Home Loan Refinance Calculator
Should you refinance your UAE mortgage at a lower rate? See your new EMI, lifetime savings, and how many months until refinance fees pay back.
Your current mortgage
The refinance offer
Related tools
How to use
- 1
Enter your CURRENT outstanding loan balance. Look at your most recent mortgage statement — this is different from the original amount you borrowed.
- 2
Enter your current interest rate (in your mortgage agreement) and how many years are left to repay.
- 3
Enter the NEW rate you've been offered (by a competing bank or your bank's renewal offer) and the tenure for the new loan.
- 4
The calculator shows your new monthly EMI, total lifetime savings, refinance fees, and how many months until those fees pay back.
- 5
Quick rule: refinancing makes sense if the new rate is at least 0.75% lower AND payback is under 18 months. If payback is over 24 months, the new fees usually eat any savings.
Frequently asked questions
When three conditions align: (1) the new rate is at least 0.75% lower than your current rate, (2) refinance fees pay back in under 18 months from monthly savings, (3) you'll stay in the property at least 24 months longer. Miss any one and the math usually doesn't work.
Four main ones in the UAE. Early settlement to your current bank (capped at 1% of outstanding, max AED 10,000). New bank's processing fee (typically 1%, capped at AED 2,500). Property valuation (AED 3,000). DLD mortgage registration (0.25% of new loan). Total for a AED 1.2M outstanding: roughly AED 17,000-20,000.
Generally no — extending the tenure lowers your monthly EMI but you pay much more interest over the loan's life. Refinancing to the SAME remaining tenure with a lower rate is where the real savings happen. Only extend if monthly cash flow is genuinely tight.
Yes. The process takes 2-4 weeks. You apply with the new bank, they do their own valuation, get approval, then your new bank pays out your current bank and assumes the mortgage. You sign new documents, register with the DLD, and start your new monthly EMI.
Borrowers with a strong profile (Dubai-listed employer, salary transfer, low DBR) currently see 2026 refinance offers in the 4-4.5% range when their existing rate is 5% or higher. Premium-tier customers occasionally see 3.99%. If new offers sit within 0.5% of the existing rate, the math rarely works out.
Slightly. A new credit inquiry will be on your AECB report. The new mortgage replaces the old one. Net effect on your credit score is usually negligible after 3-6 months. If you have other loan applications pending (car, personal loan), do those first or wait until after refinancing completes.
Help us improve this calculator
What's missing or wrong? What would make this more useful for you? Every suggestion lands in our inbox.
Source: UAE Central Bank Mortgage Regulations · Last verified 2026-06. Verify on CBUAE. This tool provides estimates only and is not legal, tax or financial advice. Always verify your specific situation with the relevant UAE authority or a licensed advisor before taking action.