U.A.E. Cracks Down on Misuse of Home Loans to Limit Risks From Property Slump

U.A.E. Cracks Down on Misuse of Home Loans to Limit Risks From Property Slump

Cracks Down on Misuse of Home Loans to Limit Risks From Property Slump. Central bank tells lenders to stop unacceptable practices. The United Arab Emirates is cracking down on the misuse of home loans to prevent risky borrowing as an ongoing property slump weighs on banks.. Lenders shouldnâ t provide personal loans for longer than four years and lenders â must not take private houses as securityâ for this type of borrowing, it said..