Mortgage calculator: Plan your home financing

A mortgage loan is calculated based on key factors like the loan amount, interest rate, and loan term. The monthly repayment is determined using a formula that includes both the principal (the amount borrowed) and interest (the cost of borrowing). Tools like Holo’s mortgage calculator make this easy—just enter your loan amount, interest rate, and repayment period to get an instant estimate of your monthly payments.

Banks calculate mortgages by assessing several factors, including: - Loan amount: The total amount you borrow. - Interest rate: Fixed or variable, depending on the loan type. - Loan tenure: The length of time you’ll repay the loan (e.g., 15 to 25 years). Banks also consider your income, existing debts, and the loan-to-value (LTV) ratio to ensure affordability. Holo simplifies this process by comparing options across lenders, helping you understand how banks calculate your loan.

Interest rates for home loans in the UAE vary depending on the lender and mortgage type: - Fixed-Rate Mortgages: Rates typically range from 3% to 5% per year for a set period (e.g., 1–5 years). - Variable-Rate Mortgages: Rates are tied to the Emirates Interbank Offered Rate (EIBOR) and can fluctuate over time based on market conditions. Using our mortgage calculator, you can explore loan options and instantly estimate your payments, helping you find the most competitive rates that fit your budget and needs.