🏦 EMI Calculator (Nepal)
Monthly EMI
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Principal Amount:
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Interest Amount:
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Total Payment:
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Total Interest:
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Loan Completion Year
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💡 How EMI Calculation Works:
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Where:
P = Principal loan amount
R = Monthly interest rate (annual rate/12/100)
N = Loan tenure in months
Where:
P = Principal loan amount
R = Monthly interest rate (annual rate/12/100)
N = Loan tenure in months
🏦 Easy-to-Use EMI Calculator for Nepal – Plan Your Loan Smartly
Thinking of taking a loan but unsure how much you’ll have to pay every month? No worries! Our EMI Calculator for Nepal is here to help. Whether you're buying a new bike, car, house, or taking out a personal loan, this tool will instantly show you your monthly EMI and total repayment.
It’s simple, fast, and made for anyone in Nepal who wants to understand their loan better.
🔍 What is an EMI Calculator?
EMI (Equated Monthly Installment) means the fixed amount you pay every month to the bank or finance company until your loan is fully paid.
This online calculator helps you:
- Know your monthly EMI
- See how much interest you'll pay
- Find out your total repayment amount
- Get a full year-wise and month-wise breakdown
You just need to enter:
- Loan amount (in Rs.)
- Annual interest rate (%)
- Loan period (in years or months)
- Optional: If you’re planning to make a prepayment
⚙️ How Does It Work?
The tool uses a simple formula:
EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]
Where:
P = Loan amount
R = Monthly interest rate
N = Loan tenure in months
But you don’t have to worry about the math — just enter your details and we’ll do the calculation instantly.
💡 Prepayment Option – Save Money Smartly
Planning to make an early prepayment? Great! You can add a lump sum prepayment in the calculator and it will:
- Adjust your loan balance
- Reduce your total interest
- Possibly shorten your loan period
It shows exactly how much you’ll save — super helpful when planning your budget.
🧮 How to Use the EMI Calculator
- Enter your Loan Amount (e.g. Rs. 3,00,000)
- Type in your Interest Rate (e.g. 11%)
- Set your Loan Tenure (e.g. 5 years or 60 months)
- Tick the Prepayment option (if you plan to pay early)
- Click “Calculate EMI”
Instantly view:
- Monthly EMI
- Interest & principal amounts
- Completion year
- Yearly & monthly schedule
It works smoothly on both mobile and desktop.
📝 Why Use This EMI Calculator?
✅ Simple to use – no technical skills needed
✅ Shows full breakdown – EMI, interest, and balance
✅ Supports prepayment feature
✅ Works for any loan – car, personal, home, education, etc.
✅ Made especially for Nepali users
💬 Frequently Asked Questions
1. Can I use this for a car loan or personal loan in Nepal?
Yes! This calculator works for any fixed-rate loan from banks or cooperatives.
2. What if I make a prepayment after 1 year?
No problem. Just enter the amount and month, and the tool adjusts everything instantly.
3. Does it show interest paid every year?
Yes! You’ll see both yearly and monthly amortization schedules.
4. Will it work for banks like Nabil, NIC Asia, or Global IME?
Yes. You can use this EMI calculator for any Nepali bank or financial institution.