UAE Loan Calculator
Calculate monthly payments and total interest for personal and home loans
UAE Loan Information
Typical Interest Rates in UAE:
- Home loans (mortgages): 2.5% - 4.5% per annum
- Personal loans: 3% - 5% per annum
- Car loans: 2.5% - 4% per annum
Eligibility:
- UAE residents with valid residence visa
- Minimum salary requirements vary by bank
- Maximum loan tenure typically up to 25 years for mortgages
- Debt burden ratio limits apply
Disclaimer: This calculator provides estimates only. Actual loan terms, interest rates, and fees may vary by bank. Consult with financial institutions for exact offers.
Frequently Asked Questions
For home loans (mortgages), the maximum tenure is typically 25 years. For personal loans, it is generally capped at 4 years (48 months).
The Central Bank of UAE mandates a Debt Burden Ratio (DBR) of 50%, meaning your total monthly debt payments (including loans and credit card minimums) cannot exceed 50% of your gross monthly income.
A flat rate is calculated on the total loan amount throughout the term. A reducing rate is calculated on the outstanding balance, meaning you pay less interest as you pay off the principal. Always compare the APR (Annual Percentage Rate) for a true cost comparison.
Yes, some banks offer loans without salary transfer, but they often come with higher interest rates and stricter eligibility criteria compared to salary transfer loans.