Personal Loan Calculator
Understand your monthly repayment and the full cost of borrowing.
Monthly repayment
An illustration based on your inputs, not a quote or recommendation.
Read the formula and assumptions below before making a decision.
Personal Loan: worked example
This is an illustrative scenario using the default inputs, not your personal result. Amounts use AED for illustration; the general formula also accepts your own figures in the selected currency.
| Input | Example value |
|---|---|
| Loan amount | AED 50,000.00 |
| Annual reducing-balance interest rate | 7% |
| Loan term in months | 48 months |
| Upfront fees (paid separately) | AED 0.00 |
Monthly repayment: AED 1,197.31
- Total repayments: AED 57,470.99
- Interest over the term: AED 7,470.99
- Total borrowing cost including fees: AED 7,470.99
Before you use this estimate
Compare total repayments and upfront fees as well as the monthly amount. Check whether a quote uses a flat rate, nominal reducing-balance rate or a fee-inclusive APR before entering it.
Can I enter a flat interest rate as the reducing-balance rate?
No. These are different pricing methods. Ask the lender for the nominal reducing-balance rate and schedule; entering a flat rate here can understate repayments.
How the calculation works
Assumptions & limitations
Fixed rate, monthly payments in arrears, reducing balance. Enter the contractual nominal rate, not a flat rate or fee-inclusive APR. Fees are paid upfront and not financed.
Use the result thoughtfully
Try a second scenario to see how a change in costs, timing or contributions affects the result. Keep all amounts in one currency and use consistent periods. Confirm important figures against your own records before acting.
Last reviewed: 3 November 2026 · Method and example review by CashOrbits.
Full precision is used for calculations; displayed amounts are rounded.