Try this Loan EMI Calculator for UAE, to get exact EMI, total payment and interest. Calculate your emi for car, home or personal loan. We have made navigating the financial world in UAE easier with our Loan equated monthly instalment Calculator.
EMI Calculator UAE
Monthly EMI (AED):
Total Payment (AED):
Total Interest (AED):
Yearly Repayment Schedule (AED)
| Year | Principal | Interest Paid | Principal Paid | Balance Amount | Loan Amount Paid (%) |
|---|
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What is EMI?
EMI, or Equated Monthly Installment, is a fixed amount paid by a borrower to a lender on a specific date of every calendar month. It includes the principal loan amount and the interest on it, divided across each monthly payment.
EMI Calculator for Dubai
EMI, short for Easy Monthly Installment, is a term that is very common in Dubai. But what does it really mean? Let’s find out.
As you pay your equated monthly instalments every month, you are eroding the principal amount. So by the end of your loan tenure you will have paid the entire amount without feeling the pinch.
Interesting fact: The interest component of your EMI remains the same throughout the loan period, thanks to the fixed interest rate in Dubai.
Why UAE-Specific Calculator?
Financial regulations, interest rates and market dynamics vary from one country to another. Recognizing the UAE’s unique financial landscape, our calculator is designed to give you accurate monthly EMI, total payment and interest details, whether you are looking for a car loan, home mortgage or personal loan.
How to Calculate EMI Online?
Our EMI Calculator is easy to use.
Here’s how:
- Enter the amount.
- Enter the tenure.
- Enter the rate.
Ta-da! EMI is calculated.
For more details, see the Bar chart. It will break down the interest and principal.
And that’s not all. Our calculator also gives you a yearly repayment schedule. This table shows how each EMI is broken down into interest and principal. Initially a big chunk of your EMI goes towards interest. But as time passes, more and more goes towards principal.
Features of Our Loan EMI Calculator
- Accuracy: Get exact EMI, total payment and interest.
- Flexibility: Works with ADCB, RAKBANK, Emirates NBD and other banks’ rates and terms.
- Easy to use: Input and get results.
- Graphical: See your loan and interest amount in our bar chart. Green and red colors will help you see how by the end of the loan tenure, you will have paid off the entire amount.
Also see: "Best SIP Calculator in the UAE" | "Compare Cost of Living in UAE with the PPP Calculator"
How does EMI Calculation Work?
Wondering how EMI amounts are determined? The formula is:
Where:
- ( P ) = Principal amount
- ( r ) = Monthly interest rate
- ( n ) = Loan tenure in months
While the formula might seem daunting, modern tools have made EMI calculation a breeze.
Resources: EMI CALCULATION WIKIPEDIA
