UAE Mortgage Calculator

Prosper’s reliable home loan EMI calculator is designed to give you accurate estimates, simplifying the process of budgeting for your dream home.

Mortgage Type

Residential Status

Financial Status

Property Price

Down Payment

20%

Loan Duration

25 Years

Finance Rate

0%

3 Years Fixed

0%

5 Years Fixed

0%

Variable Rate

Your interest rate remains fixed for the first 5 years, then may convert to a variable rate.

Loan amount

960,000

Your EMI Will Be

0/Month

Finance rate from %

Estimated monthly payment based on a960,000 finance amount with a % fixed finance rate for the entire duration of the loan

Disclaimer : Rate may vary based on bank policy

How Our Home Loan UAE Calculator Works

Down payment

Enter the property price and select the down payment percentage. Prosper’s home loan calculator for Dubai and the other emirates calculates the loan amount based on your input, with a minimum 20% down payment required in most cases.

Mortgage Term

Choose a repayment period between 1-25 years using our mortgage eligibility calculator UAE. While shorter terms lead to higher EMIs but lower overall interest, longer terms ease monthly payments but increase total interest costs.

Interest Rate

Our mortgage loan calculator UAE provides accurate monthly payments by factoring in current rates, including 3-year and 5-year fixed options and real-time EIBOR rates. This ensures your calculations reflect up-to-date market conditions.

Acquisition Fees For Mortgages in UAE

Prosper’s home loan calculator includes all essential fees to ensure you’re fully informed. Alongside your down payment and property cost, the following acquisition fees are calculated

  1. 1

    Land Department Fee: 4% of the property value +   580 admin fee

  2. 2

    Registration Trustee Fee:

    • 1.   4,000 for properties over   500,000
    • 2.   2,000 for properties under   500,000

  3. 3

    Mortgage Registration Fee: 0.25% of the loan amount +   10 admin fee

  4. 4

    Brokerage Commission: 2% of the property value + 5% VAT

  5. 5

    Knowledge Fee:   290

Fees Not Included in the Calculator:

  1. 1

    Bank Processing Fee: 0.25%–1% of the loan amount + 5% VAT

  2. 2

    Valuation Fee:   2,500–4,000 + 5% VAT

Expert Tips to Reduce Your EMI Payments

Extend Your Loan Term

If eligible, consider extending your mortgage term to 25 years. This reduces your monthly payments, giving you more room to manage your finances.

Increase Your Down Payment

A larger upfront payment decreases the total loan amount. This directly reduces your EMI, making monthly payments more manageable

Refinance Your Mortgage

Monitor interest rates regularly to spot opportunities for refinancing. A lower rate can lead to substantial savings on your monthly payments

Make Extra Payments

Additional payments toward your principal reduce the loan balance faster. This not only saves on interest but also shortens the loan term.

Opt for a Fixed Rate

A fixed-rate mortgage locks in a consistent interest rate for the term. This protects you from fluctuations and ensures predictable monthly payments.

Faq

Related Topics

New mortgage

Non-resident mortgage

Mortgage buyout

Handover payment

Equity release

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