Loan Calculator
Monthly payment
ETB 0
Total interest paid
ETB 0
Total payable
ETB 0
ETB 500,000
10 yrs
14.5%
3/5 selected
Note: Rates shown are estimated average lending rates. Actual rates vary by loan type (mortgage, vehicle, personal). Islamic banks utilize cost-plus (Murabaha) financing where the margin is estimated here as an equivalent rate for comparison.
M = P [ r(1 + r)^n ] / [ (1 + r)^n – 1 ]