Compare your current mortgage EMI against a new rate. Instantly see monthly savings, total interest saved, and your breakeven point.
Enter your current mortgage details on the left and your new refinance terms on the right
⚠ 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.
Our advisors compare rates from 20+ UAE banks and calculate your exact savings — free of charge.
Get Free AssessmentIf market rates are 0.5% or more below your current rate, refinancing often makes financial sense — especially with a large outstanding balance.
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.
If your property has increased in value, cash-out refinancing lets you access equity for renovations, investments, or other needs.
Move from a variable EIBOR-linked rate to a fixed rate for predictable monthly payments — or vice versa if rates are falling.
Refinancing can help you reduce your loan tenure without significantly increasing your EMI if you secure a lower rate.
If your current bank offers poor service, limited digital tools, or uncompetitive rates, switching is simpler than most people expect.
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 (a 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 1,046 per month — over AED 250,000 over the full tenure. Use our calculator above to see your exact numbers.
3. What is the early settlement fee for refinancing?
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?
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.
Let Neon Mortgage compare refinance rates from 20+ UAE banks and find you the best deal — at no cost to you.
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