EMI on a Rs. 20 Lakh Education Loan
At 5.14% from Rastriya Banijya Bank, the cheapest published rate this month, a Rs. 20 Lakh Education Loan costs Rs. 21,350 a month over 10 years. 20 of Nepal's 20 commercial banks will lend this amount.
- Monthly instalment
- Rs. 21,350
- Effective rate
- 5.14%
- Income needed
- Rs. 42,700
- banks
- 20 / 20
- Effective from
- Bhadra 2083
Effective from: Bhadra 2083Rastriya Banijya Bank
Monthly instalment
Rs. 21,350
at the cheapest published rate
Income a bank will want to see
Rs. 42,700
Banks generally keep all your instalments within half your verifiable monthly income, so this figure assumes you have no other loan running.
Total interest over 10 years
Rs. 5,62,027
Total you repay
Rs. 25,62,027
Property value you need
Rs. 25 Lakh
Banks lend up to 80% of the assessed value, and their assessment is usually below the market price. You fund the rest yourself.
Your own contribution
Rs. 5 Lakh
The gap between the property value and what the bank will lend.
What it costs over different terms
A longer term lowers the instalment and raises the total interest. Both figures use the cheapest published rate.
| Years | Monthly | Total interest | Income needed |
|---|---|---|---|
| 5 years | Rs. 37,871 | Rs. 2,72,253 | Rs. 75,742 |
| 7 years | Rs. 28,400 | Rs. 3,85,564 | Rs. 56,799 |
| 10 yearsat the cheapest published rate | Rs. 21,350 | Rs. 5,62,027 | Rs. 42,700 |
| 15 years | Rs. 15,962 | Rs. 8,73,180 | Rs. 31,924 |
What each bank would charge
Effective rate is the bank's base rate plus its published premium for this product. Instalment is over 10 years.
| Bank | Effective rate | Monthly EMI | Total interest | |
|---|---|---|---|---|
 Rastriya Banijya BankMin | 5.14% | Rs. 21,350 | Rs. 5,62,027 | Apply now |
 Himalayan Bank | 5.56% | Rs. 21,765 | Rs. 6,11,772 | Apply now |
 Machhapuchchhre Bank | 5.81% | Rs. 22,014 | Rs. 6,41,650 | Apply now |
 Laxmi Sunrise Bank | 5.82% | Rs. 22,024 | Rs. 6,42,850 | Apply now |
 Prabhu Bank | 5.99% | Rs. 22,194 | Rs. 6,63,287 | Apply now |
 Everest Bank | 6.17% | Rs. 22,375 | Rs. 6,85,027 | Apply now |
 Nepal Bank Limited | 6.42% | Rs. 22,628 | Rs. 7,15,393 | Apply now |
 Sanima Bank | 6.63% | Rs. 22,842 | Rs. 7,41,053 | Apply now |
| Nepal SBI Bank | 7.14% | Rs. 23,366 | Rs. 8,03,951 | Apply now |
 Global IME Bank | 7.31% | Rs. 23,542 | Rs. 8,25,099 | Apply now |
 Kumari Bank | 7.35% | Rs. 23,584 | Rs. 8,30,089 | Apply now |
 Nabil Bank | 7.46% | Rs. 23,699 | Rs. 8,43,835 | Apply now |
 Citizens Bank International | 7.54% | Rs. 23,782 | Rs. 8,53,855 | Apply now |
 NMB Bank | 7.55% | Rs. 23,793 | Rs. 8,55,109 | Apply now |
 Standard Chartered Bank Nepal | 7.55% | Rs. 23,793 | Rs. 8,55,109 | Apply now |
 Agricultural Development Bank | 7.78% | Rs. 24,034 | Rs. 8,84,038 | Apply now |
 Nepal Investment Mega Bank | 7.94% | Rs. 24,202 | Rs. 9,04,259 | Apply now |
 Siddhartha Bank | 8.09% | Rs. 24,361 | Rs. 9,23,288 | Apply now |
 Prime Commercial Bank | 8.19% | Rs. 24,467 | Rs. 9,36,013 | Apply now |
 NIC Asia Bank | 8.27% | Rs. 24,552 | Rs. 9,46,215 | Apply now |
Rates shown are base rate plus the bank's published premium. Fixed-rate options are listed where the bank offers them.
What is the EMI on a Rs. 20 Lakh Education Loan in Nepal?+
At 5.14%, the cheapest published rate this month, the instalment is Rs. 21,350 a month over 10 years. Over 5 years it rises to Rs. 37,871, and the total interest falls.
How much salary do I need for a Rs. 20 Lakh Education Loan?+
Roughly Rs. 42,700 a month, because banks keep total instalments within about half of verifiable income. If you already pay another instalment, you need more, or a longer term.
Which bank is cheapest for a Rs. 20 Lakh Education Loan?+
Rastriya Banijya Bank at 5.14% effective, from a base rate of 4.14% plus a 1% premium, published for Bhadra 2083. Rates change monthly, so check the date on any figure you are quoted.