Home loan remaining tenure calculator
Your lender told you a tenure when you signed. Since then, every rate change at a reset has either lengthened or shortened it if your EMI stayed the same. Enter the three numbers from your latest statement and this calculator tells you how long the loan will actually take at that rate and EMI.
How long will your loan last?
| If the rate becomes | Remaining tenure | Loan ends |
|---|
Constant-rate estimate from today. Take the balance, rate and EMI from your latest statement; if your lender's remaining tenure differs, theirs is the contractual figure. The table shows how it moves if the rate changes at the next reset.
If the number surprises you
- It is longer than your agreement says: a rate rise since you started has added months while your EMI stayed the same. See why your tenure increased.
- It is shorter: rates have fallen, or you part-paid.
- Ask your lender for the remaining tenure it holds on record, and compare.
To see which reset added which months, run your loan free.
Questions
How do I calculate the remaining tenure of my home loan?
From your outstanding balance, current interest rate and EMI: months = ln(EMI / (EMI − balance × monthly rate)) / ln(1 + monthly rate). The calculator above does it for you.
Why is my remaining tenure longer than the original?
If the rate has risen since the loan started and your EMI stayed the same, the loan runs longer. Each reset can add months.
Is this the tenure my lender shows?
It should be close if you enter the rate, balance and EMI from your latest statement. Your lender's figure is the contractual one.