UAE mortgage refinancing calculator
Compare your current mortgage instalment with a new bank’s, list each cost of switching and see how many months the lower instalment takes to repay them. The calculator also shows the interest over the remaining term both ways. The new rate starts at the fixed rate in our current offers.
Your results
Monthly instalment change
AED 805
Lower each month: AED 7,115 instead of AED 7,919.
- Months to recover the switching costs
- 3 years 2 months
The lower instalment pays back the switching costs after 38 months.
Costs line by line and interest
| Cost | Amount |
|---|---|
| Early settlement fee (current bank)1% of the balance | AED 12,000 |
| Bank processing feeup to 1% of the new loan + 5% VAT | AED 12,600 |
| Valuationflat fee, from AED 2,500 | AED 2,500 |
| Mortgage registration0.25% of the new loan + AED 290 | AED 3,290 |
- Interest if you stay: 20 years at 5%
- AED 700,673
- Interest if you switch: 20 years at 3.75%
- AED 507,518
Estimate only, not an offer of finance. Rates as of 3 November 2026, subject to bank approval and eligibility; rates change.
Want your exact figures?
This calculator gives an estimate. An Aknaz advisor works out your real numbers with each bank's current rates and fees, explains every line with you and tells you which banks fit your profile.
Frequently asked questions
When does refinancing a UAE mortgage make sense?
When the new instalment is lower by enough to pay back the switching costs well before you expect to sell or settle the loan. If you plan to move within a year or two, or your current bank waives fees to keep you, staying may cost less.
What does it cost to switch banks?
Usually an early settlement fee to your current bank (often 1% of the balance; some banks waive it after 5 years with the same bank.), the new bank's processing fee (up to 1% of the loan plus VAT), a valuation fee and a new mortgage registration at the Dubai Land Department. The calculator lists each one separately.
Does a longer new term lower the instalment?
Yes, but it usually increases the total interest, because you borrow for longer. Compare the interest over the remaining term both ways, not only the monthly figure, before choosing a longer term.
Is the new rate fixed for the whole term?
Usually not. Most UAE offers fix the rate for a period and then move to a variable rate of EIBOR plus a margin. The calculator applies the new rate you enter to the whole new term, so treat the result as an estimate and check the reversion terms with the bank.
Results are estimates, not an offer of finance. For how a bank-to-bank switch works step by step, see mortgage buyout and refinance.