Money
Personal loan EMI
Both instalments are calculated from the same principal, annual rate, and number of months. The debt-burden line adds the new instalment to the monthly commitments you type and compares the total with half of monthly income. A bank can count obligations you left out, including part of a credit-card limit.
Flat EMI
1,291.67 AED
Total interest 12,000.00 AED
Reducing EMI
1,174.25 AED
Total interest 6,364.07 AED
Debt burden
21.2% · Within 50%
Room left under 50% 5,500.00 AED
This is an estimate, not legal, financial, or religious advice.
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Questions
How do flat and reducing differ?
Flat interest is principal × annual rate × years, spread evenly. Reducing interest is charged on the balance that is left, so the instalment is usually lower for the same quoted rate.
Is 50% a bank approval?
No. It is a simplified check against the common 50% debt-burden ceiling. It is not a lending decision.