Are there any penalties for settling my mortgage early?
In general most banks will charge a penalty for settling the mortgage early, but this will vary from one back to another.
In most cases the penalty will range from 0% – 3% of the outstanding mortgage balance but this will depend on whether the mortgage is being repaid by your own funds, being sold or being refinanced by another bank.
Explore FAQs categories
Our partners include some of the largest financial institutions in the UAE
- Emirates NBD
- Mashreq
- Standard Chartered
- Natwest
- HSBC
- Rakbank
- Fab - First Abu Dhabi Bank
- ADCB
- Arab Bank
Need more help?
Call us now
+971 4 248 2 333
Our team of brokers can help with all of your home loan and commercial finance needs