Plan Your Repayments with Our Smart Finance Calculator
Finance Calculator
Flat Rate Calculation Input
Reducing Rate Calculation Input
Calculation Results
Flat Rate Conversion
Reducing Rate Conversion
Frequently Asked Questions (FAQs)
How do I use this finance calculator?
It’s simple. Just enter the total amount you wish to borrow, the annual interest rate offered by your bank, and the time period (tenure) for repayment. The calculator will instantly show you the monthly installment you need to pay.
Can I use this for both personal and car loans in Dubai?
Yes. This tool is designed to work for any standard loan available in the UAE, including personal loans, car finance, and even home mortgages.
What is the difference between a Flat Rate and a Reducing Rate?
This is a common question in the UAE. A Flat Rate is calculated on the total loan amount before you start paying it back, so it stays higher. A Reducing Rate is calculated only on the remaining balance you owe. Always ask your bank which rate they are quoting, as the “Flat Rate” often looks lower but can be more expensive in the long run.
Does this calculator include bank processing fees?
No, this tool focuses on the principal and interest repayment. Most UAE banks will charge a separate processing fee (usually 1% of the loan amount) and potentially insurance fees, which are often deducted upfront or added to the loan.
How accurate is the monthly estimation?
The figure is a mathematical estimate based on the numbers you provide. While highly accurate for planning, your final bank agreement might differ slightly due to specific bank policies, payment dates, or hidden charges.
