UAE Home Loan Calculator

Calculate Your Home Loan EMI Online

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A home loan calculator is a pretty useful tool that can help prospective homeowners estimate the cost and payments associated with their home loan. Using this calculator is a straightforward process - all you need to do is enter a few details such as the loan amount, interest rate, length of the loan, down payment, and any additional fees.

With these details, the calculator can provide an estimated monthly payment and total cost of the loan (loan amount plus the applicable interest). This way, you can also compare different loan options and explore how changes in interest rates, loan amounts, and other variables will affect their payments and total loan costs.

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What is the Formula for Calculating Mortgage Loan Monthly Instalments?

You can use the following formula to manually estimate your monthly instalments for a home loan -

EMI = [P x Ix (1+I) ^T]/ [((1+I) ^T)-1)]


  • P is the principal amount
  • I is the rate of interest / (100×12)
  • T is the number of years x 12 

Factors Influencing Home Loan EMI Calculation in UAE

The primary aspects that affect the monthly instalment calculation of a home are as follows -

  • Loan Amount - The amount of the loan that you take has a significant effect on the monthly payment amount. Since the final EMI is calculated by applying the interest rate to the loan amount and dividing it into equal instalments, it is expected that the instalment amount will rise with higher loan amounts.
  • Loan Tenure - Loan tenure also has a direct effect on the home loan monthly instalment. Generally, the longer the tenure of the loan, the lower the monthly instalment. This is due to the fact that the principal amount is divided into a greater number of instalments, thus reducing the amount that has to be paid at each instalment. On the contrary, the shorter the tenure of the loan, the higher the monthly instalment.
  • Interest Rates - The interest rate applicable to your home loan in the Emirates is determined by a number of factors. Financial institutions evaluate your income, credit Score, credit history, and debt-to-income ratio for the same. If you have a higher income or a good credit score and history, the bank usually offers a lower rate of interest, resulting in lower monthly instalments.

How to Use a Mortgage Loan Calculator?

Using a home loan calculator involves a few simple steps, which are as follows:

  • Step1- Visit the official website of your preferred bank or financial institution.
  • Step2- Move to the ‘Mortgage Loan/Home Loan’ section.
  • Step3- Locate the calculator and enter the required values.
  • Step4- Submit the entered information and get your result instantly.

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What are the Merits of a Mortgage Loan Calculator?

Here are some of the primary benefits of using an online home loan calculator to assess monthly instalments -

  • Assists in Financial Planning - An online mortgage loan calculator can easily estimate the monthly payments for a loan, which further helps in planning a budget for future payments. It can also help you determine the total cost of a loan (including interest and other related fees) and compare different loans, which can assist you in finding the best home loan for your particular needs.
  • Helps in Comparing Multiple Home Loan Products - A great benefit of home loan calculators is that they help you compare multiple home loan products by providing an accurate and easy-to-understand overview of the different products. With this information, you can compare the different interest rates, repayment options, fees, and other features of the top loan options and easily identify the best one for yourself.
  • Saves Time - Calculating the details of your home loan amount and interest rates manually with a pen and paper can be tedious and time-consuming. An online home loan EMI calculator comes in handy, as it is fast, efficient, and provides accurate results in a matter of seconds - all without requiring you to perform any calculations.
  • Eliminates Calculation Errors - Using an automated mortgage loan calculator generates error-free data. Rather than having to manually calculate interest and principal payments, you can input your loan amount, interest rate, and term length into the calculator and receive an accurate repayment amount. This eliminates the risk of mistakes that may occur when manually calculating the repayment amount. Home Loan Calculator: How Does it Work?

We, at, have curated our own home loan calculator using which you can effortlessly estimate your monthly instalments. You can find the calculator on our website under the Home Loan section.

To use it, all you need to do is enter your property value, loan tenure, interest rate, and down payment amount. After you provide all these details, the result will be generated automatically and displayed at the bottom of the calculator.

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