What are we?
ABOUT US
MBMICROFINANCEBD is a leading finance company committed to empowering individuals and businesses with innovative financial solutions. Built on the values of integrity, transparency, and a focus on customer needs, we strive to transform the finance landscape by delivering personalized services that cater to the varied requirements of our clients. Our mission is to promote financial well-being and growth by offering clear, dependable, and efficient financial services.
Our Loan Services
Empowering Your Financial Future with Tailored Loan Solutions
EMI Calculator
Loan Calculator Information
The Equipment Finance Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for personal loan product. The Equipment Finance Calculator also calculates the time saved to pay off the loan and the amount of interest saved based on an additional input from the customer. This is if repayments are increased by the entered amount of extra contribution per repayment period. This feature is only enabled for the products that support an extra repayment. The calculations are done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years.Calculator Assumptions
Length of Month
All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days interest dependent on the number of days in the particular month.Number of Weeks or Fortnights in a Year
One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.Rounding of Amount of Each Repayment
In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount.Rounding of Time Saved
The time saved is presented as a number of years and months, fortnights or weeks, based on the repayment frequency selected. It assumes the potential partial last repayment when calculating the savings.Amount of Interest Saved
This amount can only be approximated from the amount of time saved and based on the original loan details.Calculator Disclaimer
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.
Microfinance BD Loan Calculator
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Calculator Disclaimer
The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.
Our Achievements
Happy Customers
We are very happy to serve them!
Years of experience
Drawing from years of extensive experience!
Success Rate
Consistent success in fulfilling financial goals!
Active Stuffs
Our outstanding team ensures unparalleled service!
FAQ's
Select MBMICROFINANCEBD for our dedication to offering competitive rates, tailored service, and a smooth loan process to meet your financial requirements.
Applying for a loan with MBMICROFINANCEBD is a straightforward process. You can initiate your application online by visiting our website or by reaching out to us directly.
MBMICROFINANCEBD provides personal loans, mortgage loans for home financing, and auto loans for the acquisition of cars or other vehicles.
A loan decision is generally anticipated within three business days following the submission of a complete application along with the necessary documents.
MBMICROFINANCEBD may also provide financial planning resources, options for loan refinancing, and occasional special promotions, in addition to their loan offerings.