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Loan Tenure Calculator


Loan Tenure Calculator












Loan AmountEMIInterest RateLoan Tenure (Years)APRTotal Interest PayableTotal Payment



What Is Loan Tenure?

Loan tenure, also known as the loan duration, refers to the time period over which you repay a loan. Whether it’s a home loan, car loan, or personal loan, understanding the tenure is crucial. It directly impacts your monthly budget, total interest paid, and overall financial planning.

Key Terms Explained:

1. Loan APR (Annual Percentage Rate):

2. Total Interest Payable:

3. Total Payment (Principal + Interest + Fees & Charges):

How to Use the Loan Tenure Calculator:

  1. Enter Loan Amount:
    • Input the amount you plan to borrow (e.g., for a home loan).
  2. Interest Rate (%):
    • Specify the annual interest rate offered by the lender.
  3. Fees & Charges (if any):
    • Include any processing fees, prepayment charges, etc.
  4. Choose EMI Scheme:
    • Decide whether you want EMI in advance or arrears.
  5. Click Calculate:
    • The calculator will display essential details, including EMI, Loan APR, total interest payable, and total payment.

Why Reduce Tenure?

Example Scenario:

Suppose you’re taking a home loan of ₹10,00,000 at an interest rate of 11.19% for 20 years (240 months). Here’s a breakdown:

Calculating Loan Tenure from EMI:

Explore Different Scenarios:

Feel free to reach out if you have any further questions!