Mortgage Calculator

Dubai Mortgage Calculator

Mortgage financing could be very attractive, and rightly so because it allows you to purchase the maximum cherished residences with inside the maximum low-priced way. Something that normally turns into a hurdle for maximum aspirants is the problem in the knowledge of the process, its phrases and the calculations involved. 

As one of the marketplace leader, Elite Capital has addressed this to its valued clients and potential citizens and taken the ideal mixture of services.

Mortgage Calculator Dubai

With the mortgage calculator, you can easily find out what you need to pay for your favourite real estate projects. This helps you avoid contacting anyone to discuss financial feasibilities until you work out things by yourself and are willing to go for a mortgage loan.

You have to enter the values about your chosen property, price range and other numbers based on your preferences to get an insight into the repayment of the mortgage. Along with that, you can always get in touch with our support representatives who are always ready to help and guide the customers.

Elite Capital Mortgage Assist

Direct connect with Elite Capital and Transparent Charges or Payments

Fast and Easy Approvals

Dedicated Rates and Terms

Flexible & Convenient Payment Plans

Less Paperwork

Elite Capital Payments, Rates and Terms

Elite Capital brings you the maximum cheap and handy financing solutions. Elite Capital will not only help you to save a lot of money for your deals, however makes sure for their clients to be free from troubles about confusing conditions and gruelling procedure.

Best Interest Rates in Dubai

Dubai Islamic Bank

Dubai Islamic Bank (DIB)​

Starting 1.75% fixed margin 3-month EIBOR

Abu Dhabi Islamic Bank (ADIB)​

Abu Dhabi Islamic Bank (ADIB)​

Starting 1.85% fixed margin 1-month EIBOR

First Abu Dhabi Bank (FAB)​

First Abu Dhabi Bank (FAB)​

Starting 1.74% fixed margin 3-month EIBOR

United Arab Bank (UAB) ​

United Arab Bank (UAB)

Starting 1.99% fixed margin 3-month EIBOR

*** Rates are subject to change without prior notice ***
*** Subject to bank approval ***

Dubai Islamic Bank (DIB)

Salaried Employees

3.24% Fixed Rate
1.75% fixed margin 3-month EIBOR)
(Minimum floor rate of 3.74%)

4.49% Variable Rate
(3.93624% fixed margin + 3months EIBOR)
(Minimum floor rate of 3.99%)

Self Employees

3.24% Fixed Rate
1.75% fixed margin 3-month EIBOR)
(Minimum floor rate of 3.74%)

4.49% Variable Rate
(3.93624% fixed margin + 3months EIBOR)
(Minimum floor rate of 3.99%)

Abu Dhabi Islamic Bank (ADIB)

Salaried Employees

3.24% Fixed Rate
2.25% fixed margin + 1-month EIBOR
(Minimum rate of 3.24%)

1.85% Variable Rate
1-month EIBOR
(Minimum rate of 2.25%)

Self Employees

3.24% Fixed Rate
2.25% fixed margin + 1-month EIBOR
(Minimum rate of 3.50%)

1.85% Variable Rate
1-month EIBOR
(Minimum rate of 2.25%)

First Abu Dhabi Bank (FAB)

Salaried Employees

2.49% Fixed Rate
1.99% fixed margin + 3-month EIBOR
(Minimum floor rate of 2.99%)

1.74% Variable Rate
margin + 3-month EIBOR

Self Employees

3.24% Fixed Rate
2.99% fixed margin + 3-month EIBOR
(Min floor rate of 3.99%)

1.74% Variable Rate
margin + 3-month EIBOR

United Arab Bank (UAB)- +

Salaried Employees

N/A

1.99% Variable Rate
3M EIBOR (Min. Floor Rate 2.99%)

Self Employees

N/A

2.49% Variable Rate
3M EIBOR

Arab Bank

Salaried Employees

Will be provided
Available on Request

Self Employees

Will be provided
Available on Request

Dubai Islamic Bank (DIB)

Salaried

Fixed Rate

Rate: 3.24fixed for 1 year 1.75% fixed margin + 3-month EIBOR) (Minimum floor rate of 3.74%)

Variable Rate

Rate: 4.49% (3.93624% fixed margin + 3months EIBOR) (Minimum floor rate of 3.99%)

Self-Employed

Fixed Rate

Rate: 3.24fixed for 1 year 1.75% fixed margin + 3-month EIBOR) (Minimum floor rate of 3.74%)

Variable Rate

Rate: 4.75 (4.19624% fixed margin + 3months EIBOR) (Minimum floor rate of 3.99%)

Abu Dhabi Islamic Bank (ADIB)

Salaried

Fixed Rate

Rate: 3.24 fixed for 1 year 2.25% fixed margin + 1-month EIBOR (Minimum rate of 3.24%)

Variable Rate

1.85% + 1-month EIBOR (Minimum rate of 2.25%)

Self-Employed

Fixed Rate

Rate: 3.24 fixed for 1 year 2.25% fixed margin + 1-month EIBOR (Minimum rate of 3.50%)

Variable Rate

1.85% + 1-month EIBOR (Minimum rate of 2.25%)

First Abu Dhabi Bank (FAB)

Salaried

Fixed Rate

Rate: 2.49 fixed for 1 year 1.99% fixed margin + 3-month EIBOR (Minimum floor rate of 2.99%)

Variable Rate

(1.74% fixed margin + 3-month EIBOR)

Self-Employed

Fixed Rate

Rate: 3.24% fixed for 1 year 2.99% fixed margin + 3-month EIBOR (Min floor rate of 3.99%)

Variable Rate

1.74% fixed margin + 3-month EIBOR)

United Arab Bank (UAB)- +

Salaried

Fixed Rate

Rate: 2.49 fixed for 1 year 1.99% fixed margin + 3-month EIBOR (Minimum floor rate of 2.99%)

Variable Rate

(1.74% fixed margin + 3-month EIBOR)

Self-Employed

Fixed Rate

Rate: 3.24% fixed for 1 year 2.99% fixed margin + 3-month EIBOR (Min floor rate of 3.99%)

Variable Rate

1.74% fixed margin + 3-month EIBOR)

The best banks rate in United Arab Emirates UAE

(Salaried & Self-employed)

Bank Name Fixed Rate Variable Rate Mortgage type
Dubai Islamic Bank (DIB)
Salaried Rate: 3.24fixed for 1 year 1.75% fixed margin + 3-month EIBOR) (Minimum floor rate of 3.74%) Rate: 4.49% (3.93624% fixed margin + 3months EIBOR) (Minimum floor rate of 3.99%) Islamic only
Self-employed Rate: 3.24fixed for 1 year 1.75% fixed margin + 3-month EIBOR) (Minimum floor rate of 3.74%) Rate: 4.75 (4.19624% fixed margin + 3months EIBOR) (Minimum floor rate of 3.99%)
Abu Dhabi Islamic Bank (ADIB)
Salaried Rate: 3.24 fixed for 1 year 2.25% fixed margin + 1-month EIBOR (Minimum rate of 3.24%) 1.85% + 1-month EIBOR (Minimum rate of 2.25%) Islamic only
Self-employed Rate: 3.24 fixed for 1 year 2.25% fixed margin + 1-month EIBOR (Minimum rate of 3.50%) 1.85% + 1-month EIBOR (Minimum rate of 2.25%)
First Abu Dhabi Bank (FAB)
Salaried Rate: 2.49 fixed for 1 year 1.99% fixed margin + 3-month EIBOR (Minimum floor rate of 2.99%) (1.74% fixed margin + 3-month EIBOR) Conventional Only
Self-employed Rate: 3.24% fixed for 1 year 2.99% fixed margin + 3-month EIBOR (Min floor rate of 3.99%) 1.74% fixed margin + 3-month EIBOR)
United Arab Bank (UAB)– +
Salaried – N/A Rate: 1.99% + 3M EIBOR (Min. Floor Rate 2.99%) Conventional only
Self-employed N/A 2.49% + 3M EIBOR
Arab Bank
– Salaried Will be provided Will be provided Conventional only
– Self-employed Will be provided Will be provided

