Personal Loan Calculator
Use this calculator to estimate your loan installment before applying at the bank.
Monthly payment
SAR 1,188
- Total interest
- SAR 11,284
- Total paid
- SAR 71,284
- # payments
- 60
How it works
Uses the same amortization formula, showing principal vs interest portions of the total cost.
Formula
M = P · r · (1 + r)^n / ((1 + r)^n − 1)
Worked example
A SAR 60,000 loan at 7% for 5 years ≈ SAR 1,188/month.
FAQ
- Is the installment fixed?
- Yes — with standard amortization the monthly payment is constant.
- What about early repayment?
- Fees vary by lender, but early repayment usually lowers your total interest.
- Is the rate monthly or annual?
- Enter the annual rate — we divide by 12 automatically.