EMI calculator
Enter the loan amount, yearly interest rate and tenure to see your monthly instalment, the total interest, and how each payment splits.
Rs 10,00,000
Monthly EMI
Rs 21,247.04
- Total interest
- Rs 2,74,822.84
- Total payment
- Rs 12,74,822.84
Principal 78% · Interest 22% of what you repay over 60 months.
Repayment schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | Rs 1,62,268.04 | Rs 92,696.44 | Rs 8,37,731.96 |
| 2 | Rs 1,79,259.63 | Rs 75,704.85 | Rs 6,58,472.33 |
| 3 | Rs 1,98,030.47 | Rs 56,934.01 | Rs 4,60,441.86 |
| 4 | Rs 2,18,766.83 | Rs 36,197.65 | Rs 2,41,675.03 |
| 5 | Rs 2,41,675.03 | Rs 13,289.89 | Rs 0 |
Reducing-balance method, rounded to the paisa. Fees, insurance and rate changes are not included.
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How to use it
Enter the amount you plan to borrow in rupees. Commas are fine: 25,00,000 and 2500000 read the same.
Enter the yearly interest rate the bank or finance company quoted, for example 10.5.
Enter the tenure in years or months.
Read the monthly EMI and total interest, then open the schedule to see the balance at the end of each year or month.
What to use it for
Comparing loan offers
Put two banks' rates side by side at the same amount and tenure to see the difference in total interest, not just the rate.
Choosing a tenure
A longer tenure lowers the EMI but raises the interest you pay overall. Try a few tenures to find a monthly amount you can manage.
Planning a business purchase
Check whether a vehicle, machine or shop fit-out loan fits your monthly cash flow before you apply.
Tips
- Most loans in Nepal have a floating rate linked to the lender's base rate, so your EMI or tenure can change when that rate moves.
- The calculator does not include service charges, insurance or prepayment fees. Ask the lender for those in writing.
- Paying part of the principal early cuts interest most in the first few years, when interest is the larger share of each EMI.
- Results are estimates. Your lender's statement is what counts.
Common questions
How is EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the yearly rate divided by 12 and by 100, and n is the number of months. This is the reducing-balance method banks use.
What if the interest rate is 0%?
Then there is no interest, and the EMI is simply the loan amount divided by the number of months. The calculator handles this case.
Why is most of my early EMI interest?
Interest is charged on the balance still owed. At the start the balance is highest, so interest takes a bigger share; as you repay, more of each EMI goes to the principal.
Does this match my bank's EMI exactly?
It should be very close for a standard reducing-balance loan. Small differences can come from how the bank rounds, counts days in a month, or adds fees.
Is a flat rate the same as a reducing rate?
No. A flat rate charges interest on the original amount for the whole tenure, which costs more than the same reducing rate. This calculator uses the reducing-balance method.
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