How to use this calculator
Enter the loan amount, the annual interest rate and the tenure (years, plus optional months). You will instantly see your monthly EMI, the total interest, the total payable, and a year-by-year schedule you can expand to each month.
Loans in Nepal
Banks, development banks and finance companies across Nepal offer home, auto, personal, education and business loans, almost always repaid as an EMI (equated monthly installment) with interest quoted as an annual rate. Rates move with the market and each bank’s base rate, and many loans are on variable rates that reset periodically. Before borrowing, people compare the EMI and total interest across different banks and tenures: a longer tenure lowers the monthly payment but increases the total interest paid over the life of the loan. Seeing the full amortization schedule also shows how early payments go mostly toward interest and later ones toward principal.
Frequently asked questions
How is EMI calculated?
EMI uses the formula EMI = P·r·(1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of months. This tool does the maths for you and also shows the full repayment schedule.
What is an amortization schedule?
It shows, for every period, how much of your payment goes toward interest versus reducing the loan, and the remaining balance. Early payments are mostly interest; later payments are mostly principal.
Does a longer tenure reduce my EMI?
Yes — a longer tenure lowers the monthly EMI, but you pay more total interest over the life of the loan. A shorter tenure means a higher EMI but less total interest.
Are the loan presets the real bank rates?
No. The Home / Auto / Personal presets fill in typical example figures to get you started. Interest rates vary by bank and over time, so always enter the exact rate your bank offers.