Mortgage Calculator Dubai, UAE
Appoximate Monthly Cost 123AED
Land Department Fee
AED 8000
Registration Fee
AED 8000
Mortgage Registration
AED 8000
Estate Agency Fee
AED 8000
Valuation
AED 8000
Total Purchase Cost
AED 8000
Down payment
AED 8000
Required Upfront
AED 8000
Loan Amount
AED 8000
Processing Fee
AED 8000
Total Intrest Amount
AED 8000
Total Amount Payable
AED 8000
Things to check before getting a home loan in Dubai
- Understand interest rates and pick the right one.
- Apart from loan amount and interest rates, compare fees & charges like arrangement fees, early settlement fees, etc.
- Get pre-approval before making down payment.
- Don’t put all the savings on the down payment.
- Make sure you have enough money for additional costs like registration fees, land department fees, etc.
- Don’t skip home insurance.
- Use a home loan calculator and calculate your approximate monthly installments.
How to check your affordability for a house in Dubai?
- Check whether you can afford 20%-25% of the property value as down payment.
- Check do you have enough funds to bear additional expenses.
- Check your DBR. It should be less than 40%.
- Check do you have a good credit score, that should be above 700.
Tips for first-time home buyers in Dubai
- Make sure you can afford 20%-25% down payment.
- Banks don’t provide loan for additional fees.
- Save for processing fees.
- Don’t get a house for more than what you afford.
- Check the interest rates properly.
- Get pre-approval before the property hunt.
Why you should calculate your home mortgage?
In the UAE, the maximum tenure provided for a home mortgage is 25 years. To make payments for so long planning in prior is necessary. This clearly explains why it is important to calculate the home mortgage before getting it.
- Get approximate monthly costs.
- Plan monthly expenses beforehand.
- Know how much downpayment is required.
- Understand how long it will take to repay the loan.
- Compare different home loan products interest rates.
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Interest Rate
Loan Amount
Reducing Rate
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Interest/Profit Rate
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Advantages
- Free mastercard credit card
- 5% cashback on the credit card
- Upgrade to premium banking
Features
- Mortgage Finance is provided at a fixed interest rate of 2.58%
- Minimum salary of AED 25000 is required
- Mortgage Finance is provided at a reducing interest rate of 4.5%
Features
- This follows shariah principles
- Both UAE Nationals and Expats are eligible
- Minimum salary of AED 25000 is required
- Mortgage Finance is provided at a fixed interest rate of 2.58%
- Mortgage Finance is provided at a reducing interest rate of 4.5%
- Maximum loan amount provided is AED 10000000
- Property and Life insurance is mandatory
- 1% of the total loan amount is charged as processing fees
- The loan is provided for a maximum tenure of 25 years
- 20% of the property value should be paid as the down payment
- 1% of outstanding loan amount is charged on early settlement of the loan
- Provides customized solutions according to the needs of a customer
Upgrade to premium banking
Provides life and property insurance at competitive rates
Complimentary World Mastercard Credit Card
Can get 5% cashback on the usage of the free credit card
Competitive interest rates
Advantages
- 0% processing fees
- Salary transfer is not required
- Can add a co-applicant to improve eligibility
Features
- Provides high loan amounts
- Both self-employed and salaried individuals are eligible
- Age limit of 20-70 years are eligible
Features
- Provides high loan amounts
- Both self-employed and salaried individuals are eligible
- Age limit of 20-70 years are eligible
- Minimum salary of AED 7000 is required
- The flat interest rate on this loan is 1.79%
- The reducing interest rate of this finance is 3.24%
- The loan is provided on the maximum tenure of 25 years
- No processing fees are charged
- Maximum finance of AED 50000000 is provided
- Down payment of 20% is required
- 1% of the total loan amount is charged as early settlement fees
- 80% of property value is provided as loan amount on
0% of processing fees are charged
Salary transfer to DIB account is not mandatory
Provides loan for both residential and commercial property
Islamic insurance is offered
Very low-profit rates
Can add a co-applicant to increase the chance of eligibility
Features
- Ready Villas or apartments registrable with Lands department
- Age limit to apply for the loan for UAE Nationals between 21 and 65 years of age (at the time of loan maturity) and for Expats between 21 and 60 years of age (at the time of loan maturity)
- For the salaried individual minimum length of service of 6 months is required and for the self-employed individual Minimum length of 3 years in business
Features
- Ready Villas or apartments registrable with Lands department
- Age limit to apply for the loan for UAE Nationals between 21 and 65 years of age (at the time of loan maturity) and for Expats between 21 and 60 years of age (at the time of loan maturity)
- For the salaried individual minimum length of service of 6 months is required and for the self-employed individual Minimum length of 3 years in business
- For salaried individuals 3 months bank statement is required and for self-employed individuals, original 12 months company and personal bank statement is required to be submitted
- Minimum salary of AED 20,000 is required
- The mortgage loan is provided at an interest rate of 3.99%
- The reduction rate is 3.99%
- It is not mandatory to transfer your salary
- It is mandatory to have Life and Property Insurance before applying for this finance
- Finance up to AED 10,000,000
- Required to put 25% down payment for this finance
- The early settlement fee is 1% of the outstanding amount to date
- The reduction rate and the flat rate is 3.99% and 2.2%. This denotes that the computation done was a division of the reduction rate by 1.813.
