Frequently Asked Questions
Is it possible to use a personal loan for a house down payment in the UAE?
According to UAE Central Bank regulations, you are not allowed to use a personal loan to fund your house down payment. The upfront payment required when buying a property must come from your own savings or funds, not borrowed money.
However, you are allowed to take a personal loan for other expenses related to the property purchase, such as registration, valuation, or legal fees.
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