Answers
Can I get a mortgage if I already have a car loan or personal loan?
A short answer, with the article it comes from.
The answer
Yes, but every existing repayment reduces what you can borrow. The Central Bank caps deductions for all your loans together, car loans, personal loans, cards and the new mortgage included, at 50 percent of gross salary and regular income, so the mortgage has to fit in what is left.
CBUAE Regulation 29/2011 Article 7(a); CBUAE Circular 31/2013 Article 3.1; CBUAE Consumer Protection Standards Clause 7.1.4.9; checked 2 October 2026.
Regulation 29/2011 Article 7(a) sets the limit for "all types of loans extended by banks and finance companies together, including, but not necessarily restricted to, car and private housing loans, overdraft facilities, and credit cards facilities": 50 percent of gross salary and regular income.
An example. On AED 30,000 a month, all repayments together must not exceed AED 15,000. A car loan at AED 2,500 a month leaves AED 12,500 for the mortgage, and that mortgage is tested at a rate 2 to 4 percentage points above the one you will pay, so the AED 12,500 supports a smaller loan than it would at the rate you will actually pay.
The bank must also count debts you might not think of: money owed to an employer, friends or relatives, debts on which you stand as guarantor, and court ordered payments.
Paying a loan off before applying can help, or can cost more than it gains, depending on the settlement fee and the balance. A specialist can work out which way your numbers fall.
Rules are the easy part. Your file is the question.
Wondering whether to clear a loan first? Talk to a Specialist.