Loan EMI Calculator

Work out the monthly instalment, total interest and repayment schedule for any loan — and see what a "flat rate" offer really costs.

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Loan EMI Calculator

Printed on:
৳
%
yrs
Tenure in
Interest method
%

Monthly instalment (EMI)

—

Total interest—
Total repayment—
Processing fee—
Real yearly cost (APR)—
Principal Interest Fee

Repayment schedule

Period Instalment Principal Interest Balance
Runs in your browser — nothing is uploaded

Results are estimates for planning. Rules and rates change — confirm with NBR, your bank or a professional before filing or paying.

Calculated with Eleven POS free business tools — https://elevenpos.online/en/tools/loan-emi-calculator

Guide

How EMI is calculated

Banks in Bangladesh usually charge interest on a reducing balance: each month you pay interest only on what you still owe.

EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of months.

Flat rate — read the offer carefully

Some lenders quote a flat rate: interest on the full loan for the whole term, even as you repay it. A 12% flat rate over 3 years costs about the same as a 21% reducing-balance loan. This calculator shows the effective rate so you can compare offers fairly.

Other costs

  • Processing fee (often 0.5–1% of the loan)
  • Early settlement fee if you repay early
  • Insurance and documentation charges

A loan's EMI is a fixed monthly cost — add it to your break-even calculation before you borrow.

FAQ

Frequently asked questions

What is the difference between flat and reducing rate?
Flat rate charges interest on the original amount for the whole term. Reducing rate charges interest only on the outstanding balance, so the same rate costs much less.
Can I download the repayment schedule?
Yes. "Download CSV" exports the full month-by-month schedule for Excel.
Does the EMI include the processing fee?
No. The fee is usually deducted upfront or paid separately. The tool shows it separately and includes it in the total cost and effective rate.

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