Calculate Your Loan EMI
Payment Breakdown
Monthly EMI৳4,299
Total Interest৳57,927
Total Payment৳257,927
Loan Tenure5y 0m
Plan your financial future with Bangladesh's most comprehensive Loan EMI Calculator. Instantly calculate your monthly payments for home, car, or personal loans. See exactly how prepayment can save you lakhs in interest and shorten your loan term with our detailed amortization schedule and interactive charts.
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An Equated Monthly Installment (EMI) is the fixed payment you make to a lender each month to repay a loan. It includes both the principal amount and the interest charged, ensuring the loan is fully paid off over the agreed tenure.
Our calculator uses the standard, industry-accepted formula to ensure accuracy:
EMI = [P x R x (1+R)N] / [(1+R)N-1]
Your Equated Monthly Installment (EMI) isn't just a single number; it's a combination of two key parts that change over the life of your loan. In the beginning, a larger portion of your EMI goes towards paying interest. As you continue to make payments, the interest portion decreases while the principal portion increases. Our calculator's amortization schedule shows this shift clearly.
Whether you are planning for a new home, a car, or need funds for personal reasons, our tool is designed to handle any type of loan offered in Bangladesh. Simply input your details to get a precise calculation for:
The key to saving lakhs on your loan is to reduce the principal amount as quickly as possible. Here’s how:
A fixed interest rate remains constant throughout the loan tenure, offering a predictable EMI which is great for budgeting. A floating interest rate is linked to market benchmarks like the SMART rate announced by Bangladesh Bank. This means the rate can change, causing your EMI to increase or decrease over the tenure.
When you make a prepayment, the amount is deducted directly from your outstanding principal loan amount. Lenders in Bangladesh typically give you two options: either reduce your monthly EMI or reduce your loan tenure. For maximum savings on total interest, it is almost always better to reduce the loan tenure.
An amortization schedule is a complete table of your loan payments. It shows a month-by-month breakdown of how much of each EMI payment goes towards the principal and how much goes towards interest. Our tool generates a full schedule for you to review and download, providing a clear roadmap to becoming debt-free.