🏦 Loan Details
NPR
1L5Cr
% p.a.
1%30%
Yr
Mo
1 Mo30 Yr
Monthly EMI
—
NPR / month
Total Interest
—
NPR
Total Payment
—
NPR
What is an EMI?
An EMI (Equated Monthly Instalment) is the fixed monthly payment a borrower makes to repay a loan over a set period. Each EMI covers both a portion of the principal (the original loan amount) and the interest charged for that month. In the early months, a larger share goes toward interest; over time, more goes toward repaying the principal.
Formula: EMI = [P × r × (1+r)^n] / [(1+r)^n – 1]
FAQ
Common Questions
EMI (Equated Monthly Instalment) is the fixed monthly payment a borrower makes to repay a loan. It includes both a principal component and an interest component, calculated so the loan is fully repaid by the end of the tenure.
EMI = [P × r × (1+r)^n] ÷ [(1+r)^n – 1], where P is the principal loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the total number of monthly instalments.
Yes. After calculating, click the "Download Excel" button to export the full month-by-month amortization schedule as an Excel (.xlsx) file.
Home loan interest rates in Nepal typically range from 8% to 13% per annum depending on the bank and loan type. Check with your bank for current rates, then enter the exact figure into the calculator above for an accurate EMI.