# BNB Calculator

This online BNB Calculator is used to calculate the easy monthly installment for the loan amount offered by Bhutan National Bank bank. Loan in terms of finance is a money lend to an individual from an organization such as a bank. It is a debt which the receiver must pay back to the lender at a given course of time. Enter the loan amount, interest rate, and years in the Bhutan National Bank (BNB) Loan Calculator to calculate the monthly installment payment that is required to be paid by you.

## Bhutan National Bank (BNB) Loan Calculator

This online BNB Calculator is used to calculate the easy monthly installment for the loan amount offered by Bhutan National Bank bank. Loan in terms of finance is a money lend to an individual from an organization such as a bank. It is a debt which the receiver must pay back to the lender at a given course of time. Enter the loan amount, interest rate, and years in the Bhutan National Bank (BNB) Loan Calculator to calculate the monthly installment payment that is required to be paid by you.

Code to add this calci to your website

#### Formula:

Monthly Payment = Loan Amount x ((Interest Rate / (12 x 100) x (1+(Interest Rate / (12 x 100))^{ c x 12})/(1+(Interest Rate / (12 x 100))^{c x 12}-1
**Where, **
c = Time Period

#### Example

**An individual borrows a loan amount of 500000Nu in BNB Bank at an interest rate of 7.5% for 10 years. **

Monthly Payment = 500000 x ((7.5/12 x 100) x (1 + (7.5/(12x100))^{10x12}) / (1 + 7.5/12 x 100))^{10x12}-1

= 5935.0885 Nu

Thus the individual should pay a monthly payment of 5935.0885 Nuto the Bhutan National Bank