Home Loan EMI Calculator

Home Loan EMI Calculator


Current Loan Tenure: 12 years

Payment Schedule

In Bangladesh, a Home Loan EMI (Equated Monthly Installment) is the fixed amount of money that a borrower needs to pay each month to the lender (usually a bank or financial institution) as a repayment towards their home loan. The EMI includes both the principal amount borrowed and the interest accrued on that principal.

Here's how it work EMI Calculator

  • Principal Amount: This is the initial amount borrowed from the lender to purchase a home or property.
  • Loan Tenure: The time period over which the loan is repaid. It's usually measured in months. As the loan tenure increases, the EMI amount decreases, and vice versa.
  • Interest Rate: The lender charges interest on the principal amount for the duration of the loan. This interest is spread out over the loan tenure and added to each month's EMI.
  • Equated Monthly Installment (EMI): This is the monthly payment that the borrower makes to the lender. The EMI consists of both the principal repayment and the interest payment.

The EMI remains constant throughout the loan tenure if the interest rate is fixed. If the interest rate is variable (floating), the EMI may change periodically based on changes in the interest rate.

Calculating the EMI involves complex mathematical calculations based on the loan amount, interest rate, and tenure. Many banks and financial institutions provide online EMI calculators on their websites to help borrowers estimate their monthly EMI based on these factors

home Loan EMI Calculator

how to calculate home Loan EMI Calculator

home Loan EMI Calculator is the Equated Monthly Installment (EMI) for a home loan in Bangladesh using a formula.

The formula to calculate EMI is: EMI = [P * r * (1+r)^n] / [(1+r)^n - 1]


  • EMI is the Equated Monthly Installment
  • P is the principal loan amount
  • r is the monthly interest rate (annual interest rate divided by 12 and then by 100)
  • n is the number of monthly installments (loan tenure in months)
  • Please note that the formula above assumes a fixed interest rate throughout the loan tenure. In reality, interest rates can vary, so it's important to check with your lender for the exact terms.
Here's how you can use this formula:
  • Determine the principal loan amount (P), interest rate (annual rate), and loan tenure in months (n).
  • Convert the annual interest rate to a monthly rate by dividing it by 12 and then by 100.
  • Plug the values into the formula to calculate the EMI.
  • Remember, this is a simplified calculation. In practice, there might be other fees or charges associated with home loans that can impact the overall cost.

We recommended to use an our EMI calculator or consult with your bank or financial institution that provides the home loan services.Many banks and financial institutions have their own EMI calculators on their websites, which can provide you with precise information based on their specific terms and conditions.