Mortgage Calculator UAE - Calculate Your Home Loan EMI

The calculator provides estimates using market average rates. For accurate rates specific to your situation, apply to compare offers from 18+ UAE banks. Your actual rate depends on your nationality, credit score, employment status, down payment amount, and property type. The calculator is excellent for budgeting and planning, but personalized quotes give you exact numbers.

Current market rates range from 3.5% to 4.5% depending on your profile. UAE Nationals typically get 3.49-4.25%, Expat Residents get 3.75-4.50%, and Non-Residents get 4.25-4.75%. Use 4% as a middle estimate, but apply now to get your personalized rate from multiple banks for accurate planning.

The monthly EMI (Equated Monthly Installment) includes principal repayment and interest charges only. Additional costs not included: property insurance (typically AED 800-2,000 annually), life insurance (if required), maintenance fees for apartments, and property registration fees. Calculate these separately to determine your total monthly housing cost.

Down payment requirements vary by residency: UAE Nationals can finance up to 80-85% (15-20% down payment), Expat Residents can finance up to 75-80% (20-25% down payment), and Non-Residents can finance up to 60-65% (35-40% down payment). First-time buyers may get slightly better terms. Higher down payment often secures better interest rates.

Maximum mortgage tenure in UAE is typically 25 years for salaried employees and UAE nationals. Maximum age at loan maturity is usually 65-70 years depending on nationality and bank. For example, if you are 45 years old, maximum tenure would be 20-25 years. Self-employed applicants may have shorter maximum tenures of 15-20 years.

Yes, the calculator works for both ready and off-plan properties. However, note that off-plan financing terms may differ: payment plans are construction-linked, interest during construction period may be charged, and completion risk affects approval. For off-plan properties, actual loan disbursement happens in stages as construction progresses. Get personalized quotes for your specific off-plan project.

After calculating your estimated payments, the next step is to apply for pre-approval with multiple banks. LeoCompare helps you compare personalized offers from 18+ UAE banks with one application. You will receive actual rates, specific monthly payments, and complete cost breakdowns based on YOUR financial profile. Pre-approval takes 2-3 days and is free with no obligations.

Basic documents for pre-approval include: Emirates ID and passport copies, latest 6 months bank statements, salary certificate or employment contract, latest 3-6 months salary slips, and property details (if selected). Self-employed need additional business documents. Our advisors will guide you through the specific requirements based on your situation and chosen banks.