Loan Calculator

A home loan is credit a bank provides so an individual can buy a property. It can only be used to buy a home, and it is repaid monthly until the principal and interest are cleared in full.

Most loans in Bangladesh are fixed-interest, repaid monthly on a reducing-balance basis — interest is calculated on the monthly reducing balance rather than annually. Adjustable-rate mortgages are likely to appear as the market develops.

Contact your local bank branch or its customer care line and ask for the home loan department. Approval is at the bank's discretion; a qualified mortgage adviser can help you complete the application.

You will need the original title deed in your own name, property insurance covering fire, earthquake, flood and cyclone, and an Irrevocable General Power of Attorney (IGPA).

Yes. Joint applications are possible — married couples show their marriage certificate to the bank as evidence.

Usually no more than 70% of the property's valuation, including registration cost.

EMI (Equated Monthly Instalment) is the amount you repay each month until the loan is cleared. Enter the loan amount, period and interest rate in the calculator above to see your EMI.

Your EMI combines principal and interest, spread over the number of months in the loan term. The calculator above works it out for you.

Large local and international banks offer home loans, as does the Bangladesh House Building Finance Corporation. Compare rates and processing fees before you apply.

Repayments are monthly instalments over a tenure you choose, usually 5 to 25 years, debited automatically from your account.

Usually there is no maximum, but check with your bank about its terms.

Most banks offer partial or early settlement, so you can pay off the loan as quickly as you like — sometimes with a small fee.