Loan Payment Calculator
Estimate your monthly loan payment, total interest and total repayment based on the loan amount, interest rate and repayment period.
Enter your loan information
Enter the principal, annual interest rate and repayment term.
Estimated repayment
Review the estimated monthly payment and total loan cost.
Enter your loan details
DIXANI will estimate your monthly payment, total interest and total repayment.
See the effect of paying extra each month
If you enter an additional monthly payment, the calculator can estimate how much sooner the loan may be repaid and how much interest may be reduced.
What your loan calculation tells you
Looking beyond the monthly payment can give you a clearer picture of the total cost of borrowing and how the loan term affects your repayment.
Monthly Payment
This is the estimated amount paid each month under the standard repayment schedule. It includes both principal repayment and interest.
Total Interest
This shows the estimated interest paid over the full loan term. A longer repayment period can reduce the monthly payment while increasing the total interest paid.
Total Amount Paid
This is the estimated total of all scheduled loan payments. It combines the original principal with the interest paid over the repayment period.
Effect of Extra Payments
Additional monthly payments can reduce the outstanding balance faster. Depending on the loan terms, this may shorten the repayment period and reduce total interest.
Planning tip: Compare both the monthly payment and total interest when evaluating different loan terms. A lower monthly payment does not necessarily mean a lower overall borrowing cost.
Example loan payment calculation
Suppose you borrow QAR 100,000 at an annual interest rate of 5% for 5 years.
Loan Amount: QAR 100,000 • Interest Rate: 5% • Loan Term: 5 years
How loan payments are calculated
For a standard fixed-payment loan, the monthly payment is calculated using the loan principal, monthly interest rate and number of monthly payments.
P = loan principal, r = monthly interest rate, n = number of monthly payments.
Common mistakes when estimating loan payments
A loan can appear affordable based on the monthly payment alone, but several factors can significantly affect the total cost of borrowing.
Looking Only at the Monthly Payment
A lower monthly payment may come from a longer loan term. While this can reduce the monthly burden, it can also increase the total interest paid over the life of the loan.
Ignoring Additional Loan Costs
Processing fees, insurance, administrative charges and other lender costs may increase the actual cost of borrowing. These are not included in this calculator.
Using the Wrong Interest Rate
Enter the annual interest rate that applies to the loan being evaluated. Different loan products may use different rate structures or calculation methods.
Assuming Extra Payments Are Always Allowed
Extra repayments may reduce the loan term and interest, but some loan agreements can have restrictions, fees or specific rules for early repayment.
Understand what the estimate includes
This calculator provides a general repayment estimate for fixed-rate loans.
Fixed Interest Rate
The calculation assumes the entered annual interest rate remains unchanged.
Monthly Payments
The estimate assumes regular monthly loan repayments.
No Additional Fees
Bank fees, insurance, processing charges and other costs are not included.
Planning Estimate
Actual lender calculations and repayment schedules may differ.
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Loan Payment Calculator — Frequently Asked Questions
What does the Loan Payment Calculator calculate?
It estimates the monthly payment, total interest, total repayment and number of payments based on the information you enter.
Can I calculate a zero-interest loan?
Yes. If the annual interest rate is zero, the calculator divides the loan amount equally across the repayment period.
What does extra monthly payment mean?
It is an optional amount paid in addition to the regular monthly payment. Extra payments may reduce the repayment period and total interest.
Does this calculator include bank fees?
No. Processing fees, insurance, administrative charges and other lender-specific costs are not included.
Is this financial advice?
No. This calculator is intended for general planning and estimation. Actual loan terms and repayment schedules should be confirmed with the lender.