Rate pre-filled with today's median starting education loan rate across 36 banks (6.21%). The lowest starting rate is 4.55% (Agricultural Dev. Bank). Compare every bank on the education loan rates page.
Education loan EMI by bank
EMI for Rs 25,00,000 over 7 years at each bank's published starting rate and at the top of its range. Updates as you change the calculator.
| Bank | Rate (from – to) | EMI at starting rate | EMI at top of range |
|---|---|---|---|
| Agricultural Dev. Bank | 4.55% – 6.55% | Rs 34,809 | Rs 37,184 |
| Prime Commercial Bank | 4.87% – 9.87% | Rs 35,182 | Rs 41,335 |
| Siddhartha Bank | 4.93% – 8.18% | Rs 35,253 | Rs 39,190 |
| Citizens Bank Int'l | 4.97% – 7.97% | Rs 35,300 | Rs 38,928 |
| Excel Bikas Bank | 4.99% – 8.99% | Rs 35,323 | Rs 40,210 |
| Rastriya Banijya Bank | 5.01% – 6.01% | Rs 35,347 | Rs 36,533 |
| Lumbini Bikas Bank | 5.46% – 9.46% | Rs 35,878 | Rs 40,809 |
| Shine Resunga Dev. Bank | 5.47% – 9.47% | Rs 35,890 | Rs 40,822 |
| Shangrila Development Bank | 5.57% – 9.56% | Rs 36,008 | Rs 40,937 |
| Himalayan Bank | 5.59% – 7.59% | Rs 36,032 | Rs 38,457 |
| Jyoti Bikas Bank | 5.64% – 10.64% | Rs 36,091 | Rs 42,334 |
| Miteri Development Bank | 5.64% – 9.64% | Rs 36,091 | Rs 41,039 |
| Mahalaxmi Bikas Bank | 5.68% – 9.43% | Rs 36,139 | Rs 40,770 |
| Machhapuchchhre Bank | 5.93% – 7.93% | Rs 36,438 | Rs 38,878 |
| Laxmi Sunrise Bank | 5.94% – 7.94% | Rs 36,450 | Rs 38,891 |
| Manjushree Finance | 5.94% – 9.94% | Rs 36,450 | Rs 41,425 |
| Prabhu Bank | 5.94% – 7.94% | Rs 36,450 | Rs 38,891 |
| Everest Bank | 6.18% – 8.18% | Rs 36,737 | Rs 39,190 |
| Gurkhas Finance | 6.21% – 5.00% | Rs 36,774 | Rs 35,335 |
| Garima Bikas Bank | 6.22% – 8.22% | Rs 36,786 | Rs 39,240 |
| Green Dev. Bank | 6.28% – 10.28% | Rs 36,858 | Rs 41,866 |
| Nepal Bank Limited | 6.41% – 7.41% | Rs 37,015 | Rs 38,235 |
| Pokhara Finance | 6.59% – 11.59% | Rs 37,233 | Rs 43,586 |
| Global IME Bank | 6.64% – 8.64% | Rs 37,293 | Rs 39,767 |
| Goodwill Finance | 6.65% – 10.65% | Rs 37,305 | Rs 42,347 |
| Sanima Bank | 6.76% – 8.21% | Rs 37,439 | Rs 39,228 |
| Nepal Investment Mega Bank | 7.05% – 9.05% | Rs 37,793 | Rs 40,286 |
| Nepal SBI Bank | 7.11% – 9.11% | Rs 37,866 | Rs 40,362 |
| Progressive Fin. Co. | 7.33% – 10.33% | Rs 38,136 | Rs 41,930 |
| Nepal Finance | 7.36% – 4.00% | Rs 38,173 | Rs 34,172 |
| NABIL Bank | 7.41% – 9.41% | Rs 38,235 | Rs 40,745 |
| Kumari Bank | 7.42% – 8.92% | Rs 38,247 | Rs 40,121 |
| NMB Bank | 7.51% – 9.51% | Rs 38,358 | Rs 40,873 |
| Muktinath Bikas Bank | 7.52% – 9.52% | Rs 38,370 | Rs 40,886 |
| Reliance Finance | 7.85% – 8.85% | Rs 38,779 | Rs 40,033 |
| NIC Asia Bank | 8.99% | Rs 40,210 | – |
Year-by-year schedule
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| Year 1 | Rs 2,94,316 | Rs 1,46,967 | Rs 22,05,684 |
| Year 2 | Rs 3,13,123 | Rs 1,28,160 | Rs 18,92,561 |
| Year 3 | Rs 3,33,131 | Rs 1,08,152 | Rs 15,59,430 |
| Year 4 | Rs 3,54,417 | Rs 86,866 | Rs 12,05,013 |
| Year 5 | Rs 3,77,064 | Rs 64,219 | Rs 8,27,949 |
| Year 6 | Rs 4,01,158 | Rs 40,125 | Rs 4,26,791 |
| Year 7 | Rs 4,26,791 | Rs 14,492 | Rs 0 |
Quick EMI table
| Loan amount | 5 years | 7 years | 10 years |
|---|---|---|---|
| Rs 10 lakh | Rs 19,431 | Rs 14,709 | Rs 11,208 |
| Rs 20 lakh | Rs 38,861 | Rs 29,419 | Rs 22,416 |
| Rs 30 lakh | Rs 58,292 | Rs 44,128 | Rs 33,623 |
| Rs 40 lakh | Rs 77,722 | Rs 58,838 | Rs 44,831 |
Grace period or immediate EMI?
Some banks start the EMI as soon as the loan is released; others let you pay only interest while you study. A grace period eases the strain now but adds to the total cost. Use the calculator for the repayment period after the grace period ends.
Repaying from abroad
Many students repay from their earnings abroad and pay off early once they can. Check the prepayment terms, and send repayments through a cheap channel: the exchange rate usually matters more than the fee (see remittance rates).
Before you apply
Most Nepali banks lend against collateral and need the admission letter and fee estimate. The study-abroad loan guide covers documents and timing.
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