EMI Calculator Nepal — Monthly EMI for Home, Car & Personal Loans
EMI क्यालकुलेटर — नेपालका बैंकका लोनका लागि
Calculate monthly EMI for home loans, car loans and personal loans in Nepal. Free EMI calculator with total interest, payment schedule and Nepali rupee amounts.
| EMI # | Interest part | Principal part |
|---|---|---|
| 1 | Rs 39,583 | Rs 7,023 |
| 2 | Rs 39,528 | Rs 7,079 |
First two months of the reducing-balance schedule.
छ पचास हजार छ सय सात रुपैंया मासिक किस्ता — एक कोटि एघार लाख पाँच नब्बे हजार पाँच सय चार अस्सी रुपैंया जम्मा ।
About EMI Calculator
An EMI (Equated Monthly Instalment) is the fixed payment you make every month to repay a loan. Nepali banks — Nabil, NIC Asia, Global IME, Prime, Himalayan and others — quote home-loan and car-loan interest as an annual rate (for example 9–11% in recent years), and this tool converts that into the exact monthly instalment, total interest payable and total repayment.
The EMI formula used by every bank is: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r the monthly rate (annual ÷ 12 ÷ 100) and n the number of months. This page does that arithmetic instantly and honestly — no round figures, no assumptions hidden from you.
How to use — step by step
- Enter the loan amount in Nepali rupees (e.g. 5,000,000 for a Rs 50 lakh home loan).
- Enter the bank's annual interest rate (e.g. 9.5%).
- Enter the tenure in months or years (e.g. 20 years = 240 months).
- Press Calculate EMI.
- Review the monthly EMI, total interest and total repayment; expand the schedule for the first months.
Worked example — Rs 50,00,000 home loan at 9.5% for 20 years
| Loan amount (P) | Rs 50,00,000 | Principal borrowed |
| Rate / tenure | 9.5% / 240 months | Monthly rate r = 0.7917% |
| Monthly EMI | ≈ Rs 46,626 | Fixed instalment each month |
| Total interest | ≈ Rs 61,90,300 | Interest paid over 20 years |
| Total repayment | ≈ Rs 1,11,90,300 | Principal + interest |
Frequently asked questions
QWhat is the EMI formula used by Nepali banks?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), with r = annual rate ÷ 12 ÷ 100. All Nepali commercial banks use this standard reducing-balance formula.
QHow much home loan can I get in Nepal?
Banks typically finance 50–70% of the property value, and instalments (plus other EMIs) should stay within 50–60% of your net monthly income. The exact limit follows each bank's credit policy and Nepal Rastra Bank caps.
QIs EMI better for a home loan or should I rent?
It depends on your income stability, interest rate and how long you will stay. Use this tool to compare the EMI against your rent; consider that home loans in Nepal commonly run 15–25 years at 9–11%.
QDoes prepayment reduce EMI or tenure?
In Nepal a prepayment usually reduces tenure by default (EMI stays the same), which saves the most interest. Ask your bank whether they recalculate EMI instead.