Nepal Interest Calculator
About This Calculator
This simple and fast calculator helps you estimate financial scenarios—loans, deposits, or investments—in the Nepali context. Use the simple design to quickly switch between Simple Interest (interest only on principal) and Compound Interest (interest on principal plus accumulated interest).
FAQs About Interest in Nepal
How is simple interest calculated?
Simple Interest (I) is calculated using the formula: $I = \frac{P \times R \times T}{100}$. Our tool also calculates your exact monthly interest amount.
How often is interest typically compounded in Nepali banks?
Most commercial banks in Nepal compound interest on savings and fixed deposits quarterly (4 times per year). You can adjust this setting in the Compound Interest tab.
What are typical loan and deposit rates in Nepal?
Rates are dynamic and set by individual banks based on Nepal Rastra Bank policy. Loan rates generally vary (e.g., $10\%$ to $16\%$), and deposit rates are lower. Always check with your specific bank for the current rate.