Nepal EMI Comparison Calculator

Compare monthly EMI across 10 major Nepali banks at once. See exactly how much you'd save by choosing the bank with the lowest rate.

Rs 50,00,000
Rs.
15 years · 180 months

Save up to Rs 3,059/month

Rs 5,50,568 over 15 years by picking NIMB over the highest-rate option.

Sorted by lowest EMI

Override any rate inline if your bank quoted you something different.

BankRate (%)Monthly EMI
NIMB
Nepal Investment Mega
Rs 52,211
RBB
Rastriya Banijya Bank
Rs 52,211
Nepal Bank
Nepal Bank Limited
Rs 52,665
Nabil
Nabil Bank
Rs 52,968
SBI Nepal
SBI Nepal
Rs 52,968
EBL
Everest Bank
Rs 53,272
NIC Asia
NIC Asia Bank
Rs 53,700
NMB
NMB Bank
Rs 53,700
Prabhu
Prabhu Bank
Rs 54,498
Mega
Mega Bank
Rs 55,270
Rates shown are indicative. Nepal Rastra Bank revises the base rate quarterly, and each commercial bank publishes its own spread. Always verify the current rate by calling the bank directly before signing — they may also negotiate based on your relationship, income, and collateral. Default rates above reflect publicly-listed schedules as of FY 2082/83.

How EMI is calculated

EMI (Equated Monthly Instalment) is a fixed monthly payment that covers both principal repayment and interest. Banks calculate it using a standard amortization formula:

EMI = P × r × (1+r)^n / ((1+r)^n − 1)
  • P = principal (loan amount)
  • r = monthly interest rate = annual rate ÷ 12 ÷ 100
  • n = total number of monthly payments (tenure in years × 12)

In the early months, most of your EMI goes toward interest. Over time, the principal portion increases. This is why prepaying a loan in the early years saves more interest than prepaying in the final years.

Frequently Asked

Why does each bank show a different EMI for the same loan?
Banks set their own interest rates within a range allowed by Nepal Rastra Bank. The difference comes from how each bank prices the spread above the base rate. Even a 0.5% difference in annual rate can mean Rs 30,000-100,000+ saved over a multi-year loan.
Are these the actual current rates?
They're indicative — collected from each bank's publicly-listed loan schedules as of FY 2082/83. Banks update rates quarterly (sometimes more often). Always call the branch and ask for a written rate quote before signing any loan agreement.
What's the difference between fixed and floating rates?
Most Nepal commercial loans are floating — the rate moves with Nepal Rastra Bank's base rate. The rate shown is your starting rate. Fixed-rate loans are rare and usually only offered for shorter tenures. Ask the bank specifically which type they're offering you.
Are there other fees I should know about?
Yes — most banks charge a loan processing fee (0.5% to 1% of the loan amount), insurance (mandatory for vehicle and home loans), legal/valuation fees, and possibly a prepayment penalty if you close the loan early. Ask for the total cost (APR) in writing, not just the headline interest rate.
Can I negotiate the rate?
Often yes — especially for larger loans (Rs 25 lakh+) or if you have an existing relationship with the bank. Bring a competing rate quote from another bank and ask them to match it. Banks would rather drop the rate slightly than lose your business to a competitor.

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