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General Finance Discuss general personal finance issues and home accounting not covered on the other finance boards.

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Old 10-27-2017, 02:47 AM
Aarifanatt Aarifanatt is offline
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Default I want to construct a house and need a loan for it. Will I get it from a bank?

I want to construct a house and need a loan for it. Will I get it from a bank?
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Old 11-01-2017, 07:48 AM
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Narineaarif Narineaarif is offline
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Default Re: I want to construct a house and need a loan for it. Will I get it from a bank?

Yes, most banks in UAE offer house construction loan under Islamic finance. Usually, they give 80% of the current market value of your selected property. Once the house is complete property is leased back to you.
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