Work out your monthly EMI, total interest and total payment for any loan — home, auto, personal or business.
कर्जाको मासिक किस्ता (EMI), कुल ब्याज र कुल भुक्तानी हिसाब गर्नुहोस्।
Monthly EMI
Rs —
per month
Principal—
Total interest—
Total payment—
PrincipalInterest
📌 This is an estimate using the standard reducing-balance EMI formula. Actual EMI can vary slightly by bank based on processing fees, exact day-count and whether the rate is fixed or floating.
EMI (Equated Monthly Instalment) is the fixed amount you pay the bank each month. It is calculated on a reducing balance basis with this formula:
EMI = P × r × (1+r)ⁿ ÷ [ (1+r)ⁿ − 1 ]
where P = loan amount, r = monthly interest rate (annual ÷ 12 ÷ 100), and n = number of monthly instalments. A longer tenure lowers the EMI but increases total interest; a shorter tenure does the opposite.
Frequently Asked Questions
How is loan EMI calculated in Nepal?
EMI uses the reducing-balance formula EMI = P×r×(1+r)ⁿ ÷ ((1+r)ⁿ−1), where P is the loan amount, r is the monthly rate (annual ÷ 12 ÷ 100) and n is the number of months. This calculator does it instantly.
Should I choose a longer or shorter tenure?
A longer tenure means a smaller monthly EMI but more total interest paid. A shorter tenure means a bigger EMI but less interest overall. Pick an EMI you can comfortably afford while keeping total interest reasonable.
Is the calculated EMI exact?
It is a close estimate. Your actual EMI may differ slightly due to bank processing fees, exact day-count conventions, and whether your interest rate is fixed or floating.