Compute the monthly installment, total interest and total repaid for any loan: amount, tenor and rate, with reducing-balance or flat-rate methods.
Run both methods on the same numbers to see the real cost difference before signing.
Editor-in-Chief Mohamed Salah
BANKY NOW 2 Nov 2026
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Do the maths with Banky
Loan repayment
Work out the monthly installment, total interest, effective APR and schedule.
- 1Enter the loan amount, annual interest rate and term
- 2See the result instantly
- 3Compare the products that fit
Monthly installment: 6,086 EGP
Monthly installment 6,086EGP
Total due 292,131EGP
Total interest 92,131EGP
Effective APR 11.89%
Admin fees 3,000EGP
Total cost of loan 295,131EGP
Yearly breakdown
| Period | Balance | Interest | Cumulative |
|---|---|---|---|
| سنة 1 | 163,764 | 36,797 | 36,797 |
| سنة 2 | 119,579 | 28,848 | 65,645 |
| سنة 3 | 65,700 | 19,154 | 84,798 |
| سنة 4 | 0 | 7,333 | 92,131 |
Amortization sample
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | 6,086 | 2,753 | 3,333 | 197,247 |
| 2 | 6,086 | 2,799 | 3,287 | 194,449 |
| 3 | 6,086 | 2,845 | 3,241 | 191,603 |
| 4 | 6,086 | 2,893 | 3,193 | 188,711 |
| 5 | 6,086 | 2,941 | 3,145 | 185,770 |
| 6 | 6,086 | 2,990 | 3,096 | 182,780 |
| 7 | 6,086 | 3,040 | 3,046 | 179,740 |
| 8 | 6,086 | 3,090 | 2,996 | 176,650 |
| 9 | 6,086 | 3,142 | 2,944 | 173,508 |
| 10 | 6,086 | 3,194 | 2,892 | 170,314 |
| 11 | 6,086 | 3,248 | 2,839 | 167,066 |
| 12 | 6,086 | 3,302 | 2,784 | 163,764 |
Showing the first months of the schedule as a sample.
Results are estimates for guidance only and may differ from a bank's actual offer.
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About this calculator
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FAQs
What is the difference between reducing-balance and flat rate?
Reducing-balance charges interest on the remaining principal so it shrinks with each payment; flat rate charges on the full principal for the whole tenor, making its effective cost higher at the same advertised rate.
Does the shown installment include fees and insurance?
No — the installment reflects interest only. Add administrative fees and life insurance from the bank's product details where applicable.
How do I reduce total interest paid?
Shorten the tenor, raise the down payment, or secure a lower rate — try scenarios here, then compare real bank offers.
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