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Loan and installment calculator

See the monthly installment and the true cost of finance — including what a “flat” rate really costs per year.

No uploadInstant & free
How the rate is applied

Most car finance in the Gulf quotes a flat rate: the rate is charged on the full amount for the whole term, so it costs much more than the same APR.

Monthly payment
2,083.33
Total profit / interest
25,000
Total you pay
125,000
Amount financed
100,000
Real annual rate (APR)
9.15%
A flat rate here costs the same as 9.15% on a declining balance.

Fees, insurance and Islamic finance structures can change the real cost. Ask the bank for the APR and total cost before signing.

Results update as you type.

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How to use the Loan and installment calculator

  1. 1Enter the amount, down payment, rate and term.
  2. 2Choose flat rate or declining balance.
  3. 3Read the monthly installment, total cost and real annual rate.
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Frequently asked questions

What is the difference between a flat rate and APR?

A flat rate is charged on the full amount for the whole term, even as you repay it. 5% flat over 5 years costs about the same as 9.1% on a declining balance.

Is my data sent anywhere?

No. Everything is calculated in your browser on your own device — nothing you type or upload is sent to a server.

All tools: Calculators & Units

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