EMI on a Rs. 3 Lakh Gold Loan
At 6.32% from Laxmi Sunrise Bank, the cheapest published rate this month, a Rs. 3 Lakh Gold Loan costs Rs. 13,339 a month over 2 years. 20 of Nepal's 20 commercial banks will lend this amount.
- Monthly instalment
- Rs. 13,339
- Effective rate
- 6.32%
- Income needed
- Rs. 26,679
- banks
- 20 / 20
- Effective from
- Bhadra 2083
Effective from: Bhadra 2083Laxmi Sunrise Bank
Monthly instalment
Rs. 13,339
at the cheapest published rate
Income a bank will want to see
Rs. 26,679
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 2 years
Rs. 20,148
Total you repay
Rs. 3,20,148
Property value you need
Rs. 4.29 Lakh
Banks lend up to 70% of the assessed value, and their assessment is usually below the market price. You fund the rest yourself.
Your own contribution
Rs. 1.29 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 |
|---|---|---|---|
| 1 years | Rs. 25,864 | Rs. 10,369 | Rs. 51,728 |
| 2 yearsat the cheapest published rate | Rs. 13,339 | Rs. 20,148 | Rs. 26,679 |
| 3 years | Rs. 9,170 | Rs. 30,125 | Rs. 18,340 |
What each bank would charge
Effective rate is the bank's base rate plus its published premium for this product. Instalment is over 2 years.
| Bank | Effective rate | Monthly EMI | Total interest | |
|---|---|---|---|---|
 Laxmi Sunrise BankMin | 6.32% | Rs. 13,339 | Rs. 20,148 | Apply now |
 NIC Asia Bank | 6.68% | Rs. 13,388 | Rs. 21,319 | Apply now |
 Machhapuchchhre Bank | 6.81% | Rs. 13,406 | Rs. 21,743 | Apply now |
 Nepal Bank Limited | 6.92% | Rs. 13,421 | Rs. 22,102 | Apply now |
| Nepal SBI Bank | 7.14% | Rs. 13,451 | Rs. 22,820 | Apply now |
 Nabil Bank | 7.46% | Rs. 13,494 | Rs. 23,866 | Apply now |
 Agricultural Development Bank | 7.68% | Rs. 13,524 | Rs. 24,587 | Apply now |
 Nepal Investment Mega Bank | 7.73% | Rs. 13,531 | Rs. 24,751 | Apply now |
 Everest Bank | 7.78% | Rs. 13,538 | Rs. 24,915 | Apply now |
 Standard Chartered Bank Nepal | 8.02% | Rs. 13,571 | Rs. 25,702 | Apply now |
 Prime Commercial Bank | 8.06% | Rs. 13,576 | Rs. 25,834 | Apply now |
 Prabhu Bank | 8.11% | Rs. 13,583 | Rs. 25,998 | Apply now |
 Rastriya Banijya Bank | 8.14% | Rs. 13,587 | Rs. 26,096 | Apply now |
 Sanima Bank | 8.22% | Rs. 13,598 | Rs. 26,359 | Apply now |
 Global IME Bank | 8.23% | Rs. 13,600 | Rs. 26,392 | Apply now |
 Citizens Bank International | 8.33% | Rs. 13,613 | Rs. 26,721 | Apply now |
 Siddhartha Bank | 8.34% | Rs. 13,615 | Rs. 26,754 | Apply now |
 Himalayan Bank | 8.4% | Rs. 13,623 | Rs. 26,952 | Apply now |
 NMB Bank | 8.43% | Rs. 13,627 | Rs. 27,050 | Apply now |
 Kumari Bank | 8.47% | Rs. 13,633 | Rs. 27,182 | 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. 3 Lakh Gold Loan in Nepal?+
At 6.32%, the cheapest published rate this month, the instalment is Rs. 13,339 a month over 2 years. Over 1 years it rises to Rs. 25,864, and the total interest falls.
How much salary do I need for a Rs. 3 Lakh Gold Loan?+
Roughly Rs. 26,679 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. 3 Lakh Gold Loan?+
Laxmi Sunrise Bank at 6.32% effective, from a base rate of 4.82% plus a 1.5% premium, published for Bhadra 2083. Rates change monthly, so check the date on any figure you are quoted.