Rate pre-filled with today's median starting personal loan rate across 35 banks (6.59%). The lowest starting rate is 4.55% (Agricultural Dev. Bank). Compare every bank on the personal loan rates page.
Personal loan EMI by bank
EMI for Rs 5,00,000 over 3 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% – 9.55% | Rs 14,885 | Rs 16,028 |
| Prime Commercial Bank | 4.87% – 9.87% | Rs 14,956 | Rs 16,103 |
| Excel Bikas Bank | 4.99% – 8.99% | Rs 14,983 | Rs 15,898 |
| Shine Resunga Dev. Bank | 5.47% – 9.47% | Rs 15,091 | Rs 16,009 |
| Shangrila Development Bank | 5.57% – 9.56% | Rs 15,114 | Rs 16,031 |
| Himalayan Bank | 5.59% – 7.59% | Rs 15,118 | Rs 15,574 |
| Nepal SBI Bank | 5.61% – 7.61% | Rs 15,123 | Rs 15,578 |
| Jyoti Bikas Bank | 5.64% – 10.64% | Rs 15,130 | Rs 16,284 |
| Miteri Development Bank | 5.64% – 9.64% | Rs 15,130 | Rs 16,049 |
| NABIL Bank | 5.91% – 7.91% | Rs 15,191 | Rs 15,647 |
| Laxmi Sunrise Bank | 5.94% – 7.94% | Rs 15,197 | Rs 15,654 |
| NIC Asia Bank | 5.94% – 7.94% | Rs 15,197 | Rs 15,654 |
| Gurkhas Finance | 6.21% – 5.00% | Rs 15,259 | Rs 14,985 |
| Green Dev. Bank | 6.28% – 10.28% | Rs 15,274 | Rs 16,199 |
| Central Finance Ltd | 6.31% – 11.31% | Rs 15,281 | Rs 16,443 |
| Kumari Bank | 6.42% – 8.42% | Rs 15,306 | Rs 15,765 |
| Lumbini Bikas Bank | 6.46% – 9.46% | Rs 15,315 | Rs 16,007 |
| Pokhara Finance | 6.59% – 11.59% | Rs 15,345 | Rs 16,509 |
| Goodwill Finance | 6.65% – 10.65% | Rs 15,359 | Rs 16,287 |
| Rastriya Banijya Bank | 6.76% – 7.01% | Rs 15,384 | Rs 15,441 |
| Sanima Bank | 6.76% – 8.21% | Rs 15,384 | Rs 15,717 |
| Reliance Finance | 6.85% – 8.60% | Rs 15,404 | Rs 15,807 |
| Nepal Bank Limited | 6.91% – 7.91% | Rs 15,418 | Rs 15,647 |
| Prabhu Bank | 6.94% – 8.94% | Rs 15,425 | Rs 15,886 |
| Nepal Investment Mega Bank | 7.05% – 9.05% | Rs 15,450 | Rs 15,912 |
| Sindhu Bikas Bank | 7.25% – 12.25% | Rs 15,496 | Rs 16,667 |
| ICFC Finance | 7.29% – 9.29% | Rs 15,505 | Rs 15,967 |
| Progressive Fin. Co. | 7.33% – 10.33% | Rs 15,514 | Rs 16,211 |
| Nepal Finance | 7.36% – 4.00% | Rs 15,521 | Rs 14,762 |
| NMB Bank | 7.51% – 9.51% | Rs 15,555 | Rs 16,019 |
| Muktinath Bikas Bank | 7.52% – 9.52% | Rs 15,558 | Rs 16,021 |
| Garima Bikas Bank | 7.72% – 9.72% | Rs 15,604 | Rs 16,068 |
| Best Finance | 8.10% – 13.10% | Rs 15,691 | Rs 16,871 |
| Standard Chartered Bank | 8.12% – 8.62% | Rs 15,696 | Rs 15,812 |
| Kamana Sewa Bikas Bank | 8.99% | Rs 15,898 | – |
Year-by-year schedule
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| Year 1 | Rs 1,55,841 | Rs 28,299 | Rs 3,44,159 |
| Year 2 | Rs 1,66,427 | Rs 17,713 | Rs 1,77,732 |
| Year 3 | Rs 1,77,732 | Rs 6,408 | Rs 0 |
Quick EMI table
| Loan amount | 1 years | 3 years | 5 years |
|---|---|---|---|
| Rs 1 lakh | Rs 8,634 | Rs 3,069 | Rs 1,961 |
| Rs 3 lakh | Rs 25,901 | Rs 9,207 | Rs 5,882 |
| Rs 5 lakh | Rs 43,169 | Rs 15,345 | Rs 9,804 |
| Rs 10 lakh | Rs 86,338 | Rs 30,690 | Rs 19,608 |
Personal loans cost more
Personal loans are usually priced higher than home or vehicle loans, because they are lightly secured or unsecured. Compare the range on the personal loan page: the gap between banks can be several points.
Borrow for the shortest time you can manage
On a small loan, a shorter tenure raises the EMI only a little but cuts the total interest a lot. The table above shows the difference between 1, 3 and 5 years.
Watch the fees
Ask for the service fee and any insurance in writing. On a small loan, fees can add noticeably to the real cost.
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