Loan & EMI Calculator
Monthly instalment, total interest and a full repayment schedule for car, home or personal loans.
How to use
- Enter the loan amount, yearly interest rate and term.
- Pick “Flat rate” if your bank quotes a flat rate (common for car and personal loans in the UAE). The tool shows the true equivalent rate.
- Add an optional extra monthly payment to see how much interest and time you save.
- Copy the schedule and paste it straight into Excel.
FAQ
What is EMI?
Equated Monthly Instalment: the fixed amount you pay each month, covering both interest and principal.
Flat vs reducing rate?
A flat rate charges interest on the original amount for the whole term, so a 3% flat rate costs much more than 3% reducing. Always compare reducing-balance rates.
Are fees included?
No. Processing fees, insurance and early-settlement charges vary by bank, so add them separately.