Conventional loan
Fixed rate, level payments.
Monthly payment
DZD 146,186
- Amount financed
- DZD 20,000,000
- Interest
- DZD 15,084,554
- Total cost of financing
- DZD 35,084,554
- Debt-to-income
- 81.2 % · Over the 30 % ceiling
Financing
A conventional loan or Islamic financing, side by side
Enter the price, your deposit and your income: all three formulas are computed at once, with the ceilings the bank would apply.
Indicative simulation — Fictional banks, indicative rates and margins, set by the agency’s management. Only a written offer from a licensed institution commits a bank.
Murabaha
Purchase and resale at a fixed margin, no interest.
Monthly payment
DZD 152,668
- Amount financed
- DZD 20,000,000
- Bank’s margin
- DZD 16,640,298
- Fixed resale price
- DZD 36,640,298
- Total cost of financing
- DZD 36,640,298
- Debt-to-income
- 84.8 % · Over the 30 % ceiling
Ijara
lowest costA lease ending in ownership, with falling payments.
First payment
DZD 196,667
- Last payment
- DZD 83,806
- Amount financed
- DZD 20,000,000
- Rent paid to the bank
- DZD 13,656,667
- Total cost of financing
- DZD 33,656,667
- Debt-to-income
- 109.3 % · Over the 30 % ceiling
Your debt-to-income ratio
109.3 %
Over the 30 % ceiling
Bank ceiling: 30 %
What you can finance
Highest price you can finance
DZD 12,300,000
Largest loan DZD 7,387,867 · over 20 years
Limited by your income: the payment cannot exceed 30 % of it.
- Age at the end of the financing: 54 (limit 70).
- Deposit is enough: 20.0 % of the price (minimum 10 %).
Amortisation schedule
The balance still owed and the interest share, year by year, for the conventional loan; the bank’s remaining share for ijara.
See the figures year by year
| Year | Capital repaid that year | Interest that year | Balance owed | Bank’s remaining share (ijara) |
|---|---|---|---|---|
| 1 | DZD 518,930 | DZD 1,235,302 | DZD 19,481,070 | DZD 19,000,004 |
| 2 | DZD 552,308 | DZD 1,201,924 | DZD 18,928,762 | DZD 18,000,008 |
| 3 | DZD 587,834 | DZD 1,166,398 | DZD 18,340,928 | DZD 17,000,012 |
| 4 | DZD 625,644 | DZD 1,128,588 | DZD 17,715,283 | DZD 16,000,016 |
| 5 | DZD 665,887 | DZD 1,088,345 | DZD 17,049,396 | DZD 15,000,020 |
| 6 | DZD 708,718 | DZD 1,045,514 | DZD 16,340,678 | DZD 14,000,024 |
| 7 | DZD 754,304 | DZD 999,928 | DZD 15,586,374 | DZD 13,000,028 |
| 8 | DZD 802,822 | DZD 951,410 | DZD 14,783,552 | DZD 12,000,032 |
| 9 | DZD 854,461 | DZD 899,771 | DZD 13,929,091 | DZD 11,000,036 |
| 10 | DZD 909,422 | DZD 844,810 | DZD 13,019,669 | DZD 10,000,040 |
| 11 | DZD 967,917 | DZD 786,315 | DZD 12,051,752 | DZD 9,000,044 |
| 12 | DZD 1,030,176 | DZD 724,056 | DZD 11,021,576 | DZD 8,000,048 |
| 13 | DZD 1,096,438 | DZD 657,794 | DZD 9,925,138 | DZD 7,000,052 |
| 14 | DZD 1,166,963 | DZD 587,269 | DZD 8,758,174 | DZD 6,000,056 |
| 15 | DZD 1,242,025 | DZD 512,207 | DZD 7,516,150 | DZD 5,000,060 |
| 16 | DZD 1,321,914 | DZD 432,318 | DZD 6,194,236 | DZD 4,000,064 |
| 17 | DZD 1,406,942 | DZD 347,290 | DZD 4,787,294 | DZD 3,000,068 |
| 18 | DZD 1,497,439 | DZD 256,793 | DZD 3,289,856 | DZD 2,000,072 |
| 19 | DZD 1,593,757 | DZD 160,475 | DZD 1,696,099 | DZD 1,000,076 |
| 20 | DZD 1,696,099 | DZD 57,962 | DZD 0 | DZD 80 |
Pre-approval
Request a pre-approval (demo)
The bank studies your simulation and answers with an agreement in principle, or tells you what is missing. In the demonstration the answer arrives in seconds.
No bank is contacted: the request and its answer stay inside the demonstration.
02Financing
Three formulas, three logics
Conventional loan
The bank lends a sum and you repay it with interest, in level monthly payments computed on a fixed rate. The total cost depends directly on the term.
Murabaha
The bank buys the property and resells it to you at a price fixed at signature: its cost plus a margin. You pay that price in equal instalments; no interest accrues and the price never moves.
Ijara
The bank keeps ownership of the share it finances and leases it to you; each month you buy back a tranche and pay rent on what it still owns. Payments fall until ownership passes to you.
