Loan & EMI calculator for Nepal.
Work out the monthly EMI on any loan in Nepal. Set the amount, interest rate and tenure to see your instalment, total interest and total payable — instantly, in rupees. Works for personal, home, auto and education loans.
An estimate on a reducing-balance loan. Your actual EMI depends on the lender’s rate, fees and compounding method.
How your EMI is calculated.
Nepali banks and lenders use the standard reducing-balance method. Each month, interest is charged only on the balance you still owe, and your fixed instalment chips away at the principal underneath it:
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
where P is the loan amount, r is the monthly interest rate (the yearly rate divided by 12, then by 100) and n is the number of months. Example: a Rs 5,00,000 loan at 14% for 5 years works out to roughly Rs 11,634 a month — about Rs 1,98,000 in total interest over the term.
Three things decide your EMI.
A larger principal means a larger EMI and more total interest over the life of the loan.
Even one percentage point changes your EMI and total interest noticeably — shop the rate, not just the EMI.
A longer tenure lowers the monthly EMI but raises the total interest you pay; a shorter tenure does the opposite.
About EMI & loan calculations.
What is EMI?
EMI stands for Equated Monthly Instalment — the fixed amount you repay each month, covering both principal and interest, until the loan is fully paid off. Early instalments are mostly interest; later ones are mostly principal.
How is the EMI calculated?
On a reducing-balance loan, 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. Interest each month is charged only on the outstanding balance.
Is this calculator accurate for Nepali banks and lenders?
It uses the standard reducing-balance formula every Nepali bank applies, so the EMI is a close estimate. Your real instalment can differ slightly because of processing fees, the lender's exact rate, and whether the rate is fixed or floating against the base rate.
What interest rate should I enter for a personal loan in Nepal?
Personal and collateral-free loan rates in Nepal typically fall in the low-to-mid teens; home loans are usually lower. Banks set the final rate by adding a spread to Nepal Rastra Bank's base rate, so confirm the current rate with the lender before relying on a figure.
LoanMandu is building a collateral-free way to borrow in Nepal — funded by real lenders, at one clear rate shown upfront.