Loan Calculator UAE

In the United Arab Emirates, banks and financial institutions offer personal loans, car loans, and home finance (mortgages) usually in UAE Dirhams (AED). Most products use a reducing balance method: you pay principal and interest each month on the outstanding amount. Rates are often quoted as a flat or reducing annual rate depending on the bank—always check your loan agreement. Islamic (Sharia-compliant) financing uses different structures (e.g., profit rates) but monthly instalments can be compared using similar repayment schedules. LoanWise uses standard amortization so you can estimate equal monthly payments in AED.

Typical Interest Rates in the UAE

Rates depend on your salary, employer, credit profile, and whether the loan is secured. Personal loans in the UAE often range from roughly 5% to 15% reducing per annum for eligible residents; car loans may be similar or lower with collateral; home finance varies widely with loan-to-value and term. Your actual rate and fees are set by the lender. Use this calculator to model how rate and term change your monthly payment in AED.

Frequently Asked Questions

Can I get a loan in the UAE without a salary transfer?: Some lenders offer loans without salary transfer, but many UAE personal loans are tied to salary assignment for lower rates. Requirements vary by bank and visa type—confirm eligibility with the lender.
How long are typical UAE loans?: Personal loans often run 12–48 months (sometimes up to 60); car loans 12–60 months; home finance commonly 15–25 years (180–300 months). Longer terms reduce the monthly instalment but increase total interest.
Does this calculator work for Islamic finance?: Islamic products use Murabaha, Ijarah, or similar structures rather than conventional interest. If your bank quotes an equivalent monthly instalment and term, you can still use this tool to see the payment pattern; always verify figures with your Islamic banking advisor.