Benefits of our mortgage calculator
Purchasing an own home is always one of the largest financial transactions many salaried individuals do in their life.
Buying a home is not easy, One needs to Set a budget upfront, Even long before they start looking at properties, Our Mortgage Calculator can help you avoid falling in love with a home you can’t afford.
Our mortgage calculator can help set a budget so you can adjust your loan and down payment amounts, interest rate and loan term to see how much your payments might change. It’s important to know what your specific interest rate will depend on your overall credit profile and debt service ratio,
DSR ratio is the sum of all of your existing loans and cards + new mortgage payment / by your gross monthly income. As per UAE Banks, Your DSR ratio has to remain under 50% at all times.
Best Mortgage Rates in UAE - 2019
| Bank | Rate % on offer | Minimum Salary Required | Apply to Compare |
|---|---|---|---|
CBI – Commercial Bank International  | 2.45%* | 15,000 |  |
FAB – First Abu Dhabi Bank  | 2.75%* | 15,000 | |
ADIB – Abu Dhabi Islamic Bank  | 2.99%* | 15,000 | |
DIB – Dubai Islamic Bank PJSC, Dubai  | 3.49%* | 12,000 | |
Contents
