Calculate the EMI on House, Personal and Other Loans in One Click!
Get accurate results with our EMI Calculator for Dubai.
Feel free to use our Equipment Finance Calculator
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
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Calculator Disclaimer
The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.
FAQs
Frequently asked questions
Can the EMI Calculator be used for all types of loans?
Yes! Our EMI Calculator can be used for various types of loans, including:
SME Loans
Personal Loans
Home Loans
Business Loans
Car Loans
What factors affect my EMI?
The following factors influence your EMI:
Loan Tenure: A longer tenure results in lower EMIs, but you may end up paying more interest over the loan period.
Loan Amount: A higher loan amount increases the EMI.
Interest Rate: A higher interest rate increases your monthly installment.
How to submit a support request?
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Can the EMI Calculator be used for Freezone or Mainland business loans?
Yes, you can use the EMI Calculator for both Freezone and Mainland business loans. The process is similar to personal loans, but the loan amounts, terms, and interest rates may vary depending on your business needs and the lender.
What if I need more assistance with my loan?
If you need personalized guidance or have any questions regarding loan options, feel free to Contact Us. Our expert team at Al Ahdaf is here to assist you in finding the best loan products and helping you through the entire process.
Can expats apply for loans in Dubai?
Yes, expats can apply for loans in Dubai. However, banks have different requirements for expats, and the loan approval might depend on your residency status, employment history, and income.
What is the maximum loan-to-value (LTV) ratio for a mortgage in Dubai?
The maximum LTV ratio for a mortgage in Dubai is typically 80% for residents and 75% for non-residents. This means you need to pay at least 20% of the property value as a down payment.
Can expats get a mortgage in Dubai?
Yes, expats can apply for mortgages in Dubai, though the terms may differ from those offered to UAE nationals. Expats typically need to make a larger down payment, and their eligibility may depend on factors such as income, residency status, and employment history.
What are the tax implications of getting a mortgage in Dubai?
Dubai does not impose any property taxes, making it an attractive option for property buyers. However, there are some administrative fees involved, such as the registration fee and the valuation fee.
How does the interest rate work for a mortgage in Dubai?
Mortgage interest rates in Dubai can either be fixed or variable. A fixed rate remains constant throughout the term of the mortgage, while a variable rate can change according to market conditions or the lender’s prime rate.
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