How to use the loan calculator
Enter the amount you plan to borrow in Armenian drams, the annual nominal interest rate and the number of monthly payments. The estimate assumes a fixed rate and equal payments at the end of each month. Compare both the monthly payment and the total interest when changing the term.
Calculation and example
The monthly rate is the annual rate divided by 12. For a zero-interest loan, the payment is the principal divided by the number of months. For example, borrowing 1,200,000 AMD at 0% for 12 months gives a payment of 100,000 AMD per month and total repayments of 1,200,000 AMD. These are illustrative inputs, not a bank offer.
What is excluded?
The result excludes origination and service fees, insurance, penalties, changing interest rates and daily interest adjustments. A bank’s contractual schedule can differ. The nominal rate you enter is not the annual percentage rate including costs; request the lender’s full cost disclosure before comparing offers.
Does a lower monthly payment mean a cheaper loan?
Not necessarily. A longer term can reduce the monthly payment while increasing total interest. Compare the total amount repaid, and use the refinancing or early repayment calculator when comparing an existing loan with a different repayment plan.