Mortgage Term

The mortgage term is the duration over which the loan must be repaid, typically 15-25 years in UAE, directly affecting monthly payment amounts, total interest paid, and borrower age restrictions.

Available TermsDuration
Short-term5-10 years
Standard15-20 years
Long-term25 years maximum UAE
Age restrictionMaturity before age 65-70
Term Selection ImpactAED 2M at 5%
15 yearsAED 15,823 monthly, AED 848,140 interest
20 yearsAED 13,200 monthly, AED 1,168,000 interest
25 yearsAED 11,684 monthly, AED 1,505,200 interest
Difference 15 vs 25AED 4,139 monthly, AED 657,060 more interest
Decision FactorsConsideration
Monthly budgetShorter = higher payments
Total costLonger = more interest
Investment strategyCash flow vs equity building
Life stageRetirement planning


Related Terms

AmortizationLoan AmortizationAmortization ScheduleInterest RateMortgage (Residential)Green MortgageCommercial MortgageMortgage CapMortgage InsuranceMortgage TermMortgage Processing FeeCapped Rate Mortgage Fixed-Rate MortgageFloating Rate MortgageFixed Payment MortgagePre-Approval (Mortgage)Buy-to-Let Mortgage Monthly PaymentMaturity DateInterest Rate

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