How is the monthly payment calculated?

By fixed-rate amortization: monthly payment = amount × (monthly rate × (1+rate)^n) ÷ ((1+rate)^n − 1), where n is the number of months and monthly rate = annual rate ÷ 12.

What is the difference between total cost and amount borrowed?

Total cost = monthly payment × number of months; it includes the amount borrowed plus total interest paid over the entire term.

Are the rates official?

The displayed rates are indicative, sourced from bank websites for the first half of 2026, and vary according to your profile and term; verify with your bank. Only the usury ceiling is officially set by the Bank of Algeria each half-year.

Does the tool handle Islamic finance (Mourabaha)?

In an approximate way: choose the relevant bank or 'Other' and enter the profit margin rate in the custom rate field.

Does the result include processing fees and insurance?

No, the tool only estimates the monthly payment and interest; your bank may add processing fees and insurance (death/disability, home insurance, etc.) – ask for the full offer.

Loan Calculator by Bank – Monthly Payment Algeria 2026

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Bank

Loan type

Loan amount

DA

The total amount borrowed

Term (years)

per year

Number of years to repay

Custom rate (%)

%

Used only when the bank is 'Other'

Monthly payment

19,217DA

Loan amount87%

Total interest13%

Loan amount1,000,000DA

Applied rate5.8%

Term (months)60

Monthly payment19,217DA

Total interest153,020DA

Total cost1,153,020DA

Interest share15.3%

Ceiling (Bank of Algeria)7.6%

NoteIndicative rate (H1 2026) – verify the actual rate with your bank.

Total cost1,153,020DA

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How it works

Choose the bank and loan type to load the indicative rate (or 'Other' to enter your own).
The monthly payment is calculated by fixed-rate amortization on the loan amount and term.
The rate is compared to the Bank of Algeria ceiling and the total cost and interest are displayed.

Sources: Bank of Algeria (Note TEG n° 02-2025, excessive interest rate) · official bank websites. Indicative rates.

Banque d'Algérie (opens in a new tab)

Hsabet is not affiliated with any of these official organizations – cited for reference only.

Frequently asked questions

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The loan calculator determines the monthly payment, total cost and interest on your loan in Algeria based on the bank and loan type (housing, auto, consumer). An indicative rate is automatically loaded based on your selection; you can enter your own rate by choosing 'Other bank'.

Rates are indicative for the first half of 2026, sourced from bank websites, and vary depending on your profile and term – verify with your bank. The tool also displays the excessive interest rate ceiling set by the Bank of Algeria to flag any rate that is too high. For Islamic finance (Mourabaha), enter the profit margin rate.