Can I pay off my UAE mortgage early?
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Answer: Yes. Early settlement fees are capped UAE-wide at 1% of the outstanding balance or AED 10,000, whichever is lower. Most banks also allow partial overpayments each year — commonly 20–30% of the balance.
That cap is what makes switching banks viable: even settling a large balance costs at most AED 10,000, which a sharper rate can recoup within months.
How Mortgease helps
- We confirm how this applies to your profile across 15+ UAE banks — free, commission-free.
- Verified pricing, not poster rates: see the live rate table and the UAE Rate Index.
- Pre-approval typically within 24 hours.
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