Can I pay my mortgage earlier?

The possibility of making overpayments on your mortgage in the UAE is contingent on the bank with which you have secured your home loan. Typically, most banks permit penalty-free overpayments of up to 20-25% of the outstanding balance immediately following the acquisition of the mortgage. However, if you have a fixed-rate mortgage, some banks may only allow overpayments after the fixed rate period has elapsed. Your mortgage broker can furnish you with additional guidance on this matter