Monthly instalment & interest breakdown — based on current UAE rules. Adjust the inputs and press Calculate.
Fill in the form and press Calculate to see your result here.
Equal Monthly Instalment (EMI) is the fixed monthly amount that fully repays a loan — principal plus interest — over its tenure, using the standard reducing-balance method most UAE banks use for personal, auto and mortgage loans.
EMI = P × r × (1+r)ⁿ ÷ [(1+r)ⁿ − 1]
where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments.
No — this calculator computes pure principal-and-interest EMI. Banks in the UAE often charge a one-off processing fee, which is not included here.
Some banks use flat-rate interest rather than reducing-balance, or add fees into the effective rate, which can produce a different figure than this reducing-balance calculation.
Yes, the same reducing-balance formula applies — just enter the loan amount, annual rate and tenure in months.