Union National Bank Rent Loan

Union National Bank
Rent Loan

Salary Transfer Required?
yes
Minimum Monthly Salary
AED 10,0000
Fixed Rate
4.96%
Reducing Rate
9%
Max Loan Amount
AED 00
Salary Transfer Required? yes
Minimum Monthly Salary AED 10,0000
Fixed Rate 4.96%
Reducing Rate 9%
Max Loan Amount AED 00

Top Reasons To Choose

  • Can apply within 60 days of tenancy contract start

Having to pay your landlord your year’s rent in one, two or even more cheques is a big financial challenge. But with our Rent Loan, we take the pressure off: we’ll keep your commitment to your landlord, while you repay us each month in a manageable installment. All you need to do is present us with your tenancy contract.

Documents Required

  • Tenancy contract of annual rental value from landlord Signed and completed application form and loan proposal form
  • Colour passport photo of applicant
  • Passport copies (yours and your co-owner/guarantor’s) with valid residence visas for expats
  • UAE National ID card if applicable
  • Labour card/employer ID card
  • UAE utility bill or tenancy contract as proof of address
  • Valid salary certificate
  • Last 3 months’ pay slips
  • Last 6 months’ bank statements

Eligibility

  • Earning at least AED 10,000 per month
  • A UAE National or UAE resident
  • At least 25 years old at time of application
  • No older than 60 at loan maturity
  • Employed at your current employer for at least 1 year at a UNB listed company, or 3 years at a non-UNB listed company

Detailed Features

  • Interest rates starting at 9% per annum
  • A loan to cover a full year’s rent on your UAE residence of choice
  • Manageable monthly installments
  • If your tenancy period has already started, you have a grace of 60 days to apply for a UNB Rent Loan. For example, if your tenancy started on 1st of January, you have until the end of February to apply for this loan. We’ll reimburse you any rent you’ve already paid to your landlord. Going forward, we’ll make all the payments directly to your landlord.

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