UAE Mortgage Calculator
Accurately plan your mortgage with our trusted home loan EMI calculator
PROPERTY VALUE
AED
20%
AED
Minimum 20%
* Interest rates are based on global economic markets and
can change at any time
0%
3 Years Fixed
Your payable EMI
AED00%
5 Years Fixed
Your payable EMI
AED00%
Variable Rate
Your payable EMI
AED0Your monthly payable EMI will be
AED 2,751
View Closing costs
Estimated monthly payment based on 800,000 AED finance amount with a 0.25% fixed finance rate.
Disclaimer : Rates may vary based on bank policies. T&C's apply
How Our UAE Mortgage Calculator Works
Down payment
Enter the total property value and adjust the down payment percentage accordingly. Our UAE home loan EMI calculator uses this to determine your loan amount, with a minimum 20% down payment usually required.Mortgage Term
Choose your loan duration (1-25 yrs) from our UAE mortgage eligibility calculator. Shorter terms result in higher monthly payments but lower total interest. Longer terms, while easing monthly payments, will lead to higher overall interest costs.Interest Rate
The UAE mortgage loan calculator offers real-time rates, including the lowest 3- and 5-year fixed options, and factors in live EIBOR rates to ensure your EMI reflects the most current market conditions, giving you accurate monthly payment projections.UAE Mortgage Acquisition Fees
Our UAE mortgage calculator ensures complete transparency in calculating your mortgage payments, including any acquisition fees. Besides the amount required upfront, down payment amount, and total purchase costs, the following acquisition fees are also covered when using our UAE mortgage loan calculator:
- Land department fee: 4% of the property value + AED 580
admin fee - Registration trustee fee
- AED 4,000 for property above AED 500,000
- AED 2,000 for property below AED 500,000
- Mortgage registration fee: 0.25% of the loan amount + AED 10
admin fee - Commission: Typically 2% of the property value + 5% VAT
- Knowledge fee: AED 290
The following acquisition fees are not included in the final
calculation:
- Bank processing fee: Between 0.25% to 1% of the loan amount +
5% VAT - Valuation fee: Between AED 2,500 to 4,000 + 5% VAT
Insider Tips to Reduce Your EMI Payments
- Extend Maturity of Your Mortgage: If you’re under 65 at the end of your mortgage, consider stretching the term up to 25 years. This can significantly lower your monthly payments, giving you more breathing room.
- Make a Bigger Down Payment: The more you put down upfront, the less you need to borrow. This reduces your loan amount and, in turn, your EMI, easing your monthly financial load.
- Refinance Your Loan: Keep an eye on interest rates. If they drop, refinancing your mortgage could mean lower monthly payments, saving you money over time.
- Make Additional Payments: Whenever possible, put extra money towards your mortgage. Even small additional payments can help reduce the principal faster, ultimately lowering the interest you pay.
- Opt for a Fixed-Rate Mortgage: Consider locking in a low fixed rate, especially when interest rates are favourable. This way, you’ll avoid any surprises with fluctuating EMIs in the future.
