Personal Loan EMI Calculator
Calculate your personal loan EMI, total interest, and repayment schedule with current Nepal bank rates. Compare secured vs unsecured loans, analyze debt consolidation options, and plan your borrowing wisely.
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Current Interest Rates
- • Secured: 10% - 14%
- • Unsecured: 12% - 18%
- • Salary-based: 11% - 16%
- • Special schemes available
Loan Features
- • Quick approval process
- • Minimal documentation
- • Flexible tenure: 6-60 months
- • No collateral for salaried
Eligibility Criteria
- • Age: 21-65 years
- • Minimum salary: रु. 15,000
- • Employment: 1+ years
- • Good credit history
Usage Options
- • Medical emergencies
- • Wedding Expenses
- • Education fees
- • Debt consolidation
Best Personal Loan Offers (2024/25)
For Salaried Employees
- • NIC Asia Bank: 11.5% - 15%
- • Global IME Bank: 12% - 16%
- • Nabil Bank: 11% - 14.5%
- • Everest Bank: 12.5% - 16%
For Self-Employed
- • Standard Chartered: 13% - 17%
- • Himalayan Bank: 14% - 18%
- • Nepal Bank: 13.5% - 17%
- • Rastriya Banijya: 12% - 16%
Important Considerations
- • Processing fees typically 2-3% of loan amount
- • Prepayment charges may apply (usually 2-4%)
- • Maximum loan amount: Up to 20x monthly salary
- • Insurance coverage optional but recommended
- • Late payment penalties: 2-3% per month
- • Document requirements: ID, salary slips, bank statements
Smart Borrowing Tips
Before Taking Loan
- • Check credit score
- • Compare multiple banks
- • Calculate affordability
- • Read fine print carefully
During Loan Term
- • Pay EMIs on time
- • Avoid multiple loans
- • Keep EMI < 40% income
- • Maintain emergency fund
Loan Optimization
- • Prepay when possible
- • Choose shorter tenure
- • Negotiate interest rates
- • Consider balance transfer
Disclaimer & Important Notes
- • Interest rates are subject to change based on bank policies and market conditions
- • Actual loan approval depends on individual creditworthiness and documentation
- • This calculator provides estimates for planning purposes only
- • Always verify current rates and terms directly with your chosen bank
- • Consider the total cost of loan including processing fees and insurance