Bangladeshi Loan Calculator
Calculate EMI, total interest, and repayment schedule for personal, home, car, and business loans in Bangladesh. Compare loan options with current interest rates from major Bangladesh banks.
Loan Details
Amount you want to borrow
Typical range: 12% - 24%
Additional Charges
One-time processing fee
Optional loan protection insurance
Personal Loan Guidelines
Loan Calculation Results
Monthly EMI
Equated Monthly Installment
Total Interest
Interest over loan tenure
Total Amount
Total repayment amount
Cost Breakdown
Payment Summary
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Frequently Asked Questions
How is EMI calculated for loans in Bangladesh?
EMI (Equated Monthly Installment) in Bangladesh is calculated using the formula: P × r × (1+r)^n ÷ ((1+r)^n - 1), where P is principal loan amount, r is monthly interest rate, and n is loan tenure in months. For example, a 5 lakh BDT loan at 12% annual interest for 3 years results in an EMI of approximately 16,607 BDT.
What are the current interest rates for different loan types in Bangladesh?
Current loan interest rates in Bangladesh vary by type: Personal loans: 12-24%, Home loans: 8-14%, Car loans: 10-18%, Business loans: 10-20%, Education loans: 8-15%. Rates depend on bank policies, loan amount, tenure, borrower profile, and prevailing Bangladesh Bank repo rate.
What documents are required for loan application in Bangladesh?
Required documents for Bangladesh loan applications include: National ID card, passport photos, salary certificate, last 6 months bank statements, income tax certificate, trade license (business loans), property documents (secured loans), guarantor papers (if needed), and insurance documents for asset financing.
Can I prepay my loan in Bangladesh and what are the charges?
Yes, most Bangladesh banks allow loan prepayment with charges typically ranging from 2-4% of the outstanding principal amount. Some banks offer partial prepayment options. Home loans often have lower prepayment charges (1-2%) compared to personal loans. Check your loan agreement for specific terms.
Which banks offer the best loan rates in Bangladesh?
Popular banks for competitive loan rates in Bangladesh include Dutch-Bangla Bank (DBBL), BRAC Bank, Eastern Bank Limited (EBL), City Bank, Prime Bank, and Standard Chartered. State-owned banks like Sonali Bank and Janata Bank also offer competitive rates. Compare rates, processing fees, and terms from multiple banks before deciding.