Arvest home loan

Buying a home in the United Arab Emirates (UAE) is a significant financial decision, and using a home loan calculator helps potential buyers estimate their mortgage payments. This guide explains how the UAE Home Loan Calculator works, its benefits, eligibility criteria, and frequently asked questions for 2025. Home Price (AED): Down Payment (AED): Loan Term (years): Interest Rate (% per year): 1. What is a Home Loan Calculator?A Home Loan Calculator is an online tool that helps individuals calculate their monthly mortgage payments based on the loan amount, interest rate, and loan tenure. It simplifies financial planning by providing an estimate of the total repayment cost.2. Why Use a Home Loan Calculator in UAE?Helps budget effectively before purchasing a property.Compares mortgage offers from different banks.Avoids financial strain by selecting an affordable loan plan.Provides a breakdown of monthly payments, including principal and interest.3. How Does the UAE Home Loan Calculator Work?The calculator requires the following details:Step-by-Step Process:Visit a bank’s website or a mortgage comparison platform.Enter the property price or loan amount.Select the down payment percentage (typically 20% as per UAE regulations).Choose the loan tenure (up to 25 years).Enter the interest rate (varies by bank and credit score).The calculator displays monthly installments and the total loan repayment amount.4. Eligibility Criteria for Home Loans in UAETo qualify for a home loan in the UAE, applicants must meet the following conditions:Minimum monthly salary: AED 10,000 – AED 15,000 (varies by bank)UAE resident (Emiratis and expatriates with valid visas)Age: 21 years or olderMinimum down payment: 20% of the property price (as per UAE Central Bank regulations)Salary transfer to the bank (some banks may require this)5. Home Loan Interest Rates in UAE (2025)Interest rates for home loans in UAE vary based on bank policies, credit score, and loan tenure. Below is a general range:Loan TypeInterest Rate (Per Annum)Fixed Rate Mortgage2.5% – 4.5%Variable Rate Mortgage2.0% – 4.0%6. UAE Home Loan Repayment ExampleFor a home loan of AED 1,000,000 with an interest rate of 3.5% over 25 years (300 months):Loan Amount: AED 1,000,000Interest Rate: 3.5% per annumLoan Tenure: 300 monthsEstimated Monthly Installment: AED 5,012Total Repayment Amount: AED 1,503,6007. FAQs About the UAE Home Loan Calculator1. What is the minimum salary for a home loan in UAE?Most banks require a minimum salary of AED 10,000 – AED 15,000 to qualify for a home loan.2. Can expatriates apply for a home loan in UAE?Yes, expatriates with a valid UAE residence

Visa can apply for home loans.3. What is the maximum loan tenure for home financing?The maximum loan tenure for a home loan in UAE is 25 years.4. How much down payment is required for a home loan?The UAE Central Bank requires a minimum 20% down payment on the property’s value.5. Is it possible to get a home loan without a salary transfer?Some banks offer home loans without salary transfer, but they may have higher interest rates.6. Can I prepay my home loan before the tenure ends?Yes, but early settlement charges may apply, typically 1% of the remaining loan amount.8. ConclusionA UAE Home Loan Calculator is an essential tool for estimating monthly mortgage payments and planning property financing efficiently. Understanding loan terms, interest rates, and eligibility criteria helps buyers make informed decisions. Always compare different bank offers before applying for a home loan.For official calculations, visit the bank websites or UAE financial portals and use the Home Loan Calculator to get an accurate estimate for 2025.

Save time and money Low rates. No monthly or establishment fees. And fast approvals. Flexible terms Offset your home loan. Make extra repayments and redraw later. Personal support On the phone or virtually. In your local branch. At your home or work. Customer-owned Our profits go back into the bank. Your bank. What's your home loan refinancing goal? Are you looking to refinance your home loan to a better rate? Perhaps it's time to renovate and you're wanting to top up your loan? No matter the reason for refinancing, we offer a range of home loans that we can tailor to suit you. And with our home loan experts on your team, it’ll be easy.Yes, we did just use ‘easy’ and ‘refinancing’ in the same sentence. Home loans to meet your refinancing needs Basic Variable Home Loan A no frills home loan with no ongoing fees and a low variable interest rate. No ongoing monthly feesExtra payments allowedRedraw available100% offset availableUp to 95% LVR (including LMI) Offset Variable Home Loan A variable rate loan that provides flexibility to use your savings to reduce the interest you pay. No ongoing monthly feesExtra payments allowedRedraw available100% offset availableUp to 95% LVR (including LMI) Fixed Rate Home Loan Fix your mortgage payments from 1 to 5 years. From 2 year comparison rate* No ongoing monthly feesExtra payments allowedRedraw available100% offset availableUp to 95% LVR (including LMI) Refinance your home loan in six easy steps Think it through You need to know why you’re refinancing. What are your priorities and non-negotiables? Get in touch Next, book an in-person appointment – at a branch or your home or place of work – or a virtual meeting with one of our home loan specialists. Apply for your home loan We’ll need your photo ID if you’re