Loan EMI Calculator Nepal
Calculate your monthly EMI for any loan type. Supports home, personal, auto, education, and business loans.
Loan Details
Interest rates are approximate averages from Nepali commercial banks. Actual rates vary by bank and applicant profile. Contact your bank for exact rates.
Nepal Bank Loan Interest Rates (Approx.)
| Loan Type | Rate Range |
|---|---|
| Home Loan | 9% – 12% |
| Personal Loan | 14% – 18% |
| Auto Loan | 11% – 14% |
| Education Loan | 10% – 12% |
| Business Loan | 12% – 16% |
Frequently Asked Questions
What is EMI and how is it calculated?
EMI (Equated Monthly Installment) is the fixed amount you pay monthly to repay a loan. It's calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n – 1), where P is principal, r is monthly interest rate, and n is number of months.
What is the home loan interest rate in Nepal?
Home loan interest rates in Nepal typically range from 9% to 12% per annum depending on the bank. NRB base rate and market conditions affect the actual rate offered.
Can I prepay my loan in Nepal?
Yes, most Nepal banks allow prepayment but may charge 1-2% prepayment penalty. Check with your bank for specific terms. Prepaying reduces total interest paid significantly.