Loan Calculator
Enter the loan amount, interest rate, and term to get the monthly payment and full amortization schedule.
Amortization Schedule
| Month | Payment | Principal | Interest | Balance |
|---|
How to Use
Enter the Loan Amount
Enter the total loan amount in your local currency or in dollars.
Enter the Annual Interest Rate
Enter the annual interest rate as shown in your bank's offer.
Set the Loan Duration
Enter the loan duration in months or years.
Review the Amortisation Schedule
View the monthly instalment, total interest, and a detailed amortisation schedule for each month.
About Loan Calculator
The Adawix Loan Calculator helps you accurately calculate monthly payments and the full amortization schedule for any bank loan. Enter the loan amount, annual interest rate, and loan term, and instantly get the monthly payment, total amount paid, and total interest. Essential for making informed financial decisions before committing to any loan. See also: Currency Converter.
Results include a detailed amortization table showing for each month the payment, how much goes to principal and interest, and the remaining balance. This gives you a complete picture of your loan trajectory. The calculator works entirely in your browser — your data stays completely private. Free and unlimited. For more productivity, also try: Currency Converter, Zakat Calculator, or VAT Calculator.
The calculator makes it easy to compare multiple loan offers — enter the same principal with different rates or terms and instantly see how much each option costs you in total interest. This lets you choose the best bank offer for your monthly budget without a financial advisor. Try reducing the loan term or increasing a down payment to see the immediate effect on total interest paid.
Calculations use the standard equal-installment amortization method (EMI) most banks apply, where interest is charged on the declining balance each month. All processing happens in your browser with no financial data sent to any server — your data stays completely private. For more financial utilities, visit the Financial Tools section.
Looking for a monthly payment calculator with a detailed formula walkthrough, worked examples, and scenario comparisons? A dedicated guide is available. And if you are thinking about paying off your loan early, try the early repayment calculator to see your remaining balance and the actual interest savings. We also have dedicated pages per loan type: personal loans, mortgages, and auto loans.
Worked example: 10,000 at 8.5% over 3 years
Say you are considering a personal loan of 10,000 (any currency) at 8.5% reducing interest over 36 months. The equal-instalment formula gives a monthly payment of 315.68 — 11,364 in total, of which 1,364 is interest. The table below shows how payments split between principal and interest at the start, middle and end of the loan:
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | 315.68 | 244.85 | 70.83 | 9,755.15 |
| 2 | 315.68 | 246.58 | 69.10 | 9,508.57 |
| 18 | 315.68 | 276.06 | 39.62 | 5,317.02 |
| 36 | 315.68 | 313.46 | 2.22 | 0.00 |
Notice how the ratio flips over time: in month 1, 70.83 of your payment goes to interest and only 244.85 to principal, while in the final month interest nearly vanishes (2.22). That is why early repayment saves the most in the first years — you eliminate the balance on which most of the remaining interest would be charged.
Beware: "flat" interest can cost double the reducing rate
Some banks quote a "flat" rate charged on the full original amount for the whole term, not on the shrinking balance. The difference is huge: the same example loan at a flat 8.5% costs 2,550 in interest instead of 1,364 — equivalent to a reducing rate of roughly 15.4%. Rule of thumb: multiply a flat rate by about 1.8 to estimate its reducing-rate equivalent before comparing.
So never compare two advertised rates directly unless they are the same type. Run each offer through the calculator and compare just two numbers: the monthly payment and total interest — those never lie.
How to compare bank offers before you sign
The interest rate alone is not enough. Always ask for the annual percentage rate (APR), which includes arrangement fees and insurance costs, and ask about the early-settlement fee if you might close the loan ahead of schedule. A 1% arrangement fee on a 3-year loan can raise your real cost more than a quarter-point difference in the rate.
Before committing, apply the debt-burden test: divide all your monthly instalments (including the new one) by your net income. Banks in the region typically cap this ratio between 33% and 50% depending on the country and loan type, but staying under a third leaves you a real safety margin for emergencies.
Frequently Asked Questions
Formula: Monthly payment = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1). Last verified: 26 May 2026. Results are estimates for financial planning only — actual rates and terms vary by lender and creditworthiness.