10 000 ₾ · 24 mo
Loan calculator with effective interest rate
Check a loan offer before you sign. Enter the amount, the yearly interest rate and the term to get the monthly payment, the total interest and the full repayment schedule. Add upfront and monthly fees to see the effective annual rate — the real cost of the loan, and the number to compare offers by. Works for equal (annuity) and decreasing payments.
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The nominal rate from the offer.
The same payment every month; early payments are mostly interest.
- Monthly payment
- 480.13 ₾
- Total interest
- 1,523.09 ₾
- Fees
- 0.00 ₾
- Total to repay
- 11,523.09 ₾
- Cost of the loan
- 1,523.09 ₾
- Effective annual rate
- 14.93%
The effective rate includes interest and fees over 24 months — compare offers by this number, not the nominal rate.
Repayment schedule (24 months)
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | 480.13 | 363.46 | 116.67 | 9,636.54 |
| 2 | 480.13 | 367.70 | 112.43 | 9,268.84 |
| 3 | 480.13 | 371.99 | 108.14 | 8,896.84 |
| 4 | 480.13 | 376.33 | 103.80 | 8,520.51 |
| 5 | 480.13 | 380.72 | 99.41 | 8,139.79 |
| 6 | 480.13 | 385.16 | 94.96 | 7,754.62 |
| 7 | 480.13 | 389.66 | 90.47 | 7,364.96 |
| 8 | 480.13 | 394.20 | 85.92 | 6,970.76 |
| 9 | 480.13 | 398.80 | 81.33 | 6,571.96 |
| 10 | 480.13 | 403.46 | 76.67 | 6,168.50 |
| 11 | 480.13 | 408.16 | 71.97 | 5,760.34 |
| 12 | 480.13 | 412.92 | 67.20 | 5,347.41 |
| 13 | 480.13 | 417.74 | 62.39 | 4,929.67 |
| 14 | 480.13 | 422.62 | 57.51 | 4,507.06 |
| 15 | 480.13 | 427.55 | 52.58 | 4,079.51 |
| 16 | 480.13 | 432.53 | 47.59 | 3,646.97 |
| 17 | 480.13 | 437.58 | 42.55 | 3,209.39 |
| 18 | 480.13 | 442.69 | 37.44 | 2,766.71 |
| 19 | 480.13 | 447.85 | 32.28 | 2,318.86 |
| 20 | 480.13 | 453.08 | 27.05 | 1,865.78 |
| 21 | 480.13 | 458.36 | 21.77 | 1,407.42 |
| 22 | 480.13 | 463.71 | 16.42 | 943.71 |
| 23 | 480.13 | 469.12 | 11.01 | 474.59 |
| 24 | 480.13 | 474.59 | 5.54 | 0.00 |
How to use Loan calculator
Step 1: Enter the loan amount, the interest rate and the term.
Step 2: Choose equal or decreasing payments and add any fees from the offer.
Step 3: Read the monthly payment, total cost and effective rate, and open the schedule month by month.
Frequently asked questions
What is the effective interest rate?
The yearly rate that makes what you receive (the loan minus upfront fees) equal to everything you pay back, including fees. It’s usually higher than the nominal rate and is the fairest way to compare loans.
Equal or decreasing payments — which is cheaper?
Decreasing payments cost less interest overall because the principal shrinks faster, but the first payments are higher. Equal (annuity) payments are easier to budget.
Is there a limit on interest rates in Georgia?
Yes. The effective annual interest rate on loans to individuals is capped at 50%. The calculator warns you if an offer is above it.
Are my numbers sent anywhere?
No. Everything is calculated in your browser.