## Calculate the term of your loan

Borrowing money is sometimes necessary. Then you have to pay back. How long does that take? What is the term of a loan until it has been repaid? Calculate here how long your loan will (still) run. What kind of loan? Revolving credit Personal loan Which amount? This field is required. Enter an integer. Dots and commas are not allowed. Enter a number between 2500 and 75000. Which monthly amount? $ 150 225 300 per month Which interest? % This field is required. Enter a percentage. Points are not allowed. Enter a percentage between 2.0% and 16.0%. Calculate the term

### Term of your loan in months

On this page we calculate the term of a loan for you. This can also be the remaining term of an existing loan. We also state the total costs for the calculated loan. The results are an approximation. A lender’s numbers may vary slightly from this – this is due to rounding differences.

### Flexible term of a revolving credit

With a revolving credit (DK), the actual term will probably be different from what we calculate here. The loan interest on a revolving credit is variable and can therefore be changed at any time. You can also withdraw repaid amounts with this loan form or repay a lot at once. This all has consequences for the end date on which the loan is fully repaid.

#### Monthly amount is fixed, duration not

After all, the monthly amount for a revolving credit is fixed: this is not adjusted by interest rate changes, withdrawals or repayments. You pay the agreed percentage of the credit limit per month. From that monthly amount, the interest to be paid (depending on interest rate and outstanding debt) is first deducted – with what remains afterwards, the debt is reduced. Higher interest rates and interim withdrawals therefore ensure a longer term, while lower interest rates and additional repayments shorten the term.

### Fixed term of a personal loan

With a personal loan (PL), the data is more fixed. If you pay the loan costs as agreed, the calculation of the term is correct. Only if you make extra repayments will the loan be paid off earlier than we calculate here.

#### Extra repayments without costs?

If you expect that you can make extra repayments during the term of your personal loan, check before you take out one whether that is possible without costs. That differs per lender and is more than worth checking out. With an extra repayment you can bring down the total costs of your loan, so it is annoying if extra costs are charged.