EMI Calculator (NPR)
Calculate your monthly EMI for home loans, car loans, and personal loans in Nepali Rupees.
Calculate Your EMI
Your EMI Details
Monthly EMI—
Total Interest—
Total Payment—
Principal Percentage—
Interest Percentage—
How EMI is calculated
EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay your loan.
EMI Formula:
Where:
P = Loan principal amount
R = Monthly interest rate (annual rate / 12 / 100)
N = Loan tenure in months
Example: NPR 10 lakh loan at 12% for 10 years
EMI = NPR 14,347 per month
Total Interest = NPR 7,21,643
EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]Where:
P = Loan principal amount
R = Monthly interest rate (annual rate / 12 / 100)
N = Loan tenure in months
Example: NPR 10 lakh loan at 12% for 10 years
EMI = NPR 14,347 per month
Total Interest = NPR 7,21,643
FAQs
What is EMI?
EMI is Equated Monthly Installment – a fixed monthly payment for your loan that includes both principal and interest.
How can I reduce my EMI?
You can: 1) Increase loan tenure (but pay more interest), 2) Negotiate lower interest rate, or 3) Make a larger down payment.
What is the typical interest rate in Nepal?
Home loans: 10-14%, Personal loans: 14-18%, Car loans: 12-16%. Rates vary by bank and borrower profile.
Can I prepay my loan?
Most banks allow prepayment, sometimes with a small fee (1-2%). Check your loan agreement.
Is EMI same every month?
Yes, EMI amount is fixed. But the split between principal and interest changes – early payments have more interest.