How to use this calculator
Enter the Property Value (AED):
- Enter the total price of the property you wish to buy in AED (Arab Emirates Dirhams). This is the purchase price before any down payment.
Enter the Down Payment Percentage:
- Input the percentage of the property value that you are paying upfront as a down payment.
- For properties below AED 5 million, the minimum down payment is 20%.
- For properties of AED 5 million or more, the minimum down payment is 30%.
Enter the Loan Term (in years):
- Specify the duration of your loan. This is the number of years over which you will repay the loan. Most loans are typically offered for 15, 20, or 30 years.
Enter the Annual Interest Rate:
- Provide the interest rate that applies to your loan. This is the annual percentage rate (APR) at which the lender will charge you interest on the loan amount.
Click 'Calculate'
Mortgage Calculator
Home Mortgage Calculator
Total Summary
| The Property Price Is (AED) | AED 0 |
| I Will Put Down A Payment Of (AED) | AED 2,000,000 |
| And Would Like A Mortgage Period (Years) | 1 Year |
| Annual Interest Rate | 3% |
| Monthly Payment | AED 0.00 |
Finding the ideal Mortgage Calculator In UAE can be difficult, regardless of whether you’re refinancing an existing mortgage or purchasing a new property.
To calculate what amount your monthly mortgage payment will be, use our free mortgage calculator. We will look after everything else.
Keep in mind that these are rough estimates, and actual figures may differ based on the bank.
What is the difference between Fixed and Variable Mortgage Interest Rates?
A home loan with a fixed interest rate for the duration of the loan is referred to as a fixed-rate mortgage. This indicates that the interest rate associated with the mortgage will remain the same throughout.
Unlike a fixed-rate mortgage, the interest rate on a variable-rate mortgage remains variable during the repayment period. This means that the interest rate on this type of mortgage depends on fluctuations in the Emirates Interbank Offered Rate (EIBOR). The interest rate is calculated as fixed for an agreed-upon length of time, and then it is calculated as the variable interest rate.
What is the difference between Fixed and Variable Mortgage Interest Rates?
A home loan with a fixed interest rate for the duration of the loan is referred to as a fixed-rate mortgage. This indicates that the interest rate associated with the mortgage will remain the same throughout.
Unlike a fixed-rate mortgage, the interest rate on a variable-rate mortgage remains variable during the repayment period. This means that the interest rate on this type of mortgage depends on fluctuations in the Emirates Interbank Offered Rate (EIBOR). The interest rate is calculated as fixed for an agreed-upon length of time, and then it is calculated as the variable interest rate.