Auto Loan Calculator Nepal

Planning to buy a car in Nepal? Use this auto loan calculator to estimate your monthly payments, total interest, and loan breakdown. Simply enter your loan amount, interest rate, and loan term to get an accurate calculation.

How to Use This Calculator

Using our auto loan calculator is simple and straightforward. Follow these steps to get your results:

Enter the loan amount in Nepalese Rupees (NPR).
Input the annual interest rate as a percentage.
Specify the loan term in years.
Click the Calculate button to see your results.

The calculator will display your monthly payment, total interest paid, and total amount paid over the life of the loan. You can also view a breakdown of your loan payments in the chart below.

Formula Used

The auto loan calculator uses the standard loan payment formula to calculate your monthly payments:

Monthly Payment = P * (r(1 + r)^n) / ((1 + r)^n - 1) Where: P = Principal loan amount r = Monthly interest rate (annual rate / 12) n = Number of payments (loan term in years * 12)

This formula accounts for the principal amount, interest rate, and loan term to provide an accurate monthly payment estimate.

Worked Example

Let's say you want to borrow NPR 5,000,000 at an annual interest rate of 8% for 5 years. Here's how the calculation works:

Loan Amount: NPR 5,000,000
Annual Interest Rate: 8%
Loan Term: 5 years

Using the formula:

Monthly Payment = 5,000,000 * (0.08/12 * (1 + 0.08/12)^60) / ((1 + 0.08/12)^60 - 1) Monthly Payment ≈ NPR 104,165

Your monthly payment would be approximately NPR 104,165, with a total interest of NPR 1,218,800 and a total amount paid of NPR 6,218,800.

Frequently Asked Questions

What is an auto loan?

An auto loan is a type of loan used to purchase a vehicle. It allows you to finance the cost of the car over time with regular monthly payments.

How is the interest rate determined?

The interest rate for an auto loan is determined by the lender based on factors such as your credit score, loan term, and market conditions.

What is the difference between APR and interest rate?

APR (Annual Percentage Rate) is the total annual cost of borrowing, including fees, while the interest rate is the percentage charged on the principal amount.

Can I pay off my auto loan early?

Yes, you can pay off your auto loan early, but you may be charged prepayment penalties or fees. Check with your lender for specific terms.

About this calculator

Written by Calculator Editorial TeamPractical calculator research and UX writing

Reviewed by Practical Tools ReviewFormula logic, assumptions, and usability checks

Updated June 25, 2026. Formulas, assumptions, and limitations are shown directly on this page.

Formula and Assumptions

The auto loan calculator uses the standard loan payment formula. Assumptions include:

Fixed interest rate throughout the loan term
No prepayment penalties
Regular monthly payments