Nepal Loan Eligibility Calculator 2083/84
Calculator Engine
FOIR = Fixed Obligation to Income Ratio
Result Summary
Maximum Eligible Loan
Rs. 40,56,722
Based on 12.5% for 15 Yrs
Max EMI Allowed
Rs. 50,000
Surplus EMI
Rs. 50,000
Debt Burden (DTI)0.0%
Eligibility Logic
Banks in Nepal typically limit your total monthly loan installments (EMI) to 50% to 60% of your gross monthly income. This is known as the FOIR or Debt-to-Income ratio.
NRB Provision
Regulatory caps may vary for productive vs. non-productive sectors.
How to Improve?
Longer Tenure
Increases eligibility by lowering EMI
Clear Debts
Closing small loans increases surplus income
Co-Applicant
Add spouse income to boost overall capacity
How to use
- Enter your gross monthly salary (before tax and other deductions).
- Include all your current monthly EMIs (bike loan, personal loan, etc).
- Set the interest rate you expect from the bank (e.g., 12.5%).
- Select the loan tenure. Longer tenure = Higher loan eligibility.
- Adjust the FOIR limit based on your bank's specific policy (default 50%).
Eligibility Axiom
Standard Banking Multiplier logic used by BFIs in Nepal.
Eligible Loan = (Monthly Surplus EMI × (1 - (1 + r)^-n)) / r
Surplus EMI = (Monthly Income × FOIR%) - Existing EMIs
r = Annual Interest Rate / 12 / 100
n = Tenure in Years × 12
Frequently Asked Questions
Fixed Obligation to Income Ratio (FOIR) is the percentage of your monthly income that the bank allows for EMI payments. In Nepal, it is usually 50%, but can go up to 60% for certain professions.
While Nepal doesn't have a numeric 'credit score' like the US, banks check the CICL (Credit Information Bureau) report. Any default in the past can result in immediate rejection.
Yes, but you must provide 2 years of audited financial statements and tax clearance certificates. The bank will calculate your eligibility based on average monthly net profit.
Financial Rates
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