EMI on a Rs. 1 Lakh Personal Loan
At 5.82% from Laxmi Sunrise Bank, the cheapest published rate this month, a Rs. 1 Lakh Personal Loan costs Rs. 3,034 a month over 3 years. 20 of Nepal's 20 commercial banks will lend this amount.
- Monthly instalment
- Rs. 3,034
- Effective rate
- 5.82%
- Income needed
- Rs. 6,068
- banks
- 20 / 20
- Effective from
- Bhadra 2083
Effective from: Bhadra 2083Laxmi Sunrise Bank
Monthly instalment
Rs. 3,034
at the cheapest published rate
Income a bank will want to see
Rs. 6,068
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 3 years
Rs. 9,226
Total you repay
Rs. 1,09,226
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. 8,598 | Rs. 3,180 | Rs. 17,197 |
| 3 yearsat the cheapest published rate | Rs. 3,034 | Rs. 9,226 | Rs. 6,068 |
| 5 years | Rs. 1,925 | Rs. 15,495 | Rs. 3,850 |
What each bank would charge
Effective rate is the bank's base rate plus its published premium for this product. Instalment is over 3 years.
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. 1 Lakh Personal Loan in Nepal?+
At 5.82%, the cheapest published rate this month, the instalment is Rs. 3,034 a month over 3 years. Over 1 years it rises to Rs. 8,598, and the total interest falls.
How much salary do I need for a Rs. 1 Lakh Personal Loan?+
Roughly Rs. 6,068 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. 1 Lakh Personal Loan?+
Laxmi Sunrise Bank at 5.82% effective, from a base rate of 4.82% plus a 1% premium, published for Bhadra 2083. Rates change monthly, so check the date on any figure you are quoted.