Loan / EMI Calculator
Fixed-rate · Qatari Riyal
Loan details
How the EMI is calculated
Estimate the monthly instalment (EMI) and total cost of a loan or mortgage at a fixed rate.
EMI = P·r·(1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the principal, r the monthly rate and n the number of months.
Every instalment is equal; early payments are mostly interest, later ones mostly principal.
Total interest is the EMI times the number of months, minus the amount borrowed.
Banks may add fees, insurance or variable rates. Use this as a guide and confirm with your lender.
Frequently asked questions
How is the monthly instalment (EMI) calculated?
The calculator uses the standard fixed-rate amortization formula based on your loan amount, annual interest rate, and term, then shows the monthly payment, total interest, and total repayment.
Will the result match my bank exactly?
It’s a close estimate. Banks may add fees, insurance, or use a slightly different day-count or profit method, so treat the figure as a guide and confirm with your lender.
Does it work for Islamic (Murabaha) finance?
For a fixed profit rate it gives a very similar monthly figure, but exact Islamic-finance terms vary by bank — always check your contract.