Vehicle Loan EMI Calculator
Work out the monthly instalment for a car or bike loan in Nepal — instantly.
Loan amountRs 20,00,000
Interest rate12% p.a.
Tenure5 years
Monthly EMI
Rs 44,489
Principal Interest
Principal amountRs 20,00,000
Total interestRs 6,69,334
Total payableRs 26,69,334
Indicative only. Actual EMI depends on the bank's rate, processing fees and terms.
How the EMI is calculated
EMI (Equated Monthly Instalment) is the fixed amount you repay each month until the loan is cleared. It is calculated from three things: the loan amount, the annual interest rate, and the tenure. The formula is EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of months.
Tips for a vehicle loan in Nepal
- A larger down payment lowers the loan amount and your monthly EMI.
- A shorter tenure means a higher EMI but far less total interest.
- Compare rates across banks — even 1% makes a real difference over 5–7 years.
- Factor in insurance, registration and processing fees on top of the loan.