Car Loan Calculator
A complete loan breakdown starting from the car's price, including a year-by-year repayment summary.
Enter your car and loan details
Starts from the car's price rather than a pre-decided loan amount.
| Year | Principal paid | Interest paid | Remaining balance |
|---|
How this differs from the quick EMI calculator
This tool starts from the car's price, subtracts your down payment, and adds a one-time processing fee many lenders charge — giving a more complete picture of total loan cost, including a year-by-year repayment summary showing how much of each year's payments go toward interest versus principal.
Reading the amortization summary
Notice that the interest portion of your payments is highest in the early years and falls over time as your balance reduces. This is normal for a reducing-balance loan and is why paying off a car loan even slightly early can meaningfully reduce total interest paid.
Frequently asked questions
What's a typical processing fee?+
Processing fees vary by lender, often as a flat fee or a small percentage of the loan amount. Confirm the exact figure with your bank or finance company before finalising your budget.
Can I pay off my car loan early in Nepal?+
Many lenders allow early or partial prepayment, sometimes with a prepayment charge. Ask your lender about their specific prepayment terms before signing.