Loan EMI Calculator Nepal
Estimate monthly repayments for home, personal, auto, education and business loans. Use your lender’s annual interest rate.
Estimates assume a fixed annual rate, monthly reducing-balance interest and payments at each month’s end. Fees, insurance, rate changes and prepayments are excluded. Amounts are rounded independently to the nearest rupee, so displayed rows may not add up exactly. Confirm repayments and charges with your lender.
Use Your Bank’s Quoted Rate
Select Custom Rate, enter the annual nominal rate from your lender, and choose the repayment period in years or months. English and Nepali digits are accepted. The schedule shows up to the first 12 payments. Compare the estimate with your lender’s repayment schedule, including any fees, insurance and floating-rate changes.
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 the annual nominal interest rate divided by 12 and 100, and n is the whole number of monthly payments. At 0% interest, EMI is P / n. This assumes a fixed rate and monthly reducing-balance interest.
What is the home loan interest rate in Nepal?
Use the annual nominal lending rate quoted by your bank for your loan. The preset rates here are illustrative examples, not current offers or market averages. For a floating-rate loan, repayments may change when the rate changes.
Can I prepay my loan in Nepal?
Prepayment rules and charges depend on your loan agreement and lender. Ask your lender for the applicable terms and a revised repayment schedule before deciding. This estimate does not include prepayments or prepayment charges.