One anna per taka a month is 6.25% a month, 75% a year. Two taka per 100 a month is 24% a year — and as a flat rate on a 12-month instalment loan it is really about 42% on a reducing balance. Enter the rate the way you heard it below.
taka / 100 / month
months
If the rate is a flat rate on a loan repaid in equal monthly instalments, see its true rate
True yearly rate (simple)
24%
2% a month
The same rate quoted other ways
Per 100 a month
2 taka
Per 1,000 a month
20 taka
Per taka a month (anna)
0.32 anna
Per taka a month (old paisa)
1.28 paisa
Per taka a month (new paisa)
2 paisa
Per 1,000 a day
0.658 taka
Simple yearly rate
24%
Yearly if unpaid interest is added monthly
26.82%
If this is a flat rate
Monthly instalment per 100 taka
10.33 taka
Total interest per 100 taka
24 taka
True yearly rate (reducing balance)
41.7%
Effective yearly rate
50.67%
2 taka / 100 / month means 24% a year in simple interest: 2 taka per 100 a month, or 0.32 anna per taka a month. As a flat rate on a 1 year loan it is really about 41.7% a year on a reducing balance.
How this was calculated
2 taka / 100 / month → simple yearly rate 24%
Monthly rate = 24% ÷ 12 = 2%
Anna per taka = 2% × 16 = 0.32 anna (1 taka = 16 anna)
Per 1,000 a day = 24% ÷ 365 × 1,000 = 0.658 taka
A flat 24% over 1 year in equal monthly instalments has an IRR of 41.7% a year
Pick how the rate was quoted: per 100 a month, per 1,000 a month, anna per taka, old or new paisa, per 1,000 a day, or % a year.
Enter the rate.
If it is a flat rate on an instalment loan, enter the tenure to see the true reducing-balance rate.
Formula
Every rate is first turned into a simple yearly %: monthly rate × 12, daily rate × 365.
Per 100 a month = yearly % ÷ 12; per 1,000 a month = 10 times that
Anna per taka a month = monthly rate × 16; old paisa × 64; new paisa × 100
Per 1,000 a day = yearly % ÷ 365 × 10
Flat to reducing: split the loan plus flat interest into equal monthly instalments and find the rate at which they are worth the loan today (IRR) × 12
Examples
Quoted rate
Simple yearly
Per 100 a month
Anna per taka
True rate if 12-month flat
2 per 100 a month
24%
2
0.32
about 41.7%
3 per 100 a month
36%
3
0.48
about 61%
1 anna per taka a month
75%
6.25
1
about 118%
10% a year
10%
0.83
0.13
about 18%
Good to know
Simple vs compound: if interest is paid on time, the simple rate is the real cost. If it piles up and is added to the principal, it costs more.
Flat rates: NGOs and many instalment loans quote flat rates; compare them as reducing rates to see the real cost.
More: why the same rate is quoted so many ways
In villages and informal lending, rates are usually quoted per month or per day, in anna and paisa per taka or per hundred. In the old currency 1 taka = 16 anna = 64 paisa; since decimalisation 1 taka = 100 paisa. Knowing the yearly figure makes it easy to compare with bank or microfinance rates.
Many people avoid interest for religious reasons. This calculator doesn’t encourage any loan; it only makes the rate clear.
Frequently asked questions
What percent is one anna per taka?
1 taka = 16 anna, so one anna per taka a month = 1 ÷ 16 = 6.25% a month, 75% a year simple interest.
What is 3 taka per 100 a month a year?
3% a month is 36% a year simple. If unpaid interest is added to the principal monthly, the effective rate is about 42.6% a year.
What does paisa per taka mean?
Today 1 taka = 100 paisa, so 2 paisa per taka a month = 2% a month. In the old system 1 taka = 64 paisa, so 1 paisa per taka was about 1.56% a month.
Flat vs reducing rate?
A flat rate charges interest on the full original loan for the whole term even though instalments repay it. So 10% a year flat over 12 monthly instalments is really about 18% on a reducing balance.
What is 1 taka per 1,000 a day?
0.1% a day is 36.5% a year simple, about 3.04% a month.
What is 24% a year per 1,000 a month?
24% a year is 2% a month: 2 taka per 100 a month, or 20 taka per 1,000 a month. Per taka, that is 2 new paisa a month.
Also searched as
interest rate converter · anna per taka interest percent · monthly to yearly interest rate · flat to reducing rate converter · sud har rupantor