Nepal Auto Loan EMI Calculator 2083/84
Calculator Engine
NRB Directive: Maximum financing allowed is 80% of the vehicle value for personal use.
Result Summary
Estimated Monthly EMI
Rs. 55,637
At 11.5% for 7 Years
Down Payment
Rs. 8,00,000
Total Interest
Rs. 14,73,481
Total Loan Amount
Rs. 32,00,000
Loan Capital Split
Total CostRs. 46,73,481
Principal
Interest
NRB Auto Loan Mandates
Nepal Rastra Bank enforces specific LTV (Loan-to-Value) ratios for vehicle financing to maintain financial stability.
Personal Fuel Cars50% Max Financing
Electric Vehicles (EV)80% Max Financing
Commercial Vehicles70%-80% Case-by-Case
How to use
- Select the vehicle category (Fuel vs Electric) to auto-apply NRB rules.
- Enter the total vehicle price as per the dealer's quotation.
- Adjust your down payment. Note that minimums are 50% for fuel and 20% for EV.
- Set the bank's interest rate (usually Base Rate + 2-4% Premium).
- Select the tenure. Max auto loan tenure in Nepal is typically 7-8 years.
- Review the EMI and total interest payable before visiting the bank.
Standard EMI Logic
Reducing balance EMI calculation used by Nepalese banks.
EMI = [P × r × (1+r)^n] / [(1+r)^n - 1]
P: Loan Amount (Price - Down Payment)
r: Monthly Interest Rate (Annual Rate / 12 / 100)
n: Total Number of Months (Years × 12)
Frequently Asked Questions
For personal vehicles, most banks offer up to 7-8 years. For electric vehicles, some banks extend it slightly, but 7 years remains the standard benchmark.
Nepal Rastra Bank maintains a 50% down payment rule for fuel-powered personal vehicles to discourage high luxury imports and manage liquidity.
Yes, commercial vehicles often qualify for higher financing ratios (70-80%) compared to personal fuel cars (50%).
Financial Rates
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