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Loan Tenure Calculator

Work out loan tenure instantly with clear inputs, formula shown and shareable results.

About Loan Tenure Calculator

Given a loan, a rate and the instalment you can afford, the tenure follows from inverting the annuity formula. The EMI must exceed one month's interest on the opening balance, otherwise the debt never reduces.

Formula

Tenure

n = -ln(1 - P·r/EMI) / ln(1 + r)

P
Loan amount
r
Monthly rate

Worked example

With the default values below, Loan Tenure Calculator returns Months To Clear The Loan of 118.2. Change any input above and every figure here is recalculated in your browser.

Inputs used

Loan Amountminimum 0
1,500,000
Annual Interest Rateaccepts 0–100 %
10 %
EMI You Can Payminimum 0
20,000

Results

Months To Clear The Loan
118.2
Tenure
9.85 years
Total Interest Payable
$863,784.93
Feasibility
Affordable — the EMI clears interest and principal

Step by step

  1. 1Values used
  2. 2Tenure
  3. 3Months To Clear The Loan= 118.2
  4. 4Tenure= 9.85 years
  5. 5Total Interest Payable= 863,784.93
  6. 6Feasibility= Affordable — the EMI clears interest and principal

Assumptions and limits

  • The result is derived only from the 3 inputs listed above. Anything not among them is not part of the calculation.
  • In particular, this calculator does not take inflation, tax or fees or charges into account.
  • Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
  • Figures are estimates. Lenders apply their own rounding, fees and eligibility rules, and rates change. This is not financial advice — confirm the numbers with your lender.
  • This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Figures are estimates. Lenders apply their own rounding, fees and eligibility rules, and rates change. This is not financial advice — confirm the numbers with your lender.

Frequently Asked Questions

Why must the EMI exceed P × r?

That product is the first month's interest. Paying less than it leaves the balance growing every month.

How much does a small EMI increase help?

Near the affordability threshold a modest increase can cut years off the tenure, because almost all of it attacks principal.

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