WHAT IS YOUR home loan PLAN?

AED
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Years
This Field is Required. Select years between 1 to 25

Estimated Current Account Balance?

This is an estimated balance that you will maintain in your bank account.
AED
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CALCULATE SAVINGS
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comparison for a loan amount of AED 1,000,000

standard home loan
Total Interest Cost
391,903
homesaver loan

interest saved

AED 86,553

tenure saved

31 Mo

Total Interest Cost
391,903
With the HomeSaver Loan you can reduce the loan tenure by 31 Months and save up to AED 86,553 in interest cost when compared to standard Home Loan
With your estimated account balance you would benefit from a reduction in your home loan tenure. However, to also benefit from a lower interest cost, it is recommended to maintain a higher current account balance.
With your estimated current balance, it would be more beneficial for you to take a standard Home loan with ADCB, instead of Mortgage Home Saver.
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Loan pay-off in a nutshell

Standard Home Loan

HOME
SAVER loan

  • Loan amount (AED)
  • Interest rate charged on loan per annum
  • Original loan tenure (Years)
  • Interest rate paid on account balance per annum
  • Average account balance maintained (AED)
  • 1,000,000
  • 3.5%
  • 25
  •  
  •  
  • 1,000,000
  • 3.5%
  • 25
  • 3%
  • 300,000
  • Regular monthly installment (AED)
  • Total installments required to be paid
  • Total payment towards loan (AED)
  • Total interest paid towards loan
  • Effective savings in interest cost (AED)
    (Even on higher loan rate)
  • Effective savings in interest cost
    (In % as compared to standard home loan)
  • Effective savings in tenure (In months)
    (How early you own the home)
  • 5,006
  • 300
  • 1,501,871
  • 501,871
  •  
     
  •  
     
  •  
     
  • 5,006
  • 300
  • 1,501,871
  • 501,871
  • 86,553
     
  • 14.82%
     
  • 31
     

  • result

Disclaimer:

The above figures are based on indicative interest rates used for illustrative purposes only and do not apply to your loan, actual rates are subject to change. The computation of the benefits and savings is based on simulated figures and a number of underlying assumptions. Please consult your Relationship Manager/or visit the nearest branch/or send “HOMESAVER” as an SMS to 2626 for a call back to ensure that you receive complete information about the home saver product.