Mortgage Payback Calculator for UAE Home Loans
See the real cost of your mortgage before you commit.
Break down monthly payments, total interest, and discover how early settlements or tenure reduction can save you hundreds of thousands in interest on UAE home loans.
Currency:
AED
25 years
25
4 %
4
Monthly PaymentAED 5,278
Total InterestAED 583,511
Total PaybackAED 1,583,511
Payback Schedule
Principal > Interest: Year 8, Month 9Results are based on your inputs only and do not represent real data.
Cash SettlementsOptional
AED
How it Works
- Principal vs. InterestYour monthly payment splits between loan balance (principal) and bank profit (interest). Early on, it's mostly interest.
- Amortization PowerVisualizing your schedule helps you see exactly when you start building real equity versus just paying fees.
- Settlement ImpactExtra payments go 100% to principal, which can cut years off your loan and save huge amounts of interest.
UAE Insights
- Loan vs. Mortgage: Often used interchangeably in UAE. Technically a 'home loan' is the borrowing, 'mortgage' is the property security.
- Settlement Rules: Central Bank caps early settlement fees at 1% of the prepaid amount or AED 10,000, whichever is lower.
- EIBOR Awareness: Variable rates link to EIBOR. If EIBOR rises, your monthly interest payment increases directly.
Smart Strategies
- Reduce Monthly Burden
Cash settlement to lower your monthly installment amount. Best for freeing up monthly cash flow.
- Debt-Free Faster
Keep payments same, reduce tenure. Best for maximizing long-term interest savings.
- Timing Matters
Settling early in the loan term (first 5-10 years) has the biggest impact on reducing total interest.
Mortgage Payback FAQs
Common questions about early settlement, tenure reduction, and interest savings.