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Personal Loan Calculator UAE

Calculate Your Personal Loan EMI Easily!

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EMI Calculator

  • Loan AmountAED 0
    Duration0
  • Interest Rate0%
    Total Interest AmountAED 0

Total Payable (Principal + Interest)

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Personal Loan Calculator

A personal loan calculator is a handy tool used to calculate an estimate of the total cost of the loan.

personal loan calculator uaeThis tool is a great option for potential borrowers for estimating the loan amount that they are capable of affording and repaying comfortably in form of EMI every month along with the interest rate charged by the lender. Before opting for a personal loan, the applicant must first analyze the actual borrowing cost that they will have to bear. Whether it is to meet one’s mortgage payments or to cover education costs, personal loan in UAE offers an immediate and effective solution to an individual’s financial needs for all those living in the UAE.

How Does Personal Loan Calculator Works?

Regardless of what a personal loan may be taken for, applicants are strongly advised to use the Personal loan calculator in UAE and estimate their monthly obligation before applying.

Note that personal loans in UAE for expats and Emiratis alike are usually unsecured, i.e. they do not ask for collateral from applicants. These loans offer immediate capital to the loan holder and in return, ask for a monthly payment, which is also known as the Equated Monthly Instalment (EMI).

Personal Loan Calculators in UAE base their calculations on a variety of factors, which include the total loan amount, the tenor of the loan and the applicable interest rate. It is important to keep in mind that these Personal Loan EMI calculators in UAE only provide an estimate of the monthly obligation. The actual EMI may further vary depending upon the interest charged and on the offered tenor.

Here is a brief explanation of the factors based on which the personal loan calculator in UAE works and EMI is calculated.

Loan Amount

The amount borrowed by the applicant is the loan amount. The interest rate is added to this amount and then, divided into EMIs as per the tenor of the loan. The applicant can enter the amount of loan into the calculator based on their loan requirements.

Rate of Interest

This rate is charged on the loan amount. The rate of interest can either be flat or reducing in type.  Flat interest remains constant throughout the tenor of the loan. Reducing interest rates are calculated on the total outstanding borrowed amount and as such, decrease during the tenor of the loan. Personal loan calculator in Dubai helps us to calculate both.

Loan Tenor

It is the timeframe determined for repaying the loan. Most of the lenders in the UAE offer flexible loan tenors, that is, the applicant possesses the power of selecting the tenor for repayment of the loan as per their suitability.

How to Use a Personal Loan Calculator

As mentioned earlier personal loan calculator is a tool that allows loan seekers to calculate the EMI and other details based on the interest rate and total loan amount. Very often, people using personal loan calculator tend to get confused while using the tool and are unable to get the desired details. Therefore, in this section of the article we have come up with a step-by-step guide that will help you to calculate EMIs for your personal loan.

Step 1- In the first step, the applicant needs to have a clear idea about the loan amount they need along with the bracket of time in which they are willing to repay the debt.

Step 2- Next, the applicant needs to check that they are qualifying the eligibility criteria set by the financial institution before moving ahead.

Step 3- In the third step, the applicant needs to enter their details into the fields of the personal loan calculator UAE to get the result. This includes loan amount and repayment tenor. The Applicant also needs to select the interest rate (flat or reducing) based on the bank/financial institution.

Step 4- After you are done with entering all the values in the fields of a personal loan calculator, the result will be displayed in the end. The result includes the total payable amount i.e., the sum of principal and interest amount that is further broken down into EMIs based on the repayment tenor.

Personal Loan Calculator by Providers

1. RAKBANK Personal Loan Calculator

RAKBANK Personal Loan Calculator allows users to reach a definite figure of the monthly EMIs they’ll have to pay once they opt for the personal loan. Just like every other personal loan calculator the RAKBANK loan calculator takes into account the values entered by the applicant which typically includes the loan amount, repayment tenor, interest rate (flat/reducing). RAKBANK calculator UAE provides an approximate figure of the payable EMIs as the calculations are algorithm-based and do not considers additional charges such as arrangement fee, processing fee, bank fee, etc. While using RAKBANK loan calculator users can make use of the following values for calculating the EMI.

