Hasebah

Personal Loan Calculator

Estimate the monthly payment, total repayment, interest, and debt burden for a personal loan.

Decision calculatorFully localized assumptionsCountry-specificScenario comparisonInteractive chart

Last updated: 2026-06-03

Inputs

Input mode

Formula transparency

Source: default
PMT = P · r · (1+r)^n / ((1+r)^n − 1)

How to use it

  1. Enter the loan amount, annual rate, and term.
  2. Add your income to see the affordability assessment.
  3. Use advanced mode for fees and existing debt.

Example

  • 8,000 at 9% over 4 years ≈ a ~199/month installment and ~1,550 total interest.

What the result means

The installment is what you pay monthly; total interest is the extra you pay beyond the principal over the full term.

Common mistakes

  • Comparing only the monthly payment, not total cost.
  • Forgetting fees and insurance.
  • Using expected income instead of current income.

Limitations

  • Uses reducing-balance math; your bank's effective rate may differ.
  • Estimate only — confirm with the bank.

Frequently asked

How is this different from the general loan calculator?
Same math, but with personal-loan-specific inputs, guidance, and tips.
Does it support Islamic financing?
Yes — enter the disclosed profit rate instead of interest.
What is a safe debt burden?
Generally under 25% safe, 25–35% acceptable, above that high.
Do you store my data?
No — all calculations run locally in your browser.
Is this a substitute for the bank?
No — it's a planning estimate. Confirm official figures with your bank.

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Results are estimates and not professional advice. Verify important decisions with a qualified professional.