Interest rate selection dictates your monthly home loan repayment for years to come. In the UAE, variable mortgage rates are directly pegged to the 3-Month EIBOR (Emirates Interbank Offered Rate) plus the bank’s fixed profit margin.
How Bank Pricing Models Work
Fixed Rate Period (1, 2, 3, or 5 Years)
Guarantees an unchanging interest rate and exact monthly payment for the initial fixed term, protecting you from global central bank rate hikes.
Post-Fixed / Variable Rate (EIBOR + Bank Margin)
Once the fixed period ends, your rate converts automatically to 3-Month EIBOR + Bank Margin (typically 1.5% to 2.25%), fluctuating quarterly.
Compare Fixed & EIBOR Rates on AskTaskers
Find the lowest bank margins. Post your mortgage enquiry on AskTaskers to compare fixed vs variable options across top banks.
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