  • Minimum Salary Requirement:  AED 3000
  • Maximum Loan Amount:  AED 1500 k
  • Reducing Interest Rate: 3.99%
  • Arrangement Fee: 1%
  • Early Settlement Fee: 1%

 RAKBANK Personal Loan Features and Benefits

  • Repayment Tenor of 48 months
  • Free debit, credit card along with the chequebook
  • Salary transfer is mandatory

2. Mashreq Bank Personal Loan Calculator

Mashreq Bank is one of the most reliable and popular financial institution in the UAE that renders a variety of finance and insurance-based services and products. One of the most sought products is a personal loan that comes with the Mashreq Bank personal loan calculator. Using the Mashreq loan calculator applicants can assess the utility and compatibility of the loan for themselves within minutes. Applicants simply need to enter the required values in the fields of the Mashreq personal loan calculator which includes the loan amount, repayment tenor, interest rate (flat/reducing). Once the applicant is done with entering the value the Mashreq loan calculator runs algorithms to provide the desired result i.e. the payable EMIs.

  • Minimum Salary Requirement:  AED 7000
  • Maximum Loan Amount:  AED 1000 k
  • Reducing Interest Rate: 6.49%
  • Arrangement Fee: 1%
  • Early Settlement Fee: 1%

Mashreq Bank Personal Loan Features and Benefits

  • Repayment Tenor starting from 48 months
  • Free debit, credit card along with the chequebook
  • Salary transfer is mandatory

3. Emirates NBD Personal Loan Calculator

Emirates NBD Personal Loan Calculator is a quite definitive and reliable tool similar to the services of the bank. With the ENBD personal loan calculator applicants and loan seekers can get an analytical idea of the total amount they’ll have to pay (principal + interest) if they opt for a personal loan from Emirates NBD. Similar to other personal loan calculators in the case of NBD personal loan calculator the user needs to enter the required values and within seconds they get a precise figure of the EMIs based on their loan amount and interest rate.

  • Minimum Salary Requirement:  AED 5000
  • Maximum Loan Amount:  AED 2000 k
  • Reducing Interest Rate: 5.49%
  • Arrangement Fee: 1%
  • Early Settlement Fee: 1%
  • Flat interest rate: 2.9%

Emirates NBD Personal Loan Features and Benefits

  • Repayment Tenor starting from 48 months
  • Free debit, credit card along with the chequebook
  • Salary transfer is mandatory

4. Dubai Islamic Bank (DIB) Personal Loan Calculator

Dubai Islamic Bank (DIB) is a popular financial institution in the UAE that renders shariah-compliant services. DIB offers free access to their Dubai Islamic Bank (DIB) personal loan calculator for customers looking forward to getting an approximate figure of the payable EMIs based on the loan amount. DIB personal loan calculator allows users to assess that the repayment EMIs are feasible for them or not which helps them to plan their finances in a better and organized way.

  • Minimum Salary Requirement:  AED 10000
  • Maximum Loan Amount:  AED 2000 k
  • Reducing Interest Rate: 11.00%
  • Early Settlement Fee: 1%
  • Flat interest rate: 6.00%

DIB Personal Loan Features and Benefits

  • Repayment Tenor starting from 48 months
  • Free debit, credit card along with the chequebook
  • Salary transfer is mandatory

5. Abu Dhabi Islamic Bank (ADIB) Personal Loan Calculator

Abu Dhabi Islamic Bank (ADIB) Personal Loan Calculator is an algorithm-based tool that allows users and applicants to calculate their payable EMIs based on their loan amount and interest rate. ADIB loan calculator helps and makes your journey easier by providing you a realistic idea about the repayment of EMIs.

  • Minimum Salary Requirement:  AED 8000
  • Maximum Loan Amount:  AED 1000 k
  • Reducing Interest Rate: 6.75 %
  • Early Settlement Fee: 1%
  • Flat interest rate: 3.72%

ADIB Personal Loan Features and Benefits

  • Repayment Tenor starting from 48 months
  • Free debit, credit card along with the chequebook
  • Salary transfer is mandatory

6. Abu Dhabi Commercial Bank (ADCB) Personal Loan Calculator

Abu Dhabi Commercial Bank is a Shariah-compliant Islamic financial institution that renders financial and insurance-based services in the UAE.  (ADCB) Personal Loan Calculator is a tool developed by the bank so that customers and applicants can calculate the EMIs of their personal without any assistance simply by entering values in the fields. ADCB loan calculator helps customers to analytically assess the utility and compatibility of the loan for loan seekers and customers.