- Loan available to both salaried and self-employed individuals
Finance for ready villas and apartments
Finance repayment period of up to 20 years for expats
Deferment facility - Max 2 times a year without any additional profit
Competitive profit rates
0% processing fees on buyouts
Release cash against your fully paid property.
Advantages
- Avail buyout loan facility
- Low processing fees on salary transfer
- Salary transfer is optional
Features
- Home Finance is provided at a fixed interest rate of 1.79%
- Minimum salary of AED 20000 is required
- Home Finance is provided on a reducing interest rate of 3.29%
Features
- Follows both conventional and Islamic banking principles
- Both self-employed and salaried expats are eligible
- Minimum salary of AED 20000 is required
- Home Finance is provided at a fixed interest rate of 1.79%
- Home Finance is provided on a reducing interest rate of 3.29%
- Salary transfer to United Arab Bank account is optional
- Maximum loan amount provided is AED 10000000
- Life and property insurance is required
- 1% of the total loan amount is charged as processing fees
- The loan is provided for a maximum tenure of 25 years
- 20% of the property value should be paid as the down payment
- 1% of outstanding loan amount is charged on early settlement
- Low-interest rates
Salary transfer is not mandatory but provides additional benefits for transferring your salary
Low processing fees on salary transfer
Can avail buyout loan facility
Competitive insurance rates
Quick processing of loan
Advantages
- Property insurance is not mandatory
- Salary transfer is not compulsory
- Free credit card
Features
- Home Finance is provided at a fixed interest rate of 3.85%
- Minimum salary of AED 15000 is required
- Home Finance is provided on a reducing interest rate of 6.99%
Features
- Expats from Jordan, Palestine, and Lebanon are eligible
- Minimum salary of AED 15000 is required
- Home Finance is provided at a fixed interest rate of 3.85%
- Home Finance is provided on a reducing interest rate of 6.99%
- Salary transfer to Arab Bank account is not required
- Maximum loan amount provided is USD 500,000
- Getting your property insured is not mandatory
- 1% of the total loan amount is charged as processing fees
- The loan is provided for a maximum tenure of 20 years
- 25% of the property value should be paid as the down payment
- 2% of outstanding loan amount is charged on early settlement
- Provides good customer assistance
Salary transfer is optional
Provides finance to purchase a property in Jordan, Palestine, and Lebanon
Complimentary Credit Card is provided
Quick processing
Competitive insurance rates
Advantages
- Salary transfer is not mandatory
- Get pre approval
- Can avail buyout facility
Features
- Home Finance is provided at a fixed interest rate of 4%
- Minimum salary of AED 15000 is required
- Home Finance is provided on a reducing interest rate of 7.25%
Features
- Follows Islamic banking principles
- Minimum salary of AED 15000 is required
- Home Finance is provided at a fixed interest rate of 4%
- Home Finance is provided on a reducing interest rate of 7.25%
- Salary transfer is optional
- Maximum loan amount provided is AED 250,000
- 1% of the total loan amount is charged as processing fees
- The loan is provided for a maximum tenure of 25 years
- 20% of the property value should be paid as the down payment
- Provides loan for both commercial and residential properties 1% of outstanding loan amount is charged on early settlement
- Follows Islamic banking laws
No salary transfer is required
Low-profit rates
Can get pre-approval details
Provides loan for commercial properties also
Buyout loan facility is available
Quick and hassle free documentation
- Minimum salary of AED 20000 is required
- Home Finance is provided at a fixed interest rate of 2.2%
- Home Finance is provided on a reducing interest rate of 3.99%
- You are required to transfer your income to Emirates NBD for this finance.
