EMI Calculator
EMI Calculator
Calculate your Equated Monthly Instalment for any Nepali bank loan
रू
%
Yr
Monthly EMI
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Monthly EMI
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Principal Amount
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Total Interest
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Total Payment
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* Calculated using Reducing Balance method as per Nepali banking standard (NRB guidelines).
| Month | EMI | Principal | Interest | Balance |
|---|
What is EMI?
An Equated Monthly Instalment (EMI) is a fixed monthly payment made to a bank or financial institution to repay a loan. Every EMI has two components: principal repayment and interest payment. In Nepal, all major banks including NMB Bank, Nabil Bank, Nepal Investment Bank, and Global IME Bank use the Reducing Balance method for EMI calculation.
EMI Formula (Reducing Balance Method)
EMI = [P × r × (1+r)ⁿ] ÷ [(1+r)ⁿ − 1] — where P = Principal loan amount, r = Monthly interest rate (Annual rate ÷ 12 ÷ 100), n = Total months of loan tenure. This is the standard formula as per Nepal Rastra Bank (NRB) guidelines.