UAE Mortgage Calculator
Are you looking to purchase a property in the United Arab Emirates but not sure how much you can afford? Our mortgage calculator can help you determine the monthly payment and total cost of your mortgage loan.
To use our mortgage calculator, simply enter the following information:
- Property price: The total cost of the property you wish to purchase
- Down payment: The amount of money you plan to put down as a down payment
- Interest rate: The interest rate on your mortgage loan
- Loan term: The length of time you plan to take to pay off the loan (in years)
Once you have entered this information, our calculator will give you an estimate of your monthly payment, as well as the total cost of the loan over the course of the loan term.
It’s important to note that this is just an estimate and actual mortgage payments may vary depending on your credit score, income and other factors. We recommend consulting with a mortgage expert to get a more accurate quote and to understand all the terms and conditions of a mortgage loan in UAE.
Additionally, our calculator can help you compare different loan scenarios and determine which one is best for you. For example, you can compare the cost of a 30-year loan to a 15-year loan and see the difference in monthly payments and total cost.
At Capital Zone, we are dedicated to helping you find the best mortgage loan for your needs. Our team of experts is always available to answer any questions you may have and guide you through the mortgage process. Contact us today to learn more about how we can help you achieve your dream of homeownership in UAE.
Thank you for using our mortgage calculator. We hope it has been helpful in your home buying journey!
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.
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.
