Loan Tenure Calculator
Calculate how long it will take to repay your loan based on EMI and interest rate
Loan Amount
₹
EMI
₹
Rate of Interest
%
A Loan Tenure Calculator helps you determine how long it will take to fully repay your loan based on the loan amount, interest rate, and monthly EMI. Whether you're planning a home loan, personal loan, vehicle loan, or education loan, this tool helps you find the repayment duration that fits your budget. It also helps compare different EMI options and understand how interest affects your total repayment period.
Formula for Loan Tenure Calculation
Loan tenure is derived using the EMI formula, rearranged to solve for time (in months).
Formula
General EMI Formula (Reference): EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n – 1]
Formula to Calculate Loan Tenure (n)
n = log( EMI ÷ (EMI – P × r) ) ÷ log(1 + r)
The calculator uses the loan tenure formula to determine how many months it will take to repay your loan. It considers the loan amount, your monthly EMI payment, and the interest rate to calculate the exact repayment period.
- n = tenure in monthsn = tenure in months
- P = principal amount
- r = monthly interest rate
- EMI = fixed monthly installment
After calculating n, convert to years: Loan Tenure (Years) = n ÷ 12
Frequently Asked Questions
What is loan tenure?
Does a higher EMI reduce the tenure?
Can I prepay to shorten my tenure?
Which loans allow flexible tenure?
Is a shorter tenure always better?
What factors affect loan tenure?
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© 2025 Beegru Pte Ltd. All Rights Reserved.