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Loan EMI Calculator

Monthly EMI, total interest and payment

Loan amount (৳)

Annual interest rate (%)

Tenure

Tenure unit

Frequently Asked Questions

How is EMI calculated?

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

Does a longer tenure reduce my EMI?

Yes — a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.

Calculate the monthly EMI for any loan, plus the total interest and total amount payable over the tenure.

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