  • Minimum Salary Requirement:  AED 8000
  • Maximum Loan Amount:  AED 1500 k
  • Reducing Interest Rate: 6.00%
  • Early Settlement Fee: 1.05%
  • Flat interest rate: 3.33%

Abu Dhabi Commercial Bank Personal Loan Features and Benefits

  • Repayment Tenor starting from 48 months
  • Free debit, credit card along with the chequebook
  • Salary transfer is mandatory

7. FAB Personal Loan Calculator (FAB)

FAB Personal Loan Calculator is an algorithm-based tool that allows users and applicants to calculate their payable EMIs based on their loan amount and interest rate. FAB loan calculator helps and makes your journey easier by providing you a realistic idea about the repayment of EMIs.

  • Minimum Salary Requirement:  AED 7000
  • Maximum Loan Amount:  AED 2000 k
  • Reducing Interest Rate: 3.99%
  • Arrangement Fee: 1.05%
  • Early Settlement Fee: 1.05%
  • Flat interest rate: 2.19%

 FAB Personal Loan Features and Benefits

  • Repayment Tenor starting from 48 months
  • Free debit, credit card along with the chequebook
  • Salary transfer is mandatory

Benefits of a Personal Loan Calculator in UAE

In addition to the restrictions imposed by the lenders, the UAE government has also set forth certain rules that regulate the issuing of the loans. For example, personal loan in Dubai may only be allowed to offer the maximum loan amount that is a direct multiple of the applicant’s salary (such as up to 20 times the applicant’s salary).

The Personal loan calculators in UAE make these complicated calculations extremely easy and offer the following advantages.

1. Being Prepared

First and foremost, a Personal loan EMI calculator allows the applicants to accurately assess their monthly expenses and plan for the future. By using this calculator, applicants may effectively plan their savings, daily expenses and actions around these monthly instalments.

2. Interest Charges

The rates of interest on these loans are offered in two major variants in the UAE: as a flat rate interest and as reducing balance interest. The personal loan interest calculator allows applicants to effortlessly find the lowest interest rates for a personal loan in the UAE. The existing borrowers can calculate the rates of interest for cross-reference.

3. Loan Comparisons

This PL EMI calculator allows the applicant to make constructive personal finance comparisons. But, in addition to the monthly obligation amount, these loan calculators may also be used to estimate the total interest charges and usable amount on the loan. This is an excellent way to carry out personal loan comparisons in the UAE.

4. EMI Estimation

Calculating the EMI is a vital step while applying for the loan. It assists the borrower in planning their finances more efficiently. The Personal loan EMI calculator in UAE provides an estimation of the EMI that you will have to pay after obtaining the loan. This will help the potential borrower in comprehending the loan amount they can apply for. They will also have an idea of the amount they will be repaying against the loan.

5. Top-Up Loan Calculations

The top-up facility on a loan is offered in addition to an existing active loan from the same loan provider. Top-up personal finance in the Emirates extend the current loan amount and loan tenor, i.e. they allow the borrowers to avail additional funds for a longer period of time.

However, while a top-up loan offers greater funding to the customer, it also brings with it a new set  of calculations that involve new and preferential loan interest rates and an extended loan tenor. The personal loan calculators in UAE can cut through the mathematical nightmare of top-up loan computations determining the new EMI of the borrower.

Accuracy of Personal Loan Calculator

When it comes to any algorithm-based tool, a major concern is an accuracy and precision. Personal loan calculators are quite accurate but still, there is minute scope of error mainly due to two reasons. Firstly, almost every personal loan calculator takes into account the standard values excluding real-time values such as arrangement fee, processing fee, bank charges, etc. As a result, the EMI that comes up as a result is often lower than the value in real-time. Considering this disparity in the pricing it is recommended that loan seekers should get the figures cross-checked from the loan officer before proceeding for final application to avoid any issues later.

How does the PolicyBazaar Personal Loan EMI Calculator Work?

PolicyBazaar is an online aggregator of various financial services such as insurance policies, credit cards, and personal finance in the UAE. PolicyBazaar.ae functions as an absolutely impartial platform for PL comparison in UAE.

We maintain a regularly updated list of loan providers in the Emirates and continue to faithfully report their various features and benefits without even a hint of bias. The PolicyBazaar Personal loan calculator in UAE is a general all-purpose tool that can be used to estimate the Personal loan Interest rate calculations in easy and convenient steps.

Our loan calculator is highly intuitive and lightweight, allowing loan applicants to estimate their monthly obligations within a few quick steps. Applicants will first be required to enter their loan details such as the loan amount, applicable rate of interest, type of interest (reducing or flat) and tenor of the loan (in months).

After entering all of the required details, our EMI calculator will estimate the monthly obligation of the applicant at a lightning-fast speed, that too only with the click of a single button.