Best Fixed Rate
3.89%
2 Years
Fixed Rate
3.95%
3 Years
3-Month EIBOR
%
Live Rate
Early Settlement Cap
1% / AED 10K
Central Bank
🔄 Free Refinance Calculator

See How Much You Save
by Refinancing

Compare your current mortgage EMI against a new rate. Instantly see monthly savings, total interest saved, and your breakeven point.

Refinance Calculator UAE

Enter your current mortgage details on the left and your new refinance terms on the right

📋 Your Current Mortgage
Outstanding Balance
AED
Current Interest Rate5.50%
%
Remaining Tenure20 yrs
Yrs
✨ New Refinanced Mortgage
New Loan Amount
AED
New Interest Rate3.89%
%
New Tenure20 yrs
Yrs
Additional Costs (processing, valuation, registration)ESF: AED 10,000
AED
Early settlement fee auto-calculated (max AED 10,000 per UAE Central Bank). Add processing fee, valuation, DLD registration as quoted.
Current Monthly EMI
AED 8,255
at 5.50% · 20 yrs
New Monthly EMI
AED 7,202
at 3.89% · 20 yrs
Monthly Saving
AED 1,052
AED 12,627 / year
Total Switching CostAED 25,000Settlement + other fees
Breakeven Point24 monthsMonths to recover costs
Total Interest SavedAED 252,540Over full remaining tenure
Verdict✅ Worth RefinancingBreakeven under 2 years
Get a Free Rate AssessmentSpeak to an Advisor

⚠ Rates and fees are indicative. Early settlement fee capped at 1% or AED 10,000 per UAE Central Bank regulations. Additional costs vary by bank. This tool does not constitute financial advice.

💰 Typical Refinancing Costs

Early settlement feeMax AED 10,000
New bank processing fee0% of loan
Property valuationAED 2,500–3,500
DLD mortgage registration0.25% + AED 290
Life insurance reassignmentVaries

✅ Refinance Eligibility Requirements in the UAE

✓An existing mortgage with at least 6–12 months of repayments
✓Stable income meeting the bank's DBR (max 50%)
✓A good AECB credit score (650+)
✓A completed, bank-approved property
✓Valid residency visa and Emirates ID

How Refinance Savings and Breakeven Are Calculated

Monthly Saving = Current Monthly EMI − New Monthly EMI

Breakeven Point (months) = Total Switching Cost ÷ Monthly Saving

Total Interest Saved = (Current Total Interest Over Remaining Tenure) − (New Total Interest Over Same Tenure)

Worked example: On a AED 1,200,000 balance with 20 years remaining, dropping your rate from 5.50% to 3.89% saves approximately AED 1,052/month. With a AED 25,000 total switching cost, that breaks even in about 24 months — meaning every month after that is pure savings for the rest of your term.

Is Refinancing Right for You?

Our advisors compare rates from 15+ UAE banks and calculate your exact savings — free of charge.

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Reviewed by Harjinder Singh, Director of Mortgages at Neon Mortgage·Last updated: September 2026
Is now the right time?

When Should You Refinance Your Mortgage?

Rates Have Dropped

Rates Have Dropped

If market rates are 0.5% or more below your current rate, refinancing often makes financial sense — especially with a large outstanding balance.

Fixed Period Ending

Fixed Period Ending

When your fixed-rate period expires and the bank reverts you to a variable rate, it is the optimal time to shop for a better deal.

Need to Release Cash

Need to Release Cash

If your property has increased in value, cash-out refinancing lets you access equity for renovations, investments, or other needs.

Switch Rate Type

Switch Rate Type

Move from a variable EIBOR-linked rate to a fixed rate for predictable monthly payments — or vice versa if rates are falling.

Shorten Your Tenure

Shorten Your Tenure

Refinancing can help you reduce your loan tenure without significantly increasing your EMI if you secure a lower rate.

Better Bank Service

Better Bank Service

If your current bank offers poor service, limited digital tools, or uncompetitive rates, switching is simpler than most people expect.

Refinance Mortgage Questions

1. What does refinancing a mortgage mean in the UAE?

+
Refinancing means replacing your existing mortgage with a new one, usually at a lower interest rate or on better terms. In the UAE you can refinance with your current bank (a rate renegotiation) or transfer your full mortgage to a new lender (buyout). A mortgage broker compares both options for you.

2. How much can I save by refinancing in Dubai?

+

Savings depend on your outstanding balance, remaining tenure, and the rate difference. On a AED 1.2 million balance with 20 years remaining, reducing your rate from 5.5% to 3.89% saves approximately AED 1,052 per month. Use our calculator above to see your exact numbers.

3. What is the early settlement fee for refinancing?

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The UAE Central Bank caps early settlement fees at 1% of the outstanding loan balance or AED 10,000 — whichever is lower. This is the main switching cost. Our calculator automatically applies this cap when calculating your breakeven point.

4. How long does refinancing take in the UAE?

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Refinancing typically takes 3 to 6 weeks from application to completion. This includes property valuation by the new bank, mortgage discharge documentation from the old bank, and registration of the new mortgage with the Dubai Land Department.

Ready to Start Saving?

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