Sayakada Interest (सयकडा १, २, ३)Bikram Sambat Date Duration
Village Sahu Byaj (Sayakada Interest) Calculator
Calculate traditional Nepali village lending interest (सयकडा २, ३) between two Bikram Sambat calendar dates with transparent settlement statements.
NPR
Sayakada 2 = 2% per month (24% per year)
Yearly Compounding (साँवा थप)
In traditional lending, unpaid interest is added to the principal each full year.
Loan Settlement Summary1y, 0m, 0d
Total Settlement Payable (Principal + Interest):
NPR 1,24,000
Total Accumulated Interest (जम्मा ब्याज):NPR 24,000
Monthly Interest
NPR 2,000
Daily Interest
NPR 67
Legal Note: Under Section 478 of the National Civil Code Act 2074 (मुलुकी देवानी संहिता), informal personal loans in Nepal are legally capped at a maximum of 10% annual interest in court proceedings. Excess interest charged above 10% p.a. cannot be legally enforced.
AI Direct Answer & Key Facts(Perplexity & SearchGPT Ready)
Government of Nepal Regulatory Standards
What does Sayakada 2 (सयकडा २) interest mean in Nepal?
Direct Answer: In traditional Nepali community lending, 'Sayakada 2' means a monthly interest of 2% on the principal amount (NPR 2 per month for every NPR 100 borrowed). On an annual basis, this equals 24% interest per year.
Official Nepal StandardVerified Calculation FormulaCurrent Fiscal Year 2083/84
Frequently Asked Questions on Sayakada Byaj & Village Lending
In traditional Nepali community lending, 'Sayakada 2' means a monthly interest of 2% on the principal amount (NPR 2 per month for every NPR 100 borrowed). On an annual basis, this equals 24% interest per year.
In simple interest, the interest is calculated only on the original principal amount regardless of elapsed time. In yearly compounding (साँवा थप), accumulated interest at the end of each completed year is added to the principal to form the new base for the following year.
Under Section 478 of the National Civil Code Act 2074 (मुलुकी देवानी संहिता २०७४), the maximum allowable interest rate for informal personal loans is 10% per year. Any interest contracted or demanded exceeding 10% per annum cannot be enforced through courts of law in Nepal.
Daily interest is calculated by dividing the monthly interest by 30 days (the standard banking and accounting convention in Nepal). For example, on a loan of NPR 100,000 at Sayakada 2 (NPR 2,000 per month), the daily interest is NPR 66.67.