EMI Calculator
Price in words: one croreBorrowing a fixed sum instead? Enter it here and set the down payment to 0.
NPR 20,00,000 down, so you borrow NPR 80,00,000.
NPR 80,000. Also called a processing or service fee. Paid upfront.
EMI Calculation Result:
Where Your Money Goes
Everything the property costs you
- Down paymentNPR 20,00,00012.6%
- Loan principalNPR 80,00,00050.5%
- InterestNPR 57,55,47636.3%
- Origination feeNPR 80,0000.5%
- Total CostNPR 1,58,35,476
Amortization Schedule
| Month | Principal (NPR) | Interest (NPR) | Balance (NPR) |
|---|---|---|---|
| 1 | 17,314.48 | 40,000.00 | 79,82,685.52 |
| 2 | 17,401.06 | 39,913.43 | 79,65,284.46 |
| 3 | 17,488.06 | 39,826.42 | 79,47,796.40 |
| 4 | 17,575.50 | 39,738.98 | 79,30,220.89 |
| 5 | 17,663.38 | 39,651.10 | 79,12,557.51 |
Notes:
- This calculator provides an estimate of your Equated Monthly Installment (EMI) based on the price, down payment, interest rate, and tenure.
- The origination fee is treated as paid upfront, not added to the loan, so it doesn't change your EMI. It does raise what the loan really costs, which the effective rate shows.
- The calculation assumes a fixed interest rate throughout the loan tenure.
- Actual EMI may vary slightly based on the exact terms and conditions of your financial institution.
- The amortization schedule shows how each payment is split between principal and interest, and how the loan balance decreases over time.
- For official loan details and exact EMI calculations, please consult with your financial institution.
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EMI Calculator Nepal - Home Loan EMI Calculator with Amortization Schedule
Calculate your Equated Monthly Installment (EMI) for home loans, personal loans, and mortgages in Nepal. Our free online EMI calculator provides detailed amortization schedules, total interest calculations, and payment breakdowns to help you plan your loan effectively.
EMI Calculator Features
Accurate EMI Calculation
Uses the standard banking formula: [P × r × (1+r)^n] / [(1+r)^n-1] for precise EMI calculations accepted by all Nepal banks.
Detailed Amortization
Complete payment schedule showing principal vs interest breakdown for every month of your loan tenure.
Total Interest Calculation
See exactly how much total interest you'll pay over the loan term and make informed financial decisions.
Visual Analytics
See where your money goes: down payment, loan principal, interest and fees, each with its amount and share of the total cost.
Flexible Tenure Options
Calculate EMI for both years and months tenure to match different bank loan terms and conditions.
Print & Save
Download or print your complete EMI schedule and calculations for bank visits and record keeping.
Complete Guide to EMI Calculation in Nepal
Understanding EMI (Equated Monthly Installment)
An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month, so that over a specified number of years, the loan is fully paid off.
In Nepal, EMI calculations follow the standard international banking formula accepted by Nepal Rastra Bank and all commercial banks including Nepal Investment Bank, Standard Chartered Bank Nepal, Himalayan Bank, NMB Bank, and others.
EMI Formula and Calculation Method
The EMI calculation formula used by all Nepal banks is:
EMI = [P × r × (1+r)^n] / [(1+r)^n-1]
- P = Principal loan amount
- r = Monthly interest rate (Annual rate ÷ 12)
- n = Number of monthly installments
Types of Loans Supported
Personal Loans
- • Home/Housing loans
- • Personal finance loans
- • Education loans
- • Medical emergency loans
Business & Asset Loans
- • Vehicle/Car loans
- • Business expansion loans
- • Commercial property loans
- • Equipment financing
Interest Rates in Nepal Banking Sector
Interest rates for different loan types in Nepal typically range:
- Home Loans: 6.5% - 12% per annum
- Personal Loans: 12% - 18% per annum
- Car Loans: 10% - 15% per annum
- Business Loans: 9% - 16% per annum
Rates vary by bank, loan amount, tenure, and borrower profile. Check with your bank for current rates.
How to Use This EMI Calculator
- 1. Enter Price and Down Payment: Input the property price and your down payment, in NPR or as a percentage. Borrowing a fixed sum? Enter it as the price with no down payment
- 2. Set Interest Rate: Enter the annual interest rate offered by your bank
- 3. Choose Tenure: Select loan period in years or months as per your preference
- 4. Add the Origination Fee:Enter the bank's processing or service fee, in NPR or as a percentage of the loan
- 5. View Results: Get instant EMI calculation with detailed breakdown, upfront cash and effective rate
- 6. Review Schedule: Examine the complete amortization schedule
- 7. Print/Save: Download the results for your records and bank visits
Benefits of EMI Pre-calculation
- • Financial Planning: Plan your monthly budget with accurate EMI estimates
- • Loan Comparison: Compare offers from different banks easily
- • Affordability Check: Ensure the EMI fits your monthly income comfortably
- • Interest Savings: Understand total interest to make informed decisions
- • Tenure Optimization: Choose the best loan tenure for your financial situation
Frequently Asked Questions
How accurate is this EMI calculator for Nepal banks?
Our calculator uses the standard EMI formula used by all banks in Nepal and follows Nepal Rastra Bank guidelines. Processing fees don't change the EMI when paid upfront, but they do raise what the loan really costs, so the calculator shows an effective rate alongside it. Actual EMI may vary slightly due to insurance and specific bank terms. Always verify with your bank for final calculations.
Can I use this for all types of loans?
Yes, this EMI calculator works for all types of loans including home loans, personal loans, car loans, business loans, and any other loan with fixed interest rates and tenure. The calculation method remains the same.
What's the difference between principal and interest in EMI?
Each EMI payment contains both principal (loan amount repayment) and interest (cost of borrowing). Initially, interest portion is higher, but as the loan progresses, principal portion increases. Our amortization schedule shows this detailed breakdown.
How do I reduce my total interest payment?
You can reduce total interest by: 1) Choosing shorter loan tenure, 2) Making prepayments when possible, 3) Negotiating lower interest rates, 4) Making higher down payment to reduce principal amount.
What documents do I need for a home loan in Nepal?
Typically required: Citizenship certificate, income proof (salary certificate/tax clearance), bank statements, property documents, employment verification, and collateral documents. Requirements may vary by bank and loan amount.
Need Help?
For questions about EMI calculations or technical support, contact Nepal Niwas.
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