· Calculated by the KreditHesabla.az editorial team. This is not presented as an independent financial expert review.
Illustrative annual rates of 8%, 12%, 18% and 24%; terms of 12, 24, 36 and 60 months; two repayment methods. There are 32 scenarios. Fees and insurance are zero. These are not market averages or bank offers.
What the calculations show
At 12% nominal annual interest, extending a 10,000 AZN annuity loan from 12 to 60 months lowers the monthly payment from 888,49 ₼ to 222,44 ₼. Total interest increases from 661,85 ₼ to 3 346,67 ₼.
All scenarios
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| Nominal annual rate, % | Term, months | Repayment method | First monthly payment | Last monthly payment | Total interest | Total including fee |
|---|---|---|---|---|---|---|
| 8% | 12 | Annuity | 869,88 ₼ | 869,88 ₼ | 438,61 ₼ | 10 438,61 ₼ |
| 8% | 12 | Differential | 900,00 ₼ | 838,89 ₼ | 433,33 ₼ | 10 433,33 ₼ |
| 8% | 24 | Annuity | 452,27 ₼ | 452,27 ₼ | 854,55 ₼ | 10 854,55 ₼ |
| 8% | 24 | Differential | 483,33 ₼ | 419,44 ₼ | 833,33 ₼ | 10 833,33 ₼ |
| 8% | 36 | Annuity | 313,36 ₼ | 313,36 ₼ | 1 281,09 ₼ | 11 281,09 ₼ |
| 8% | 36 | Differential | 344,44 ₼ | 279,63 ₼ | 1 233,33 ₼ | 11 233,33 ₼ |
| 8% | 60 | Annuity | 202,76 ₼ | 202,76 ₼ | 2 165,84 ₼ | 12 165,84 ₼ |
| 8% | 60 | Differential | 233,33 ₼ | 167,78 ₼ | 2 033,33 ₼ | 12 033,33 ₼ |
| 12% | 12 | Annuity | 888,49 ₼ | 888,49 ₼ | 661,85 ₼ | 10 661,85 ₼ |
| 12% | 12 | Differential | 933,33 ₼ | 841,67 ₼ | 650,00 ₼ | 10 650,00 ₼ |
| 12% | 24 | Annuity | 470,73 ₼ | 470,73 ₼ | 1 297,63 ₼ | 11 297,63 ₼ |
| 12% | 24 | Differential | 516,67 ₼ | 420,83 ₼ | 1 250,00 ₼ | 11 250,00 ₼ |
| 12% | 36 | Annuity | 332,14 ₼ | 332,14 ₼ | 1 957,15 ₼ | 11 957,15 ₼ |
| 12% | 36 | Differential | 377,78 ₼ | 280,56 ₼ | 1 850,00 ₼ | 11 850,00 ₼ |
| 12% | 60 | Annuity | 222,44 ₼ | 222,44 ₼ | 3 346,67 ₼ | 13 346,67 ₼ |
| 12% | 60 | Differential | 266,67 ₼ | 168,33 ₼ | 3 050,00 ₼ | 13 050,00 ₼ |
| 18% | 12 | Annuity | 916,80 ₼ | 916,80 ₼ | 1 001,60 ₼ | 11 001,60 ₼ |
| 18% | 12 | Differential | 983,33 ₼ | 845,83 ₼ | 975,00 ₼ | 10 975,00 ₼ |
| 18% | 24 | Annuity | 499,24 ₼ | 499,24 ₼ | 1 981,78 ₼ | 11 981,78 ₼ |
| 18% | 24 | Differential | 566,67 ₼ | 422,92 ₼ | 1 875,00 ₼ | 11 875,00 ₼ |
| 18% | 36 | Annuity | 361,52 ₼ | 361,52 ₼ | 3 014,86 ₼ | 13 014,86 ₼ |
| 18% | 36 | Differential | 427,78 ₼ | 281,94 ₼ | 2 775,00 ₼ | 12 775,00 ₼ |
| 18% | 60 | Annuity | 253,93 ₼ | 253,93 ₼ | 5 236,06 ₼ | 15 236,06 ₼ |
| 18% | 60 | Differential | 316,67 ₼ | 169,17 ₼ | 4 575,00 ₼ | 14 575,00 ₼ |
| 24% | 12 | Annuity | 945,60 ₼ | 945,60 ₼ | 1 347,15 ₼ | 11 347,15 ₼ |
| 24% | 12 | Differential | 1 033,33 ₼ | 850,00 ₼ | 1 300,00 ₼ | 11 300,00 ₼ |
| 24% | 24 | Annuity | 528,71 ₼ | 528,71 ₼ | 2 689,06 ₼ | 12 689,06 ₼ |
| 24% | 24 | Differential | 616,67 ₼ | 425,00 ₼ | 2 500,00 ₼ | 12 500,00 ₼ |
| 24% | 36 | Annuity | 392,33 ₼ | 392,33 ₼ | 4 123,83 ₼ | 14 123,83 ₼ |
| 24% | 36 | Differential | 477,78 ₼ | 283,33 ₼ | 3 700,00 ₼ | 13 700,00 ₼ |
| 24% | 60 | Annuity | 287,68 ₼ | 287,68 ₼ | 7 260,78 ₼ | 17 260,78 ₼ |
| 24% | 60 | Differential | 366,67 ₼ | 170,00 ₼ | 6 100,00 ₼ | 16 100,00 ₼ |
Method and limitations
Both plans use identical inputs. Interest uses the balance at the start of each month and payments occur at month-end. Insurance and daily interest are excluded. Annuity payments are level. A differential schedule repays equal principal portions, with a higher first payment and declining later payments. Confirm which method your lender offers.
A = P × r / (1 − (1 + r)−n) · r = annual_rate / 1200 · Dk = P/n + (P − (k−1) × P/n) × r
Calculations use full precision; displayed amounts are rounded to two decimals. Actual bank schedules may differ because of dates, rounding, insurance and fees. This dataset describes the stated mathematical scenarios and is not a market survey.
Calculation methodology