CredReport
At the end of the consultation you get an assessment of your position, prepared the way a private bank would prepare it for a client. It is dated and versioned. You can download it, send it to whoever is buying with you, or take it to any broker or bank in the country.
What you can borrow, what the property costs you in cash, and whether the financing cap or your income is the thing limiting you.
If you qualify for an 80% mortgage but your income only supports less, the difference has to come from your own cash. We show that gap and explain the regulation behind it.
Deposit, transfer fee, agency, bank arrangement and mortgage registration, itemised, with each line explaining where the number comes from.
Ranked by what each is worth in dirhams. Reducing a card limit you never use is often worth more than anything else available to you.
Ranked by fit rather than by rate alone, with the reasoning shown. The cheapest rate is frequently the wrong choice, and we say why.
What the monthly figure is exposed to, so a fixed period ending in three years is something you decided on rather than discovered.
You came to release capital, and AED 300,000 is available while restructuring at the lower rate: your new payment is AED 7,712 a month, of which about AED 1,542 is the cost of the cash. If your priority is instead the lowest interest cost, refinancing the balance on your current 15-year term saves about AED 136,458 over the term. A CredMe Advisor can validate live terms and confirm which structure best matches your objective.
Only the first part replaces a debt you already had. The second is new borrowing, and it is priced and judged separately on the next page.
Releasing AED 300,000 adds about AED 1,542 to the monthly payment over 25 years, so you can judge the additional borrowing on its own terms, separately from the refinance saving.
An advisor can work backwards from what you have to the price that fits it.
Each column is a different structure on the same eligible rate: A keeps your current term and lowers the cost, B extends the term to lower the monthly payment, C releases cash. They are not steps in one deal; they are the choices.
The capital is judged on its own terms: worth drawing for what you would do with it, at AED 1,542 a month. The refinance saving in the comparison above stands whichever way you decide about the cash.
15 lender products currently match your profile in this comparison. These are the strongest.
Lowest modelled total cost over the 25-year term used for this analysis, among the options currently compared, once any rate change after the fixed period is counted.
Sharjah Islamic Bank is also the lowest modelled rate for your profile at 3.75%. The two coincide here: the cheapest rate is also the strongest overall fit, which is not automatic, and is why both are stated.
Each is placed by the evidence noted against it.
The AED 10,000 your current bank charges to release the balance is settled between the two lenders as part of the switch, not paid by you on the day. It is still a real cost of moving and is repaid over the term with the rest of the mortgage.
The government charges and the early-settlement charge above are set. Applicable third-party completion charges, such as the trustee office fee, are shown at their expected amount and are confirmed during the transaction. The liability letter (outgoing bank) is an estimate that vary by lender within the range shown against each, which is why the schedule runs from AED 29,118 to AED 29,154. They settle once your lender is confirmed and a written settlement statement is obtained.
Your current rate is 5.25% and the best rate your profile matches today is 3.75%. A gap this size is exactly what makes restructuring worthwhile, and a CredMe Advisor can put the strongest live terms in place for you.
Take out ~10% less equity on top of the balance you refinance, CredMe re-ran your case this way and the best monthly payment fell by about AED 771. That figure is measured rather than estimated: CredMe re-ran your case with the change applied and compared the results.
Drawing AED 300,000 adds about AED 1,542 a month to your payment, so you can weigh the liquidity it gives you against that commitment. Across the full term it costs about AED 162,718 in interest. It is capital borrowed against your property and repaid over the mortgage term, which is what keeps the monthly cost this low.
A CredMe Advisor will validate the live lender terms behind this and confirm which structure best matches your objective, whether that is lowering the cost, lowering the payment, or releasing equity, then handle the switch end to end.
All four of the checks a lender applies are met: affordability is stable, the borrowing capacity suits the case, lender compatibility is strong, and the key requirements are satisfied.
Based on the modelled lending limit, up to approximately AED 800,000 of additional equity may be available beyond your current mortgage balance; this analysis releases AED 300,000. Drawing more raises the payment and the financing cost, so the right amount is the one that matches your objective.
In this illustration, using property equity gives you access to the same AED 300,000 with a significantly lower required monthly commitment, because the assumed mortgage rate is lower and the repayment is spread over a longer period.
A longer repayment period can increase the total interest paid if the borrowing is carried for the full mortgage term, which is the trade-off for the lower monthly commitment.
Personal loan illustration only, at an assumed 7.50% over 4 years. It is not a live offer; actual personal-loan pricing and eligibility vary by bank and customer.
The saving on today's eligible products is available now. Which structure to take it through is the choice set out earlier in this report, and it turns on whether total cost, monthly cash flow or access to capital matters most to you.
This is your proposed AED 1.50M facility, the balance you refinance plus the equity you release, not your current mortgage.
Paying as agreed takes AED 115,052 off the balance over 3 years, and your loan from 60.0% to 55.4% of the property's value: steady progress rather than a step change.
Property value held at the AED 2,500,000 on file. This is not a forecast of what the property will be worth.
Assumes payments continue on the current schedule, with no overpayments, missed payments or payment holidays.
Assumes the rate stays as it is today. CredMe does not forecast interest rates.
You can finance AED 1,500,000, you have eligible products, and nothing in your profile is currently holding that figure down.
None of these stops the recommendation standing. Each is something a CredMe consultant can confirm with you, and each would make the answer sharper than it already is.
Your next move starts with choosing the right structure.
We will confirm the live lender terms, validate the property and documents, and structure the refinance around your objective.
Every figure is calculated from dated policy records: Central Bank of the UAE lending limits, current transfer costs, and lender criteria. The document records which policy version produced it, so any number in it can be traced back to the rule behind it.
No language model calculates anything. It explains what the engine produced, and nothing more.
Your position changes as your file changes. Reduce a card limit, get a pay rise, look at a different property, and the answer moves. Come back and we will reissue it, free, as often as you like.
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