Loan Tenure Calculator

Find out how many months it will take to repay a loan with a fixed EMI you can afford.

What is the Loan Tenure Calculator?

If you know the EMI you can comfortably pay, this calculator works backwards to the tenure needed to clear the loan.

How does it work?

It solves the EMI formula for n. The EMI must be higher than the first month’s interest, otherwise the balance never reduces.

Formula

n = −ln(1 − P × r ÷ EMI) ÷ ln(1 + r)

Example

₹25 lakh at 9% with an EMI of ₹30,000 takes 132 months (11 years). The last EMI is smaller than the others.

Frequently asked questions

Why does the calculator say the loan never gets repaid?

If your EMI is less than or equal to the monthly interest (P × r), the principal never goes down. Increase the EMI.

Why is the last EMI smaller?

Tenure is rounded up to whole months, so the final instalment only needs to clear the small remaining balance.

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