What credit score is needed to get a mortgage in the UAE?
In the UAE, there is no single minimum credit score required by every bank for a mortgage, but lenders generally prefer applicants with a good Al Etihad Credit Bureau (AECB) credit score, typically around 650 or higher. A higher score can improve your chances of approval and may help you secure better mortgage terms and interest rates. Banks also consider other factors, including your income, employment stability, existing debts, debt-to-income ratio, down payment, and overall repayment history. Before applying for a mortgage, it is advisable to check your AECB credit report, correct any errors, and reduce outstanding debts to strengthen your application.
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Category: Finance