EMI Calculator
Monthly EMI, total interest and total payment for any loan.
8.5 to 14% is the usual band for Nepali bank home, vehicle and personal loans.
- Total interest
- Rs 24,74,295
- Total payment
- Rs 49,74,295
- Interest vs loan
Indicative only. Nepali banks quote interest on a reducing balance and may add processing fees, insurance and a minimum tenure — confirm the final schedule with your bank.
Year by year
| Year | Principal paid | Interest paid | Balance |
|---|
How EMI is calculated
An EMI (equated monthly instalment) is the fixed amount you pay a lender every month. Each instalment is split between interest on the outstanding balance and repayment of the principal, so the interest portion is largest at the start and shrinks over the term.
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments. A 25,00,000 loan at 10.5% over 15 years, for example, gives a monthly EMI of about Rs 27,690 and roughly Rs 24.8 lakh of interest across the term — which is why shortening the tenure, or paying a little extra early, changes the total so much more than the EMI.
- Amount: what you borrow, after any down payment.
- Rate: the annual interest rate the bank quotes, on a reducing balance.
- Tenure: how long you take to repay. Longer tenure lowers the EMI and raises the total interest.