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
Best Interest Rates in Dubai
Dubai Islamic Bank (DIB)
Starting 1.75% fixed margin 3-month EIBOR
Abu Dhabi Islamic Bank (ADIB)
Starting 1.85% fixed margin 1-month EIBOR
First Abu Dhabi Bank (FAB)
Starting 1.74% fixed margin 3-month EIBOR
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)- +
Arab Bank
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
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.
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.
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
It might be from 2 to 3 %
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.
