EMI Calculator
Enter the loan amount, interest rate and tenure to see your monthly instalment, how much of it is interest, and the full month-by-month schedule. Add an extra monthly payment or a one-time prepayment to see how many months and how much interest you save.
Frequently asked questions
How is EMI calculated?+
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r the monthly rate (annual rate ÷ 12) and n the number of months. Early instalments are mostly interest; later ones mostly principal.
Does the EMI change when the base rate changes?+
Yes for floating-rate loans, which are the norm in Nepal. When the bank republishes its base rate, your effective rate and EMI are reset, usually from the next quarter.
Is prepayment allowed?+
Most banks allow partial or full prepayment. Many charge a penalty of 0 to 2% of the amount prepaid in the first few years, so check your sanction letter before paying a lump sum.