Rates of interest and Mortgage Rate offered by Elite Capital is the lowest you can find in the market. Elite Capital will help you to pay interest at a very low price. The offer you get is an unrivalled by any other financing solution in UAE.

LTV Ratio

You can find multiple payment plans depending on your financial ease and choice. The maximum tenure for paying back the loan is 25 years, which is a long enough time to make payment through easy installments.

What is a mortgage loan?

Mortgage loans are the nice monetary gear to explore houses conveniently. The mechanism includes a bank, monetary group or provider company bearing a massive bite of the rate of any assets on behalf of the buyer, and receiving it again over a protracted period.

The house buyer has to pay interest or cost of financing along with the principal amount. Mortgage financing is a famous version for getting residences all around the world, with banks supplying very beneficial alternatives and services.

Types of Mortgage

Mortgage loans have diverse types, particularly differing on interest rates and their calculations. Each type has its definite benefits, which serves different individuals depending on their financials and their requirements.

Fixed-Rate Mortgages

Fixed-Rate Mortgages

This mortgage type, as the name suggests, maintains a fixed interest rate from the beginning to the end of the loan term. So, when you are paying back, your monthly instalments (EMIs) stay constant throughout, making it easier for you to plan and make your payments without any hassles.

Variable Rate Mortgage

The interest rate doesn’t stay constant and is always changing. It follows the interest rate as regulated by EIBOR. A simple drawback is that you don’t know how much interest you will have to pay in your next EMI, so this will always be a surprise factor. But it can be useful also as rates can become very low from time to time, saving you a good sum of money.

Variable Rate Mortgage
Mortgage Calculator Dubai

Discounted Rate Mortgage

This mortgage category brings you very appealing mortgage rates, but they are offered for a limited time. After that period, a higher interest rate is applicable to the principal amount. If you choose to pay off the loan within the said discounted period, you get to avail yourself of discounted rates throughout the loan term. Even if you have a greater loan term, this mortgage type helps save a lot of money in terms of total interest to be paid.

Capped Mortgage

It is a type of a variable or adjustable-rate mortgage. This also follows EIBOR rate as the basis for interest calculations, but there is an upper limit set for the interest rate. This way, you can always be aware of the maximum EMI you have to pay so you can manage your financials accordingly.

Capped Mortgage
Offset Mortgage

Offset Mortgage

This is a relatively new form of mortgage financing and is available in (UAE) United Arab Emirates. The debtors get the benefit of changing principal amounts, which also impacts the interest to be paid and EMI. For instance, if you deposit a certain amount of money in the same bank, the outstanding principal amount will reduce accordingly. There are also no barriers to draw that amount for the debtor, allowing a lot of freedom and control.

The best banks rate in United Arab Emirates UAE (Salaried & Self-employed)

Frequently Asked Questions

UAE offers the loans up to eight times multiple to the 8 the annual income where as Expat can also get up to seven times multiple of their annual income

UAE offers an amazing offer to its ciritzen to make 15% down payment and Expat can make 20% as downpayment

Yes, Excellent down payment assistance will be provided.

Other fees will be charged for Life insurance and property insurance

Different bank and Financial Institutes who serves this mechanize however the majority is for work slabs

Indeed, It will be of excluding early settlement fees

Two criterion are their for salaried person it may starts with AED 8500/- monthly whereas for self employed it is AED 15000/-

 In factor of fixed rates , the interest rate will be fixed at the time customer take out the loan and no changes will be reflected and for an adjustable rate mortgage, the rate of interest rate may varies.

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