Free tool
Loan calculator
Put in the amount, the interest rate and the years. It gives you the monthly payment, what the loan costs you in interest, and how the balance falls each year.
Use the tool%
60 months
Equal monthly instalments, interest charged on the balance that is left.
Monthly payment
40,076 L
per month
What you repay
- Borrowed
- 2,000,000 L
- Interest
- 404,554 L
- Total you repay
- 2,404,554 L
How the balance falls
| Year | Principal paid | Interest paid | Still owed |
|---|---|---|---|
| 1 | 342,526 L | 138,385 L | 1,657,474 L |
| 2 | 369,117 L | 111,793 L | 1,288,356 L |
| 3 | 397,773 L | 83,138 L | 890,584 L |
| 4 | 428,653 L | 52,258 L | 461,931 L |
| 5 | 461,931 L | 18,980 L | 0 L |
About this calculator
Which loans does this work for?
Any loan repaid in equal monthly instalments, which is how most business and personal loans in Albania are written. If your contract has a grace period, a variable rate or a balloon payment at the end, the real schedule will differ from this one.
Is the interest rate the same as the rate the bank advertises?
Put in the nominal annual rate from the offer. Banks also quote an effective rate, which includes fees, insurance and charges, so the money leaving your account each month can be higher than what this shows.
Does this tell me whether a bank will lend to me?
No. It only does the arithmetic. What a bank decides depends on your accounts, your turnover, your existing obligations and the collateral, which is the file we put together for you.
Applying for a loan?
A bank reads your file before it reads your plan. We put together the statements, the turnover history and the company documents in the form a bank expects.