EMI & Bank Offer Checker
EMI ও ব্যাংক অফার চেকার
Check the EMI, hidden charges, true rate and monthly pressure before you trust a bank, credit-card or showroom loan offer.
The normal bank method. If the lender said flat, add-on, showroom or monthly rate, switch to Flat rate.
= ৳10,00,000 · 10 lakh
The normal reducing-balance annual rate.
≈ ৳5,000 on this loan amount.
Results update as you type. Use the same wording the bank, card agent or showroom used.
Where your money goes
For every ৳100 you borrow, you pay back about ৳134 over the full term.
- The loan itself
- ৳10,00,000 · 75%
- Cost of borrowing
- ৳3,39,667 · 25%
- Total interest
- ৳3,34,667
- Fees / charges
- ৳5,000
- Total you pay back
- ৳13,39,667
Charges are often deducted upfront: you may effectively receive ৳9,95,000, while EMIs are still calculated on the full ৳10,00,000.
Ask before you sign
- Is this rate flat or reducing-balance?
- How much are processing, insurance and documentation charges in taka?
- Is the approved loan amount the same as the amount I receive?
- What is the early-settlement charge?
- What penalty applies if one EMI is late?
- Can I get the written repayment schedule or statement breakdown?
Outstanding balance over time
Outstanding balance starts at ৳10,00,000 and reaches zero after 60 months.
What if you pay a little extra?
On a reducing-balance loan, extra taka goes straight to the principal.
Banks may charge an early-settlement fee — Bangladesh Bank caps it at 0.5% of the outstanding amount.
Assumptions used
- Reducing-balance mode uses the standard fixed-EMI formula: each EMI pays interest on the outstanding amount plus some principal.
- Flat/add-on mode treats interest as charged on the original loan amount for the whole term, then converts it to a reducing-balance equivalent.
- Bank EMI quote mode solves the implied reducing-balance rate from the EMI and tenure the lender gave you.
- Fees can be entered in taka or as a percentage of the loan amount. The field starts at 0.5% — the processing fee most bank schedules show for retail loans — and card EMI conversion fees commonly run around 2%. Edit it to match your offer letter.
- Fees are treated as a one-time extra cost. Exact bank VAT, late fees and early-settlement rules still need to be confirmed from the lender's schedule of charges.
Good to know
Use the same words the lender used
If the bank, card agent or showroom says flat, add-on, 0% EMI with fee, or only tells you the monthly installment, do not treat it as a normal reducing-balance rate. Switch the calculator mode and check the all-in cost before signing.
The EMI is not the full story
A low EMI can still be expensive if the tenure is long, fees are deducted upfront, insurance is mandatory, or late-payment charges are harsh. Always compare total payment, charges and monthly budget pressure together.
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OpenFrequently 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 ÷ 12 ÷ 100) and n is the number of months.
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.
What if the bank only tells me the monthly EMI?
Use Bank EMI quote mode. Enter the loan amount, quoted EMI, tenure and charges; the calculator estimates the implied reducing-balance rate and all-in payment.
Does paying extra each month really help?
On a reducing-balance loan, yes — extra payments go straight to the principal, so you finish months earlier and skip the interest on those months. Use the 'What if you pay a little extra?' box to see the exact saving. Banks may charge an early-settlement fee, which Bangladesh Bank caps at 0.5% of the outstanding amount.
Can this check credit-card EMI offers?
Yes for basic offer checking: enter the purchase/loan amount, quoted monthly EMI, tenure and the processing or conversion fee (usually a percentage — switch the charge type to %). Still confirm late-payment penalties and card-specific terms from the issuer.
Results are estimates for general guidance only and are not financial advice. Rates, tax rules and product terms change — always confirm the latest figures with your bank or Bangladesh Bank / National Savings before making a decision.