- The loan is provided for a maximum tenure of 25 years
- Both life insurance and property insurance is mandatory
- 1% of the total loan amount is charged as processing fees
- Maximum loan amount provided is AED 15000000
- 20% of the property value should be paid as the down payment
- 1% of outstanding loan amount is charged on early settlement
- High finance is provided
Self-employed individuals are eligible
Low down payment requirement
Low rates on property insurance and life insurance
Can know the approved loan amount details in prior
Very quick loan approval
Advantages
- Get pre-approved facility
- Low insurance charges
- High finance
Features
- Home Finance is provided at a fixed interest rate of 2.2%
- Minimum salary of AED 10000 is required
- Home Finance is provided on a reducing interest rate of 3.99%
Features
- Approval In principle is provided
- Minimum salary of AED 10000 is required
- Home Finance is provided at a fixed interest rate of 2.2%
- Home Finance is provided on a reducing interest rate of 3.99%
- Salary transfer to Emirates NBD account is not required
- The loan is provided for a maximum tenure of 25 years
- Both life insurance and property insurance is mandatory
- 1% of the total loan amount is charged as processing fees
- Maximum loan amount provided is AED 15000000
- 20% of the property value should be paid as the down payment
- 1% of outstanding loan amount is charged on early settlement
- High finance is provided
Low down payment requirement
Low rates on property insurance and life insurance
Can know the approved loan amount in prior
Salary transfer is not mandatory
Hassle free documentation
Features
- For salaried people between 21 and 65 years of age are eligible to apply for this scheme
- For self-employed people between 21 and 70 years of age(at loan maturity) are eligible to apply for this scheme
- For the salaried individual minimum length of service of 6 months is required and for self-employed individual minimum work experience of 3 years in business
Features
- For salaried people between 21 and 65 years of age are eligible to apply for this scheme
- For self-employed people between 21 and 70 years of age(at loan maturity) are eligible to apply for this scheme
- For the salaried individual minimum length of service of 6 months is required and for self-employed individual minimum work experience of 3 years in business
- For salaried individuals 3 months bank statement is required and for self-employed individuals, original 12 months company and personal bank statement is required to be submitted
- Minimum salary of AED 20,000 is required
- Provides financing at an interest rate of 3.99%
- The reduction rate and the flat rate is 3.99% and 2.2%. This denotes that the computation done was a division of the reduction rate by 1.813.
- Finance up to AED 15,000,000
- Required to put 20% down payment for this finance
- Early settlement fee is 1% of the outstanding loan amount
- Refinance your ready property to get easy access to liquidity
Can invest in under construction property
You get repayment period up to 25 years
You get to repay up to 15% of your Outstanding loan every year without paying any additional charges or fees
You get dedicated Staff to assist you further
0% processing fee on Buyouts
Advantages
- Salary transfer is not mandatory
- High benefits on salary transfer
- Low/no partial settlement fees
Features
- Both salaried and self-employed individuals are eligible
- Minimum turnover of AED 2 Million is required for self-employed individuals
- Minimum age of 21 yrs is required
Features
- Both salaried and self-employed individuals are eligible
- Minimum turnover of AED 2 Million is required for self-employed individuals
- Minimum age of 21 yrs is required
- Additional earnings must be verified
- Minimum length of service of 3 months(UAE Nationals) and 6 months(Expats) is required, salaried individuals
- Follows takaful laws
- Minimum salary of AED 10000 is required for salaried individuals
- The finance is provided at a flat rate of 2.06%
- The finance is provided at a reducing rate of 3.75%
- Salary transfer is not required. But additional benefits are provided on the salary transfer
- Maximum tenure of 25 years is provided
- Insurance is provided
- 0% processing fees
- Maximum finance of AED 20000000 is provided
- Down payment of 20% of the property value is required
- The early settlement fees are 1% of the approved loan amount
- Additionals benefits like ADIB Priority status, finance for additional costs are provided
Can add a joint account holder
Buyout loan facility is available
A grace period of 6 months is provided for salaried individuals
No processing fees