Personal loan calculator
See your monthly payment and how much interest you pay, at a reducing or flat rate.
Result
Fill in the fields and tap "Calculate" to see the result here.
This is an estimate. Your real payment depends on the bank's offer, fees, insurance and how interest is calculated. Check with your bank before you decide.
How it is calculated
- Reducing balance: payment = P × r × (1+r)^n ÷ ((1+r)^n − 1), where r = yearly rate ÷ 12 ÷ 100 and n = months. At 0% interest the payment is P ÷ n.
- Flat rate: total interest = P × rate ÷ 100 × (n ÷ 12), and payment = (P + interest) ÷ n.
- Total paid = payment × months, and interest = total paid − loan amount.
- For a flat rate we also show the reducing rate that gives the same payment (approximate).
Sources
Last reviewed: 7 October 2026
Questions people ask
What is the difference between a flat and a reducing rate?
A flat rate is charged on the original amount for the whole term. A reducing rate is charged on what you still owe, so it falls with every payment. At the same percentage, flat costs more.
What is the longest term for a personal loan in the UAE?
48 months, under Central Bank rules (Circular 29/2011).
How much can I borrow?
Up to 20 times your salary or total income. Banks may lend less depending on your situation.
How much of my salary can go to loan payments?
All your loan and credit card payments together can be at most 50% of your gross salary and regular income.