~/tools/emi-calculator $ run emi-amortization-schedule --loan=1000000
EMI & Bank Loan Calculator Nepal 2083
Calculate monthly EMI payments, total loan interest, and view a complete year-by-year principal vs interest amortization table for home, auto, and personal loans in Nepal.
// Year-by-Year Amortization Schedule
| Year | Opening Balance | Principal Paid | Interest Paid | Total Annual EMI | Closing Balance |
|---|---|---|---|---|---|
| Year 1 | Rs 10,00,000.00 | Rs 1,62,268.12 | Rs 92,696.42 | Rs 2,54,964.54 | Rs 8,37,731.88 |
| Year 2 | Rs 8,37,731.88 | Rs 1,79,259.71 | Rs 75,704.82 | Rs 2,54,964.54 | Rs 6,58,472.17 |
| Year 3 | Rs 6,58,472.17 | Rs 1,98,030.55 | Rs 56,933.99 | Rs 2,54,964.54 | Rs 4,60,441.62 |
| Year 4 | Rs 4,60,441.62 | Rs 2,18,766.93 | Rs 36,197.60 | Rs 2,54,964.54 | Rs 2,41,674.69 |
| Year 5 | Rs 2,41,674.69 | Rs 2,41,674.69 | Rs 13,289.85 | Rs 2,54,964.54 | Rs 0.00 |
// Bank Interest Rates in Nepal
Nepal A-class commercial bank base rates currently range around 8.5% to 11.5% p.a.
Auto and hire purchase loans range around 10% to 13.5% p.a. in Nepal.
// Frequently Asked Questions (EMI Calculator)
How is Equated Monthly Installment (EMI) calculated?
EMI = P × R × (1 + R)^N / [(1 + R)^N − 1], where P is Principal loan amount, R is monthly interest rate (annual rate / 12 / 100), and N is total loan tenure in months.
What is an amortization schedule?
An amortization schedule breaks down every monthly or yearly EMI payment into principal repayment and interest charges, showing how loan balance reduces over time.
Does prepaying a loan reduce total EMI interest in Nepal?
Yes! Making partial prepayments directly reduces outstanding loan principal balance, significantly shortening loan tenure and cutting overall interest paid.