LOAN DURATION CALCULATOR

Loan Duration Calculator

How much time will it take to pay-off my loan? This calculator helps you answers this question for a given EMI (Equated monthly installments), interest rate and loan amount. It can help you calculate repayment period (loan duration) for different loan amounts, for different EMIs and available at different rates of interest. By changing the loan amount and / or the EMI and / or the rate of interest, you can calculate the optimum loan tenure. This calculator can be used for any type of loans including home loan, personal loan, car loan etc..

Assumptions:

• The interest rate and EMI remains fixed during the loan tenure.
• Interest rate is compounded monthly.
• Processing & other charges which may applicable as per the rules of banks and other lending institutions are not taken into account.

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