What is an offset mortgage and how does it work in the UAE?

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An offset mortgage links your savings to your loan. You pay interest only on the loan minus your savings.

Example: AED 200,000 in savings on a AED 1.5 million loan means you pay interest on AED 1.3 million.

Rates are usually slightly higher, so it suits people who keep large balances.

Related: Offset calculator

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