Car Loan Calculator — Bangladesh
Estimate your monthly car-loan installment in BDT using Bangladesh's typical auto-finance rates, and see the full interest cost. No signup, no account needed.
Enter a car price, a down payment of 0–90%, a rate between 0% and 100%, and a term above zero (up to 50 years) to see results.
Car finance rates in Bangladesh (2026)
Car loans in Bangladesh typically run about 8.5–13.5% p.a. new (banks from about 9%, NBFIs 11–13.5%), 11–15% used. Bangladesh Bank sets the down payment by vehicle type (40% for petrol/diesel cars, 20% for electric and hybrid), and auto loans taken by a borrower's dependent family members count toward that borrower's total credit exposure. Bangladesh Bank caps car loans at 60% of the price (Tk 60 lakh) for conventional cars and 80% (Tk 80 lakh) for electric or hybrid cars.
These are reference figures for 2026 - always confirm the current rate and the effective (reducing-balance) APR with the lender before you commit.
Where to get a car loan in Bangladesh
Commonly used providers include Prime Bank, BRAC Bank, City Bank and IDLC Finance. Rates and terms vary by lender, your credit profile, and whether you are buying new or used - it pays to compare at least two or three offers.
Deposit and loan term
A deposit of around 40% (20% for electric or hybrid cars) of the car's price is typical. Loan terms run up to about 6 years new, 5 years reconditioned. A bigger deposit and a shorter term both cut the total interest you pay - use the calculator above to see the trade-off for your own numbers.
Worked example
For every BDT 1,600,000 financed at 11.00% over 5 years:
- Monthly installment: BDT 34,788
- Total repaid: BDT 2,087,273
- Total interest: BDT 487,273
Scale to your financed amount, and remember a bigger deposit and shorter term lower the total interest.
How to pay less interest on your car loan
- Put down a larger deposit - it reduces both the monthly payment and the total interest.
- Pick the shortest term you can comfortably afford; a longer term lowers the monthly cost but raises the total.
- Compare the effective reducing-balance rate, not a headline flat rate - a flat rate looks cheaper than it really is.
- A stronger credit profile usually earns a lower rate, so it is worth checking before you apply.
A named-lender rate check: Prime Bank & BRAC Bank (2026)
Checked 12 October 2026: Prime Bank advertises auto loans from 8.99% p.a. for up to 6 years, lending up to 60% of a conventional car's price (max Tk 60 lakh) or 80% for hybrid/electric/locally made vehicles (max Tk 80 lakh). BRAC Bank prices retail auto loans as a variable base rate plus a fixed margin; its published base rate for September 2026 is 8.72% (down from 9.11% in August). Bangladesh Bank kept its policy rate at 9.50% in the October–December 2026 Monetary Policy Statement announced on 30 September 2026.
Frequently Asked Questions
What is the typical car loan rate in Bangladesh?
As a 2026 reference, car finance in Bangladesh runs about 8.5–13.5% p.a. new (banks from about 9%, NBFIs 11–13.5%), 11–15% used. Your actual rate depends on the lender, your credit profile, and whether the car is new or used.
How much deposit do I need for a car loan in Bangladesh?
Lenders typically look for a deposit of around 40% (20% for electric or hybrid cars) of the price. A larger deposit lowers both your monthly payment and the total interest you pay.
Which lenders offer car loans in Bangladesh?
Commonly used providers include Prime Bank, BRAC Bank, City Bank and IDLC Finance. It pays to compare two or three offers, since rates and terms vary by lender and by your credit profile.
How is the car loan installment calculated?
Using the reducing-balance formula P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1) on the financed amount. Dealers may quote a lower-looking flat rate; convert to the effective rate to compare.
Is car financing regulated in Bangladesh?
Bangladesh Bank's 5 May 2026 circular raised the auto-loan ceiling to Tk 60 lakh for conventional cars and Tk 80 lakh for electric/hybrid cars, keeping a 60:40 debt-equity ratio for conventional cars and allowing 80:20 for EVs and hybrids.
How much can I borrow for a car in Bangladesh?
Under Bangladesh Bank's 5 May 2026 circular, banks can lend up to 60% of a conventional car's price (maximum Tk 60 lakh) and up to 80% of an electric or hybrid car's price (maximum Tk 80 lakh), so you need a 40% or 20% down payment respectively.
What interest rate should I expect on a car loan in Bangladesh?
Banks such as Prime Bank advertise rates from about 8.99% and BRAC Bank's base rate was 8.72% in September 2026 before its margin, while NBFIs such as IDLC and LankaBangla charge around 11–13.5%; with the policy rate at 9.50%, around 11% is a realistic mid-market figure for a new car.
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Sources
Rates are compiled from each country's central-bank publications and the typical offerings of its major commercial banks, reviewed for 2026 and subject to change — always confirm the current rate with a lender before deciding. See our methodology and editorial policy for how we source and update this data.
Additional sources for this page
Prime Bank (accessed 12 October 2026): Auto Loan. BRAC Bank (accessed 12 October 2026): Base rate for retail loans, home loan, auto loan, personal loan. Dhaka Bank (accessed 12 October 2026): Auto Loan. The Daily Ittefaq (accessed 12 October 2026): Car loan ceiling raised to Tk 80 lakh for electric and hybrid vehicles. Dhaka Tribune (accessed 12 October 2026): BB retains policy rate at 9.50% in latest MPS.