Personal Loan Calculator
Calculate your monthly payments and compare loan options from UAE banks
Monthly Payment
Loan Breakdown
UAE Bank Comparison (Approx.)
| Bank | Interest Rate | Monthly Payment |
|---|
Important Notes for UAE Personal Loans
- Most UAE banks offer personal loans up to 20 times your monthly salary.
- The maximum loan term in UAE is typically 4-5 years for expats and up to 8 years for UAE nationals.
- Interest rates vary between 5% to 20% depending on your salary, employer, and credit history.
- Debt burden ratio (DBR) should not exceed 50% of your monthly income as per UAE Central Bank regulations.
If you’re considering taking out a personal loan in the UAE, understanding your monthly payments, interest rates, and total repayment amount is crucial. A Personal Loan Calculator UAE helps you estimate these figures accurately, allowing you to make informed financial decisions.
By the end, you’ll know exactly how to use a Personal Loan Calculator UAE to plan your finances effectively.
What Is a Personal Loan Calculator?
A Personal Loan Calculator is an online tool that estimates your monthly loan payments based on:
- Loan Amount (How much you want to borrow)
- Interest Rate (Annual percentage rate charged by the bank)
- Loan Tenure (Repayment period in years)
This tool helps you:
- Plan your budget – Know your exact EMI before applying.
- Compare loans – Check different banks’ rates side by side.
- Avoid financial stress – Ensure your EMI fits comfortably within your salary.
Why Use a Personal Loan Calculator UAE?
In the UAE, banks like ADCB, Emirates NBD, Dubai Islamic Bank, and Mashreq offer varying interest rates. Using a Personal Loan Calculator Dubai or Abu Dhabi helps you:
- Avoid borrowing beyond your repayment capacity (UAE Central Bank caps Debt Burden Ratio at 50% of salary).
- Choose the best tenure (UAE loans typically range from 1-5 years for expats, up to 8 years for UAE nationals).
- Save on interest – A shorter tenure means higher EMIs but lower total interest.
How to Use Our UAE Personal Loan Calculator
Our Personal Loan Calculator UAE is designed for simplicity and accuracy. Here’s how it works:
Step 1: Enter Loan Details
- Loan Amount (AED): Input how much you need (e.g., AED 50,000 to AED 2,000,000).
- Interest Rate (%): UAE banks offer rates from 5% to 20% (depends on salary & credit score).
- Loan Term (Years): Select between 1-8 years (standard UAE loan tenure).
- Monthly Salary (AED): Ensures your EMI doesn’t exceed 50% of income (UAE Central Bank rule).
Step 2: Get Instant Results
The calculator shows:
- Monthly Payment (EMI) – Your fixed repayment amount.
- Total Interest Payable – How much extra you’ll pay over the loan term.
- Debt Burden Ratio (DBR) – Percentage of salary going toward EMI.
Step 3: Compare UAE Bank Rates
Our tool includes a bank comparison table with estimated rates from:
| Bank | Interest Rate | Monthly Payment (AED 100,000 Loan) |
|---|---|---|
| Emirates NBD | 6.5% | AED 2,370 |
| ADCB | 7.0% | AED 2,410 |
| Dubai Islamic Bank | 7.5% | AED 2,450 |
| RAKBANK | 8.0% | AED 2,490 |
| Mashreq Bank | 8.5% | AED 2,530 |
This helps you pick the best personal loan in Dubai or Abu Dhabi.
Key Factors Affecting Your Personal Loan EMI in UAE
1. Interest Rates (5% – 20%)
- Lowest rates (5-8%) – For high-salaried individuals (AED 25,000+).
- Higher rates (15-20%) – For lower salaries or weak credit history.
2. Loan Tenure (1-8 Years)
- Short-term (1-3 years): Higher EMI, lower total interest.
- Long-term (5-8 years): Lower EMI, but higher interest paid.
3. Salary & Employer Reputation
- Government/blue-chip employees get better rates.
- Debt Burden Ratio (DBR) must be ≤50% of salary.
4. Processing Fees & Hidden Charges
Some UAE banks charge:
- 1-2% processing fee
- Early settlement penalties
Always check the Effective Interest Rate, not just the advertised rate.
Best Personal Loan Options in UAE (2025)
1. Emirates NBD Personal Loan Calculator
- Interest: 6.5% – 9.5%
- Max Loan: 20x salary (up to AED 2M)
- Tenure: 1-4 years (expats), up to 8 years (UAE nationals)
2. ADCB Personal Loan Calculator
- Interest: 7% – 10.5%
- Salary Requirement: AED 5,000+
- Special Offers: 0% processing fee for select customers
3. Dubai Islamic Bank Personal Loan Calculator
- Sharia-compliant financing
- Interest (Profit Rate): 7.5% – 11%
- Flexible repayment options
4. Mashreq Bank Personal Loan Calculator
- Fast approval (24 hours)
- Interest: 8.5% – 12%
- No salary transfer required for some loans
Tips to Get the Best Personal Loan in UAE
- Improve Your Credit Score – Aim for 700+ for lower rates.
- Compare Multiple Banks – Use our Personal Loan Calculator UAE to check EMI differences.
- Negotiate with Banks – Existing customers often get better deals.
- Avoid Long Tenures – Reduces total interest paid.
- Check for Promotions – Some banks offer discounted rates or zero fees.
Frequently Asked Questions (FAQs)
Most banks offer up to 20x your monthly salary, capped at AED 2,000,000
Yes, but with higher interest rates (10-20%). Banks like ADCB & RAKBANK offer loans for lower salaries.
The formula is:
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EMI = [P x R x (1+R)^N] / [(1+R)^N-1] P = Loan Amount, R = Monthly Interest Rate, N = Tenure in Months
Our Personal Loan EMI Calculator UAE does this automatically.
Currently, Emirates NBD & ADCB offer the most competitive rates (from 6.5%).
Yes, but some banks charge 1-2% prepayment fee. Always check terms before signing
A Personal Loan Calculator is essential for anyone considering a loan in Dubai, Abu Dhabi, or across the UAE. It helps you:
- Avoid overborrowing
- Compare ADCB, Emirates NBD, DIB, and Mashreq rates
- Plan repayments without financial stress
Try our FREE Personal Loan Calculator UAE today and make the best decision for your finances!