Mortgage Calculator

The Honest Home Loan Mortgage Calculator in Dubai & UAE

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Recurring Monthly cost

Fee Cost
Installment and Interest -
Service charge -
Life insurance -
Property insurance -

One time fees

FeeCost
Land Department Fee -
Registration Fee -
Mortgage Registration Fee -
Real Estate Agency Fee -
Bank Arrangement Fee -
Valuation -
Total Purchase Cost-
Total Required Upfront-
Down Payment-
Loan Amount-
Purchase price AED
Down payment % AED
Loan period YRS
Interest rate %
Property type
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Service charge/ft² AED
Age YRS
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Mortgage Calculator Dubai & UAE – The Honest Loan Calculator

10 Questions to Ask Your Mortgage Advisor

Having a mortgage advisor is a powerful tool in helping you secure a loan. However, it is important to know what questions to ask your advisor to make the most of their expertise.

  1. What happens after my fixed period?

Ask your advisor about potential changes to your loan after the fixed period ends, as these can vary from lender to lender.

  1. Can we lower my upfront bank charges?

Mortgage lenders typically charge a loan establishment fee that can sometimes exceed 1 percent. However, many are willing to negotiate a lower fee if pressed. Make sure your advisor has sought to lower this fee if possible.

  1. Does the loan include hidden costs?

Some lenders bury costs in mortgage loans without disclosing them upfront. Make sure your advisor is on the lookout for these, so you know about them in advance.

  1. Do I have the option to cancel my loan?

It is important to know your bank’s specific requirements for canceling a loan and whether you will be penalized for doing so during the fixed period.

  1. What are my early repayment options?

Most lenders permit certain amounts of early repayment. However, this is not universal, so make sure you understand these terms at the beginning of your loan period.

  1. What are my options for life insurance?

Ask your advisor if you can pick your life insurance policy and what the specific requirements are. Questions like these can make a massive difference in how much you will pay in premiums.

  1. Is there a salary transfer fee?

Salary transfer fees can drastically increase the cost of mortgage repayments if you get a new job. Ask your advisor if your loan includes this type of fee.

  1. What are the downsides of salary transfer fees?

Salary transfer fees mean that your loan repayments could sharply climb if you switch employers, so it is usually prudent to avoid mortgage agreements that include them.

  1. What happens if I go abroad?

Some banks reserve the right to charge you non-resident rates if you leave the UAE. Be sure to ask your advisor about the terms of your loan.

  1. Is this the best deal I can get?

The UAE does not require that loan providers offer you comparison rates on your proposal. It is important to ensure that your advisor has checked the market and can give you some comparable rates to ensure you are getting a fair deal.

Read our latest guides:

    • What to Know About Revert Rates
      • An important thing for you to know as a property investor is what to expect when your fixed rate
        ends. Understanding this topic is important, so you can make sure your lender has offered you
        the best deal possible.
    • UAE Property Market Trends
      • The UAE property market has gone through a significant evolution over the course of the past two decades. Read more about the latest trends here.
    • How to Get Loan pre-approval in Dubai/UAE
      • The UAE Central Bank requires that a minimum of 25 percent of the total purchase be deposited as a down payment from anyone who is a non local until a property reaches a value of AED 5 million or more.
    • Dubai Properties to be Exempted from VAT
      • On March 27, 2017, the Ministry of Finance announced that both residential sales and rental leases in Dubai (as well as throughout the United Arab Emirates) would be exempt from the value-added tax, or VAT, introduced by the government on Jan. 1, 2018.