of Account (SOA)
Self-Construction
- Valid passport & Emirates ID
- Original Affection Plan/Search Certificate or original Title Deed of Property accompanies by (the Mortgage deed for the property, if applicable)
- Technical Evaluation Report
- Workers Insurance
- Registered Mortgage Deed
- Building permit & Demarcation Certificate
- Contractor's Trade license

Documentation for UAE Nationals - Pre-Approval Stage

Salaried
- Valid Passport & Emirates ID
- Valid Salary Certificate
- 6 months payslips if variance more than 10%
- 6 months bank statements for all Non EmiratesNBD customers
- Application form along with information disclosure form
Self-Employed
- Valid Passport & Emirates ID
- 6 months bank statements for all Non EmiratesNBD customers
- Application form along with information disclosure form
- Latest 2 years’ Audited financials of company
- VAT registration certificate
- Latest 6 months’ VAT returns and VAT payment receipts
- Valid Trade License of company with shareholder details
- MOA and AOA of company

Documentation for UAE Nationals – Valuation Stage

Ready Property
- Title Deed
Self-Construction
- Cost of construction and Bill of Quantities

Documentation for UAE Nationals – (Final Approval Stage)

Ready property purchase - From secondary market
- Seller details along with confirmation of property being under mortgage
Ready property Purchase - Direct from Developer
- Title Deed
- Sale & Purchase agreement
- Latest Statement of Account (SOA)
Self-Construction
- Valid passport & Emirates ID
- Original Affection Plan/Search Certificate or original Title Deed of Property accompanies by (the Mortgage deed for the property, if applicable)
- Technical Evaluation Report
- Workers Insurance
- Registered Mortgage Deed
- Building permit & Demarcation Certificate
- Contractor's Trade license

Getting started

What is Sheikh Zayed Housing Program (SZHP)?

The Sheikh Zayed Housing Program is a government initiative aimed at providing affordable housing solutions to eligible customers.

Who is eligible for a home loan under this programme?

The programme is exclusive for UAE Nationals as per the list that SZHP provides to Emirates NBD.

What are the benefits of obtaining a home loan through Emirates NBD under this program?

Emirates NBD offers interest free for maximum finance amount of AED 800,000 and competitive interest rates flexible repayment options and personalized assistance throughout the loan process.

Do I have to transfer my salary to ENBD to apply?

No, a salary transfer is not mandatory. However, you are encouraged to transfer your salary to Emirates NBD if you intend to avail other benefits, we offer to the UAE national segment.

What is the loan finance available?

The maximum home finance amount available is AED 800,000 (interest free - at a interest rate subsidized by SZHP). If you require an additional finance amount, subject to your eligibility, the financing will be provided based on a special competitive commercial rate.

What is the loan tenor available for home loan under this programme?

The maximum finance tenor is 25 years.

At what rate is the financing provided?

The financing of the AED 800,000 amount is interest free for the customer. Any additional amount required will be given back on your eligibility and on a special competitive commercial rate.

What type of properties can be financed under this programme?

Financing is provided for both self-construction and ready property projects as follows:

Ready property finance – developed by SZHP
Ready property finance – developer or secondary market in the UAE
Self-construction finance – on own or gifted plot

What payments and additional fees I need to make on the finance property?

In case of ready property purchase, you will pay a down payment of minimum of 15% of the additional finance value take over and above the grant amount of AED 800,000.
There is no processing fees.
Valuation fees are AED 6000 for self-construction and AED 3,000 for ready property, including VAT.

Can I apply for home loan insurance through ENBD?

Yes, we offer home loan insurance options to protect your investment. Property insurance is complementary and life insurance is optional. Our team can provide details on available policies.

What is Sheikh Zayed Housing Program (SZHP)?

The Sheikh Zayed Housing Program is a government initiative aimed at providing affordable housing solutions to eligible customers.

Who is eligible for a home loan under this programme?

The programme is exclusive for UAE Nationals as per the list that SZHP provides to Emirates NBD.

What are the benefits of obtaining a home loan through Emirates NBD under this program?

Emirates NBD offers interest free for maximum finance amount of AED 800,000 and competitive interest rates flexible repayment options and personalized assistance throughout the loan process.

Do I have to transfer my salary to ENBD to apply?

No, a salary transfer is not mandatory. However, you are encouraged to transfer your salary to Emirates NBD if you intend to avail other benefits, we offer to the UAE national segment.

What is the loan finance available?

What is the loan tenor available for home loan under this programme?

The maximum finance tenor is 25 years.

At what rate is the financing provided?

The financing of the AED 800,000 amount is interest free for the customer. Any additional amount required will be given back on your eligibility and on a special competitive commercial rate.

What type of properties can be financed under this programme?

Financing is provided for both self-construction and ready property projects as follows:

Ready property finance – developed by SZHP
Ready property finance – developer or secondary market in the UAE
Self-construction finance – on own or gifted plot

What payments and additional fees I need to make on the finance property?

In case of ready property purchase, you will pay a down payment of minimum of 15% of the additional finance value take over and above the grant amount of AED 800,000.
There is no processing fees.
Valuation fees are AED 6000 for self-construction and AED 3,000 for ready property, including VAT.

Can I apply for home loan insurance through ENBD?

Yes, we offer home loan insurance options to protect your investment. Property insurance is complementary and life insurance is optional. Our team can provide details on available policies.

Can I make partial or early repayments on my Home loan without penalties?

Yes, SZHP home loan product allows for partial or early repayments without penalties. Please check the loan agreement for specific terms.

What happens if I miss an EMI payment?

Missing EMI payments may result in penalties or affect your credit score. It is essential to communicate with our bank if you encounter financial difficulties.

How can I apply for a home loan under the Sheikh Zayed Housing Program through Emirates NBD?

You may call our call center at 600 54 0000 or visit the nearest Branch located in your area. We encourage you to submit you query through the application form available in our website.

How does the application process work?

The process involves document verification, credit assessment, property appraisal/evaluation, and final approval. Our team will assist you at every step.

How can I check the status of my home loan application?

You may reach out to your mortgage advisor as well as you will be notified through SMS/Email about the status of your application through the whole process.

What documents do I need to submit when applying for a home loan?

Refer to the customer document requirements in the webpage

How long does it take for home loan to get approved?

7 to 10 working days provided that you provide all the documents required

Can I transfer my existing home loan from another bank to Emirates NBD?

For free hold it is permissible. However, for granted land, it is subject to the relevant authorities’ approvals.

What happens in case of changes in interest rates during my home loan tenure?

The margin on the loan remains unchanged. However, the variable component (EIBOR) change based on the prevailing market rate. This only apply to the over and above AED 800,000 finance amount.