What is a monthly loan payment?
A monthly payment is a regular loan instalment that usually includes part of the principal and the interest charged by a bank or MFO. In Kazakhstan, annuity repayment schedules are common: the monthly payment stays the same, but the split between principal and interest changes over time.
At the beginning of the term, a larger share of the payment goes toward interest; closer to the end, more goes toward principal repayment. That is why it is important to look not only at the monthly payment, but also at the total overpayment for the full term.
- •The monthly payment shows the budget load.
- •The total overpayment shows the real cost of the loan.
- •The annual effective rate helps compare offers by their full cost.
How does the annuity formula work?
An annuity payment is calculated so that you pay the same amount every month. The calculation needs three inputs: the loan amount, the monthly rate and the number of months.
The formula is: A = S × i × (1 + i)^n / ((1 + i)^n − 1). Where A is the monthly payment, S is the loan amount, i is the monthly interest rate, and n is the term in months.
Example: how to calculate a 1,000,000 ₸ loan?
Suppose you want to take a 1,000,000 ₸ loan for 24 months at a conditional 30% annual rate. For a simple example, we will use a monthly rate of 2.5%: 30% / 12 = 2.5%.
With these inputs, the annuity monthly payment will be approximately 55,900 ₸. Over 24 months, the total amount paid will be about 1,341,600 ₸, and the approximate overpayment will be about 341,600 ₸.
- •Loan amount: 1,000,000 ₸
- •Term: 24 months
- •Conditional annual rate: 30%
- •Approximate monthly payment: 55,900 ₸
- •Approximate overpayment: 341,600 ₸
What affects the monthly payment amount?
The monthly loan payment is most affected by the amount, term and rate. The larger the amount and the higher the rate, the higher the payment. A longer term reduces the monthly burden, but usually increases the total overpayment.
For example, a 1,000,000 ₸ loan for 12 months will have a higher monthly payment than the same loan for 36 months. But with a longer term, interest accrues for longer, so the total amount paid may be noticeably higher.
- •Loan amount: the larger the amount, the higher the payment.
- •Loan term: a longer term lowers the payment but may increase overpayment.
- •Rate and annual effective rate: they show the full cost of borrowing.
- •Fees and insurance: they may increase the total burden.
Why is the annual effective rate important in 2026?
In 2026, Kazakhstan has a maximum annual effective rate of up to 46% for unsecured bank loans and microcredits. This is an important reference point for borrowers, but it does not mean that all loans will be issued exactly at 46% or that every borrower will receive the same rate.
The annual effective rate shows the full cost of a loan, including mandatory payments.
- •annual effective rate;
- •monthly payment;
- •total amount paid;
- •fees;
- •early repayment terms.
Where can you calculate a monthly payment online?
The easiest way to calculate a loan online is to use a loan calculator: enter the amount, term and rate, then see the approximate monthly payment and overpayment. This calculation is not loan approval, but it helps you understand whether the offer fits your budget.
On Sali, you can compare bank and MFO offers, assess loan parameters and continue to apply with the selected provider. To quickly calculate the monthly payment and compare options, use /ru/kalkulator.