Free EMI calculator for Nepal: enter the property/vehicle price (or loan amount), your down payment — in rupees or as a percentage — the annual interest rate and tenure, and instantly see your monthly installment (EMI), the auto-calculated loan amount, the total interest over the life of the loan, the total cost (down payment + repayments), and a full amortization schedule you can view year-by-year or month-by-month showing how much of each payment goes to principal versus interest and how much you still owe.
It works for any reducing-balance loan from Nepali banks and finance companies — home loans (घर कर्जा), auto loans, education loans, personal loans and business loans. This is the same standard EMI formula every commercial bank in Nepal uses: EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where r is the monthly interest rate and n is the number of monthly installments.
How to use this EMI calculator
1. Enter the total price in rupees — e.g. १०,००,००० for a रु 10 lakh home or vehicle. If you already know your loan amount, enter that and leave the down payment at 0.
2. Enter your down payment. Use the रु / % toggle to enter it either as a rupee amount or as a percentage of the price — the loan amount is calculated for you automatically.
3. Enter the annual interest rate the bank quoted (base rate + premium), e.g. 10.5.
4. Enter the tenure in years (plus extra months if any).
5. The EMI, loan amount, total interest, total cost and the full schedule appear instantly. Switch the schedule between वार्षिक (yearly) and मासिक (monthly) to see the breakdown at whichever level you need, and change any value to compare options live.
Everything runs in your browser — nothing you enter is sent to or stored on any server.
Why does the amortization table matter?
In the early years of a loan most of your EMI is interest, not principal. The table shows exactly when the balance tips — useful for deciding when prepayment saves the most, and for understanding why the outstanding balance falls slowly at first. Banks in Nepal generally allow partial prepayment; paying extra in the early years cuts total interest the most.
Use it together with our other Nepali tools
Compare investing against borrowing with the SIP Calculator, check share trading costs with the NEPSE Share Calculator, calculate your take-home pay with the Salary Tax Calculator, or write the loan amount in words for cheques and forms with the Number to Words converter.
Frequently Asked Questions (FAQ)
Is this the same EMI my bank will quote?
Yes, for reducing-balance loans — the standard for virtually all bank loans in Nepal. Small differences can appear from processing fees, insurance or rounding, but the installment itself matches the standard formula banks use.
What is the difference between flat rate and reducing balance?
A flat rate charges interest on the original amount for the whole tenure, which makes a "10%" flat loan cost roughly as much as an 18% reducing-balance loan. Banks in Nepal quote reducing-balance rates; some hire-purchase and cooperative loans use flat rates — always ask which one you're being offered.
Does the interest rate stay fixed for the whole tenure?
Most Nepali bank loans have floating rates tied to the bank's base rate, reviewed quarterly. Your EMI can change when the base rate changes — recalculate here with the new rate to see the impact.
Should I choose a longer or shorter tenure?
A longer tenure lowers the monthly EMI but sharply increases total interest. Enter both options above and compare the "जम्मा ब्याज" figure — the difference is often several lakhs.
How does the down payment affect my EMI?
The down payment is subtracted from the total price to give the loan amount, and your EMI is calculated only on that loan. A larger down payment means a smaller loan, a lower EMI and less total interest. You can enter the down payment as a rupee amount or as a percentage of the price using the रु / % toggle — most Nepali banks expect roughly 20–30% down on home and auto loans.
Can I see a month-by-month repayment schedule?
Yes. After calculating, switch the schedule toggle from वार्षिक (yearly) to मासिक (monthly) to see every single installment — the principal paid, interest paid and remaining balance for each month of the loan.
Add this EMI Calculator to your website (free)
Embed this EMI / loan installment calculator on your own banking, real-estate or finance website for free. Copy the code below and paste it wherever you want the widget to appear: