Loan Tenure Calculator
Find the optimal loan duration based on your budget and financial goals
Loan Details
Enter your loan information
₹25.00L
₹25,000
9.5%
15 years
Optimal Tenure
20 years
Based on ₹25,000 monthly budget
EMI:₹23,303
Total Interest:₹30.93L
Calculated Tenure
16.6 years
199 months total
Feasible
Target Tenure EMI
₹26,106
For 15 year tenure
Over Budget
Interest Burden
₹21.99L
For 15 year tenure
88.0% of principal
The EMI for 15 years (₹26,106) exceeds your budget by ₹1,106. Consider extending the tenure to 20 years for an affordable EMI of ₹23,303.
Tenure Options Comparison
Compare different loan tenure options side by side
| Tenure | Monthly EMI | Total Interest | Total Payment | Interest % | Affordable? |
|---|---|---|---|---|---|
| 5 years | ₹52,505 | ₹6.50L | ₹31.50L | 26.0% | |
| 10 years | ₹32,349 | ₹13.82L | ₹38.82L | 55.3% | |
| 15 years | ₹26,106 | ₹21.99L | ₹46.99L | 88.0% | |
| 20 yearsOptimal | ₹23,303 | ₹30.93L | ₹55.93L | 123.7% | |
| 25 years | ₹21,842 | ₹40.53L | ₹65.53L | 162.1% | |
| 30 years | ₹21,021 | ₹50.68L | ₹75.68L | 202.7% |
Short Tenure (5-10 years)
Advantages
- Lower total interest payment
- Debt-free faster
- Less financial burden overall
- Better for high-income earners
Disadvantages
- Higher monthly EMI
- Reduced monthly cash flow
- May strain current budget
- Less flexibility for emergencies
Long Tenure (20-30 years)
Advantages
- Lower monthly EMI
- Better cash flow management
- More affordable for first-time buyers
- Flexibility for other investments
Disadvantages
- Much higher total interest
- Debt for longer period
- More vulnerable to rate changes
- Delayed financial freedom
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