EMI Calculator

Enter the loan amount, interest rate and tenure — find out your monthly installment and total interest before you borrow.

Loan amount (৳)

Annual interest rate (%)

Tenure

Tenure unit

🔒 Calculations happen in your browser — financial data never leaves your device

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How EMI is calculated

EMI (Equated Monthly Installment) uses the international formula: EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1) — where P = loan amount, r = monthly interest rate (annual ÷ 12 ÷ 100), n = total number of months. Banks and NBFCs use this same formula to set installments.

Keep in mind — the longer the tenure, the lower the monthly EMI, but the higher the total interest paid. The breakdown bar above shows how much of the total goes toward principal versus interest — compare a few tenures and rates before committing to a loan.

Frequently asked questions

Will this match my bank's calculation?

Yes — this uses the standard reducing balance EMI formula followed by almost all banks. Processing fees, insurance and other charges may cause a small difference.

What's the difference between flat rate and reducing rate?

Reducing rate charges interest only on the remaining balance (used here) — this is the fairer method. Flat rate charges interest on the full principal for the entire tenure, which effectively costs almost double. Always ask your lender which method they use.

What happens if I enter 0% interest?

Then EMI = loan amount ÷ number of months — this tool can also calculate interest-free installment plans.

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