Outstanding principal
EMI you can pay each month
Loan interest rate
Loan Tenure (Months)
0
Loan Tenure (Years)
0
Total Interest Paid
₹0
When is a Tenure Calculator Useful?
- When you have a fixed budget (EMI cap) and want to plan your loan accordingly
- When making prepayments and want to see the new payoff date
- When comparing whether a higher EMI can dramatically cut years off your loan
Minimum EMI Requirement
Your EMI must be greater than the first month's interest (Loan Amount × Monthly Rate). If your EMI is less than this value, the outstanding balance grows every month and the loan will never be paid off.