Frequently Asked Questions
Common questions we hear from clients across the UAE. If yours is not here, talk to us directly.
The calculator applies the standard amortisation formula: EMI equals the principal multiplied by the monthly interest rate and by (1 + rate) to the power of the number of monthly instalments, divided by (1 + rate) to the power of the instalments minus one. This assumes a fixed rate with monthly compounding and repayment at the end of each month.
The default 3.99% reflects competitive fixed-rate mortgage pricing in the UAE market at the time of writing. Personal loans typically price higher, often in the region of 5% to 12% reducing balance or more, and business finance varies widely with the facility type and security offered.
Mortgages commonly run up to 25 years, and Central Bank rules generally cap the term so that the loan is repaid by age 65 for salaried borrowers, with some flexibility to age 70 for self-employed applicants. Personal loans usually run one to four years.
The figure shown is principal and interest only. Add the bank arrangement fee, typically around 1% of the loan, property valuation costs, the Dubai Land Department 4% transfer fee where applicable, and any life or property insurance the lender requires.
The rate you are offered depends on your employer category, salary, credit history, existing liabilities, the property or asset being financed and the lender appetite on the day. Send us the figures you entered and we will come back with real quotes from banks that are currently competitive for your profile.
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