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Crafted within Nepal
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  4. Loan EMI Calculator
Finance Calculators
Finance
Updated FY 81/82

Loan EMI Calculator

Calculate monthly Equated Monthly Installment (EMI), total interest payable, and payment schedule for home, car, or personal loans.

Tool Inputs & Parameters

Calculate your Equated Monthly Installment (EMI), total interest payable, and total loan payment breakdown.

Principal Amount

NPR 10,00,000.00

77.54% of total

Total Interest

NPR 2,89,634.02

22.46% of total

Total Payment

NPR 12,89,634.02

Over 60 Months

Monthly Loan EMI Result

Equated Monthly Installment (EMI)NPR 21,493.90

Total Payment: NPR 12,89,634.02 • Total Interest: NPR 2,89,634.02

Calculation Result

Loan EMI Calculator EngineActive

Grade A+ (Distinction)

Introduction

Compute your monthly Equated Monthly Installment (EMI) and total interest payable for bank loans.

Methodology & Execution

Enter principal loan amount, annual interest rate, and tenure in years/months. The calculator computes fixed monthly payment obligations.

Mathematical Formula / Rule

EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]
where P = Principal, R = Monthly Interest Rate, N = Tenure in months.

Example Scenario

Loan of NPR 10,00,000 at 10% annual interest for 5 years (60 months) yields monthly EMI = NPR 21,247.

Important Notes & Disclaimers

  • Based on standard reducing balance interest methodology used by commercial banks.

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