Personal loan calculator 2026: instalment and APR

Repayment schedule

How the calculation works

• Flat rate: profit is charged on the full amount for the whole term, even as you repay it. Personal loans are usually advertised this way.
• APR: the annual percentage rate is the true yearly cost on the reducing balance, including fees. Compare offers on APR, not on the flat rate.
• Salary deduction cap: your instalments together may not exceed a set share of your salary, and the term has a legal maximum. These two limits set the most you can borrow.

Islamic banks call the bank's return "profit" rather than interest; the arithmetic is the same.

Regulatory rules by country

🇸🇦 Saudi Arabia

• The instalment deducted from salary may not exceed 33.33% of gross salary for employees and 25% for retirees.
• Total non-mortgage obligations may not exceed 45% of monthly income for those earning up to 24,999 riyals.
• The maximum term for consumer finance is 5 years (60 months), except for mortgages and credit cards.
• The annual percentage rate (APR) must be disclosed in adverts, offers and contracts.

🇦🇪 United Arab Emirates

• The maximum personal loan is 20 times the monthly salary or income.
• The maximum term is 48 months.
• Total loan and card instalments may not exceed 50% of gross salary, and 30% of the pension for retirees.
• Interest is calculated on the declining balance, and any advert with a flat rate must show the equivalent effective rate next to it.
• Interest may not be deducted upfront from the loan amount.

🇰🇼 Kuwait

• A consumer loan of up to 25 times net salary and at most 25,000 dinars, for a term of no more than 5 years.
• Total monthly instalments on all loans and cards may not exceed 40% of net salary for employees and 30% for retirees.
• The interest rate may not exceed the Central Bank of Kuwait discount rate + 3%, and is fixed for consumer loans.
• A large final balloon payment may not be required in any type of financing.

🇶🇦 Qatar

• A personal loan for a citizen of up to 2 million riyals over 6 years, and for an expat of up to 400,000 riyals over 4 years (up to 1 million riyals if secured against the end-of-service gratuity).
• The instalment cap for citizens is 75% of basic salary and social allowance, and for expats 50% of gross salary.
• The interest rate may not exceed the Qatar Central Bank lending rate + 1.5% on the declining balance.
• No fees or commissions other than interest are charged on salary loans.

🇧🇭 Bahrain

• Instalments on all consumer finance obligations may not exceed 50% of gross monthly income; this may be exceeded for those earning more than 3,000 dinars after a documented assessment (CM-5.4.1).
• The maximum term for consumer finance is 7 years; it may not be extended more than twice or go beyond 7 years from the date of the original facility (CM-5.4.8).
• Credit cards are counted in the instalments at 5% of their limit.

🇴🇲 Oman

• According to press reports and bank documents (we could not reach the Central Bank website): instalments up to 50% of salary, and 60% with a housing loan.
• Personal loan terms up to 10 years at banks and 7 years at finance companies (June 2023 circular to finance companies).
• A cap of 6% a year on personal loans since October 2013 according to press reports; we have not confirmed that it still applies.

🇪🇬 Egypt

• Total instalments on consumer loans (personal, car, cards and mortgages outside the Mortgage Finance Law) may not exceed 50% of monthly income after taxes and social insurance (Governor's letter of 19 December 2019).
• The instructions set no maximum term or return cap on personal loans; each bank's policy sets them (we assumed up to 10 years).
• The bank must disclose the effective annual rate of return and state whether the return is fixed or variable.

🇯🇴 Jordan

• There is no single deduction ratio set by the Central Bank: the debt burden ratio and the maximum amount and term of each loan are set by each bank in its credit policy (Article 59 of Financial Consumer Protection Instructions 14/2024, in force since 1 July 2025).
• The loan arrangement commission may not exceed 1% of the loan value, charged once; late payment interest may not exceed 1% a year above the applied rate; and card interest is up to 1.5% a month.
• Disclosure of the effective annual interest rate is mandatory (Article 47).

Related calculators

Results are estimates for information only. Banks set their own rates and fees within these rules, so check the offer you receive.