Loan Term Calculator
How long will it take?
Your figures stay on your computer — no server, no tracking, no registrationTry: Loan amount=20000, APR=6, Monthly payment=450 → $20,000, 6%, $450, 51, 4.2
How to use
Given the amount, rate and the payment you want to make, this returns the number of months (and years) to clear the loan.
Formula
n = −ln(1 − r·P/PMT) / ln(1+r) months.
FAQ
Payment too low?
If it does not cover the interest, the loan never clears — raise the payment.
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