Your Guide to Finding the Best Loan in Bangladesh

Navigating bank loans in Bangladesh can be complex. With varying interest rates, hidden fees, and confusing terms, it's hard to be sure you're getting the best deal. This free FinTech tool is designed to bring clarity to your financial decisions by aggregating real-time data from major banks, giving you a transparent, side-by-side comparison.

How to Use Our Loan Calculator

Get a clear comparison in four simple steps:

  1. Choose Loan Type: Select 'Personal', 'Home', or 'Car' loan from the first dropdown menu.
  2. Enter Your Income: Input your monthly income in BDT to filter for loans you are eligible for.
  3. Specify Loan Details: Enter the amount you wish to borrow and the repayment period (tenure) in years.
  4. Compare Options: Click the 'Compare Loans Now' button. The tool will instantly show you a list of matching offers, sorted by the most affordable total cost.

Why Use a Loan Aggregator? The Advantage of Transparency

The biggest advantage is transparency. Instead of visiting multiple bank websites and decoding their fee structures, you get all the critical information in one place. Our engine focuses on:

  • Showing All Fees: We don't just show the interest rate. We break down processing fees, early settlement charges, and other costs so you see the true cost of your loan.
  • Real-Time Data: Our system uses the most current information available from Bangladeshi banks, ensuring your comparison is accurate.
  • Unbiased Comparison: We present the data clearly, allowing you to make an informed decision based on your financial situation.

Frequently Asked Questions (FAQ)

1. Is this financial advice?

No. This tool is for informational and educational purposes only. The results are based on standard formulas and publicly available data. We are not a bank or a financial advisor. Please consult with a qualified professional before making any financial decisions.

2. How accurate is the loan data?

We strive to provide the most accurate, up-to-date information from major banks in Bangladesh. However, interest rates and fees can change. We recommend verifying the final details with the bank before applying for a loan.

3. Is my personal data saved?

No. This tool is designed for privacy. All calculations are performed directly in your browser, and no personal financial data is ever stored on our servers.

4. What is an Equated Monthly Installment (EMI)?

An EMI is the fixed payment you make to a lender each month. It covers both the principal amount and the interest, ensuring the loan is fully paid off by the end of the tenure.

5. What is the difference between a fixed and floating interest rate?

A fixed interest rate remains the same throughout the loan tenure, making your EMI predictable. A floating interest rate can change based on market conditions, which means your EMI could increase or decrease over time.

Disclaimer

This is an informational tool and provides estimates based on publicly available interest rates. Rates are subject to change by the bank at any time. This tool is not affiliated with, endorsed, or sponsored by any bank or its parent company.

Furthermore, this calculator is for informational purposes only. We do not encourage users to accept interest, as it is considered 'haram' (forbidden) in Islam. The Prophet Muhammad (ﷺ) cursed those who deal with interest (riba). As narrated by Jabir (may Allah be pleased with him), "The Messenger of Allah (ﷺ) cursed the one who consumes riba, the one who gives it to others, the one who records it, and the two who witness it." (Sahih Muslim 1598). For more details, you can refer to the Hadith at Sunnah.com.