Kaifeng Finance
- Basis
- Reducing balance
- Amount
- 5 L – 60 L
- Term
- 1 yr – 7 yr
Set the terms.See the instalment.
- NPR
How much do you want to borrow?
5 L – 60 L
- % p.a.
Per annum, on a reducing balance
5% – 20%
- months
3 yr — how long you want to pay it over
12 mo – 84 mo
Kaifeng
Vehicle finance · Loan estimate
- Principal
- NPR 20,00,000
- Interest rate
- 12% p.a.
- Tenure
- 36 months
Your monthly EMI
NPR 66,429
for 36 months
- Total interest
- NPR 3,91,430
- Total payable
- NPR 23,91,430
Estimate only · final terms at approval
Where each
instalment goes
Of the first instalment, NPR 20,000 is interest and NPR 46,429 comes off the vehicle. By the last one it is the other way round — which is what the shortening red end of each year below is.
| Year | InterestCapital | Interest | Capital | Still owed |
|---|---|---|---|---|
| Year 1 | 2,08,312 | 5,88,831 | 14,11,169 | |
| Year 2 | 1,33,634 | 6,63,510 | 7,47,659 | |
| Year 3 | 49,484 | 7,47,659 | 0 |
Figures in NPR · a part year is shown as the months it actually runs
Estimate only — figured as a reducing-balance loan on monthly rests, from the amount, rate and term set above. Down payment, processing fees, insurance, registration and any lender-side rounding are not counted. Finance is arranged through MV Dugar Group, and the rate you are offered and the instalment you sign for come from them.