EMI Calculator Nepal
Calculate the monthly installment (EMI), total interest and full repayment schedule for a home, auto or personal loan in Nepal.
- Monthly EMI
- Total interest
- Total payment
Principal Interest
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance |
|---|
How it works
EMI uses the reducing-balance formula: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of months.
Banks in Nepal usually price loans as base rate plus premium, and the rate can change during the loan. This calculator assumes a fixed rate for the whole tenure, so treat the result as an estimate and confirm with your bank.
Frequently asked questions
Does the EMI include service charges or insurance?
No. It covers principal and interest only. Bank service fees, valuation and insurance are extra.
What happens if the interest rate changes?
Your bank will either change the EMI or the tenure. Re-run the calculator with the new rate and the remaining balance.
Can I calculate a zero-interest loan?
Yes. Enter 0 as the rate and the EMI is simply the loan amount divided by the number of months.