Loan Calculator

Using Bank al Etihad loan calculator, you can easily find out the details of any loan you want to apply for. Simply enter the loan amount, repayment period, and interest rate, and the calculator will show you the monthly instalment, total repayment amount, and total interest.

Loan Calculator

Step 1 of 6

Tap on "Loans" from the bar at the top of the main screen

You will be directed to a screen containing your existing loans and pending loan applications. You can access the loan calculator from the top right corner of the screen or through "Hub".

Step 2 of 6

Tap on "Calculator" located at the top right corner of the screen

You will be directed to the "Loan calculator" screen, where you can enter the details of the loan you want to calculate.

Step 3 of 6

Select the type of loan you want to calculate from the bar at the top of the screen

You will be able to choose the loan amount, repayment period, and interest rate.

Step 4 of 6

Tap on "Calculate" after specifying the necessary details

You'll find the calculation results at the bottom, showing your monthly instalment, total repayment amount, and total interest.

Step 5 of 6

Tap on "Apply" if you want to submit a loan application or on "Clear" to reset the details and enter new ones.

If you apply for a personal loan, you will be directed to the personal loan request screen within our app. For car or housing loans, you will proceed to the "New loan request" screen to enter your monthly salary and update your phone number if needed. Afterwards, tap on "Submit", and one of our representatives will contact you to finalize the process.

Step 6 of 6

Congratulations!

You've successfully applied for a loan.

Read the FAQ’s

What is the loan calculator?

The loan calculator is a tool that allows you to calculate any loan you’re planning to get. Simply enter the loan amount, repayment period, and interest rate, then tap on “Calculate” to get the monthly instalment, total repayment, and total interest.

What are the benefits of the loan calculator?

It helps you compare different loan options.
It helps you calculate the total cost of the loan.
It’s easy to use.

What types of loans can I calculate using the loan calculator?

You can use the loan calculator to calculate various scenarios for personal, housing, and car loans.

Does the loan calculator help me determine if I can afford the loan?

The loan calculator gives you an estimated amount for your monthly payments, helping you decide if this option is suitable for you or if another option would be better.

Are the calculations accurate/final?

The numbers shown by the loan calculator are estimates and are subject to terms and conditions.

Can I calculate different loan scenarios using the loan calculator?

Yes, the loan calculator allows you to calculate multiple scenarios based on your preferences, helping you choose a suitable loan based on your income and expenses.

Can I apply for any loan after calculating it?

Yes, you can do so by tapping on “Apply” after calculating the loan. If you apply for a personal loan, you’ll be directed to the personal loan request screen within the app. For housing or car loans, you’ll need to enter your monthly salary and phone number, and one of our representatives will contact you to complete the process.

How can I know if I qualify for a loan?

The loan calculator doesn’t show you if you qualify. Eligibility is determined when you submit your loan application.

Published:

22 April 2024

Tags:

Installment

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