Loan Tenure Calculator
Finance & InvestmentWork out how long a loan takes to clear at the instalment you can afford.
Runs entirely in your browser — nothing is uploaded
Features
- Solves for the term from the amount, rate and instalment.
- Warns when an instalment cannot cover the monthly interest.
- Compares the EMI at several common tenures.
- Runs entirely in your browser — nothing you enter is uploaded.
How to use the Loan Tenure Calculator
- 1Enter the outstanding balance and the interest rate.
- 2Enter the instalment you can comfortably pay.
- 3See how long it takes, and what other tenures would cost each month.
Frequently asked questions
What if my payment does not cover the interest?
The balance grows instead of falling and the loan never clears. The calculator detects this and shows the interest-only figure — the minimum you must pay before any progress is possible at all. This is the trap behind credit card minimum payments.
How much does paying a little extra shorten a loan?
Far more than it seems. Every extra rupee goes entirely against principal, removing all the future interest that principal would have accrued. On a twenty-year home loan, paying about 10% more each month typically clears it three to four years early.
Should I choose a shorter tenure or prepay a longer one?
A longer tenure with regular prepayment gives the same outcome with more flexibility — you keep the option of paying only the smaller committed EMI in a difficult month. A shorter tenure only wins if the lender offers a lower rate for it, which some do.