Loan Amortization Schedule — month-by-month EMI breakup
कर्जा किस्ता तालिका — महिना-दर-महिना EMI विवरण
Full monthly amortization table for Nepali loans — see how each EMI splits into principal and interest, the running balance, total interest paid and how prepayment shortens the loan.
Reducing-balance basis. Ask your bank about rest interval (monthly/annual) and prepayment clauses before relying on savings figures.
About Amortization Table
Every EMI you pay splits into interest first, principal second — early installments are mostly interest; the split shifts toward principal as the balance shrinks. This is the standard reducing-balance method Nepali banks quote home, vehicle and business loans on.
This tool renders the full monthly table — each month's interest, principal, running balance — plus the totals, and shows how a prepayment (शीघ्र भुक्तानी) changes the term and interest. Banks charge these figures from the same equations, so it is a good negotiating check.
How to use — step by step
- Enter loan amount, annual interest rate and tenure (years) as quoted.
- Read the monthly EMI, then open the month-wise table.
- Optionally enter a prepayment amount with the month it happens.
- See updated term, months saved and interest saved.
- Copy the first-year table into your budget planning.
Worked example — Rs 50,00,000 at 10.5% for 15 years
| Monthly EMI | ≈ Rs 55,454 | reducing balance |
| Total interest (no prepay) | ≈ Rs 49,81,700 | over 180 installments |
| First month split | interest Rs 43,750 + principal ≈ Rs 11,704 | huge interest share early |
| Last month split | interest tiny, principal the rest | by year 15 the roles flip |
Frequently asked questions
QHow is EMI calculated in Nepal?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where r is the monthly rate (annual ÷ 12) and n installments. Banks compute the same reducing-balance schedule shown here.
QWhy is interest so high in my first installments?
Interest is charged on the outstanding balance, which is largest at the start. Prepaying early shortens the term the most — after half the tenure, prepayments save far less interest.
QWhat happens when a bank rest rates (rest schedule)?
Many Nepali loans rest monthly, but some rest annually — resting means interest is applied to the balance at that interval. An annual rest can cost noticeably more; ask your bank which rest applies and recompute here.
QDo prepayments attract a penalty in Nepal?
Regulations have moved toward reduced prepayment penalties, and many consumer loans today allow partial early payment free. Confirm the clause in your loan deed before prepaying — the savings shown here assume a penalty-free prepayment.
Data note: Standard reducing-balance amortization, the basis of virtually all Nepali home/vehicle/business loan quotes. Your actual loan agreement's rate rest schedule and fees apply — verify with your bank.