Ready home / flat loan
One sanction against a completed house or apartment. Disbursement is usually faster once the sale deed, valuation and insurance are in place. EMI starts on the full released amount.
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Construction financing · Homeowners & NRN clients
Home Loan EMI Calculator Nepal — EMI, Prepayment & Eligibility
Free Nepal home loan EMI calculator with yearly breakdown, one-time prepayment savings and eligibility check. Estimate monthly EMI, interest payable, new tenure after foreclosure and how much you can borrow for a house or construction loan.
EMI + yearly schedulePrepayment savingsEligibility checkFree · no account
Loan details
What are you borrowing?
Monthly Payment (EMI)
Rs. 46,606.56
20 years · 9.5% reducing balance
- Principal
- Rs. 5,000,000.00
- Interest Payable
- Rs. 6,185,574.25
- Total Amount
- Rs. 11,185,574.25
- Principal 45%
- Interest 55%
Amortization
Yearly Breakdown
Each row is one EMI. Use Add to test a one-time extra payment in that month — the remaining schedule updates immediately.
| Month | EMI Amount | Interest | Principal | Balance | Prepayment |
|---|---|---|---|---|---|
| August | Rs. 46,606.56 | Rs. 39,583.33 | Rs. 7,023.23 | Rs. 4,992,976.77 | |
| September | Rs. 46,606.56 | Rs. 39,527.73 | Rs. 7,078.83 | Rs. 4,985,897.95 | |
| October | Rs. 46,606.56 | Rs. 39,471.69 | Rs. 7,134.87 | Rs. 4,978,763.08 | |
| November | Rs. 46,606.56 | Rs. 39,415.21 | Rs. 7,191.35 | Rs. 4,971,571.73 | |
| December | Rs. 46,606.56 | Rs. 39,358.28 | Rs. 7,248.28 | Rs. 4,964,323.45 | |
| Total | Rs. 233,032.80 | Rs. 197,356.24 | Rs. 35,676.55 |
Home loan structures in Nepal
The EMI is only one line of a larger file
A construction-linked home loan is not the same product as a ready-house mortgage. Tenure, disbursement, documents and when interest starts all change. Use the tabs above to price the monthly number, then read the structure you are actually signing.
House construction loan
Sanctioned against land + approved drawings + a cost estimate. Money is released in stages (foundation, each slab, brickwork, finishing). Interest accrues only on what has already been disbursed — early EMIs can look smaller than the full-loan EMI.
Plot + construction package
Two linked facilities: a land tranche first, then construction tranches. Confirm both tenures, both rates and whether the land EMI is absorbed into the construction EMI later.
Home improvement / renovation
Shorter tenures, smaller tickets. Banks want a written scope (kitchen, bathrooms, extra floor). Pair this with the renovation and interior calculators so the file matches the site plan.
NRN / remittance-backed loan
Foreign income is accepted by several Nepal banks if a local co-borrower signs and remittance history is clean. Many diaspora families take a smaller local loan and send equity in stages — that mix often costs less than leveraging the full build.
Top-up or loan against property
Extra borrowing on a house you already own, or on a running home loan. Useful for a later storey, interiors or a second plot. LTV is measured on current valuation, not the original purchase price.
Stage-wise disbursement
Agree the tranche schedule in writing and align it with contractor milestones. A delayed photo record or missing bill can stall the next release exactly when the mason needs cement.
Prepay early, not late
The first years of a long loan are interest-heavy. A prepayment in year one usually saves more than the same amount in year twelve. Check lock-in and foreclosure charges first.
Costs outside the EMI
Processing fee, valuation, legal, insurance, stamp duty and municipality charges sit outside this calculator. Keep them in the project budget, not in the EMI line.
Documents banks usually ask for
- Citizenship / passport and recent photos
- Income: salary certificate, audited accounts or remittance trail
- 6–12 months of bank statements
- Lalpurja, char killa and latest malpot / tax receipt
- Municipality-approved drawings (Naksa Pass)
- Engineer’s cost estimate / BOQ for construction loans
- Valuation report and site photographs
- Co-borrower papers if income is foreign or informal
Worked EMI, prepayment and eligibility examples are in the home loan EMI calculator guide. For papers and tranche disbursement, read the home loan process article, then track actual site spend in GharNaksa so each bank inspection is quick.
Practical guide
Understand the numbers before you use them on site
Read the related guide for assumptions, ordering tips and ways to compare the estimate with actual site records.
Related free calculators on GharNaksa
Same-category tools first so each intent stays clustered—then open the full hub if you need a different job.
Frequently asked questions
Use the estimate with confidence
How is home loan EMI calculated in Nepal?
Nepali banks use a reducing-balance EMI: EMI = P × r × (1 + r)ⁿ ÷ [(1 + r)ⁿ − 1], where P is the loan amount, r is the monthly interest rate (yearly rate ÷ 12) and n is the number of months. Early installments are interest-heavy; later ones pay more principal.
What is a typical home loan interest rate in Nepal?
Almost all home and construction loans are floating: a published base rate plus a bank premium, often revised quarterly. Treat any single number as a snapshot. Ask two or three banks for a written quote in the same week and compare the base rate, premium, reset period and fees.
How much home loan can I get on my salary?
Banks commonly cap total EMIs near 50–60% of documented monthly income (FOIR) and finance about 50–70% of property valuation, depending on loan type. Use the Home Loan Calculator tab: enter income, existing EMIs, tenure and rate to see a planning ceiling — not a sanction letter.
Does a construction loan EMI start on the full sanction?
Usually not. A house construction loan is released in tranches against verified progress (foundation, slabs, finishing). Interest is charged only on the amount already disbursed, so early EMIs can be smaller than the full-loan EMI this calculator shows.
Is it better to reduce tenure or reduce EMI after a prepayment?
Reducing tenure almost always saves more interest because you stay on the higher EMI for fewer months. Reduce EMI if cash-flow safety matters more than lifetime cost. Check lock-in and foreclosure charges (often 0.5–2%) before paying extra.
What documents do I need for a Nepal home or construction loan?
Typically: identity papers, income proof and bank statements, lalpurja and tax clearance, municipality-approved drawings (Naksa Pass), an engineer’s cost estimate, and a bank valuation. NRN files usually add a local co-borrower and remittance history.