Loan & EMI Calculator

Monthly instalment, total interest and a full repayment schedule for any loan.

Runs entirely in your browser. Nothing you type or paste is sent anywhere.

Currency

Saved on this device

Your loan

Loan amount

৳

৳10,00,000.00 · 10 lakh

Interest rate

% a year

The yearly rate the bank quotes, on the reducing balance.

Tenure (how long you repay)

Years

years

Months

months

60 monthly instalments

Extra payment each month (optional)

৳

Paid on top of the instalment. It goes straight to the loan, so you finish sooner and pay less interest.

What you’ll pay

Monthly instalment (EMI)

৳20,758.36

every month for 5 years (60 instalments)

Total interest: ৳2,45,501.31
Total you pay back: ৳12,45,501.31; Loan amount plus interest

Where your money goes

Principal: ৳10,00,000.00; 80.3%
Interest: ৳2,45,501.31; 19.7%

Repayment schedule

Month by month, grouped by year. Open a year to see each instalment.

Year 1months 1–12Paid ৳2,49,100.26Interest ৳83,270.24Still owed ৳8,34,169.98

Instalments in year 1
Month	Instalment	Interest	Principal	Still owed
1	৳20,758.36	৳7,500.00	৳13,258.36	৳9,86,741.64
2	৳20,758.36	৳7,400.56	৳13,357.79	৳9,73,383.85
3	৳20,758.36	৳7,300.38	৳13,457.98	৳9,59,925.88
4	৳20,758.36	৳7,199.44	৳13,558.91	৳9,46,366.96
5	৳20,758.36	৳7,097.75	৳13,660.60	৳9,32,706.36
6	৳20,758.36	৳6,995.30	৳13,763.06	৳9,18,943.30
7	৳20,758.36	৳6,892.07	৳13,866.28	৳9,05,077.02
8	৳20,758.36	৳6,788.08	৳13,970.28	৳8,91,106.75
9	৳20,758.36	৳6,683.30	৳14,075.05	৳8,77,031.69
10	৳20,758.36	৳6,577.74	৳14,180.62	৳8,62,851.07
11	৳20,758.36	৳6,471.38	৳14,286.97	৳8,48,564.10
12	৳20,758.36	৳6,364.23	৳14,394.12	৳8,34,169.98

Year 2months 13–24Paid ৳2,49,100.26Interest ৳67,714.24Still owed ৳6,52,783.95
Year 3months 25–36Paid ৳2,49,100.26Interest ৳50,698.98Still owed ৳4,54,382.67
Year 4months 37–48Paid ৳2,49,100.26Interest ৳32,087.57Still owed ৳2,37,369.98
Year 5months 49–60Paid ৳2,49,100.26Interest ৳11,730.28Still owed ৳0.00

Flat rate vs reducing balance

Banks usually charge interest on the reducing balance: only on what you still owe, so the interest part of each instalment shrinks. Some lenders quote a flat rate instead, charging interest on the full amount for the whole term. The same number then costs much more.

Your loan at 9% on a reducing balance and as a flat rate
Figure	Reducing balance at 9%	Flat rate at 9%
Monthly instalment	৳20,758.36	৳24,166.67
Total interest	৳2,45,501.31	৳4,50,000.00
Total you pay back	৳12,45,501.31	৳14,50,000.00

A 9% flat rate over 5 years costs about the same as 15.71% on a reducing balance.

Flat interest = amount × rate × years = ৳10,00,000.00 × 9% × 5 = ৳4,50,000.00. Flat instalment = (amount + interest) ÷ 60 months. The equivalent reducing rate is found by trying rates until the instalments match.

How it’s calculated

EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)

P is the loan amount, r the monthly rate (the yearly rate ÷ 12 ÷ 100) and n the number of months. At 0% the instalment is simply P ÷ n.

Each month, interest is the balance still owed × r. The rest of the instalment pays down the loan, so later instalments are mostly principal.

Banks may round instalments or count days differently, so their figures can differ by a little.

Loan & EMI Calculator

Your loan

What you’ll pay

Repayment schedule

Flat rate vs reducing balance

How it’s calculated

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