Financial disclaimer

Every figure shown on this site — EMI, total interest, closure date, interest saved, amortisation rows and charts — is the output of a standard reducing-balance calculation applied to the values you type in. Nothing is fetched from a lender and nothing is a quote.

Rounding, day-count conventions, partial first months, holidays and lender-specific practices mean a real schedule can differ from the one shown here, sometimes by more than a rounding difference.

• Processing, documentation, legal, valuation, stamping and administrative fees, and GST on them, unless a page has a field where you enter them yourself.
• Prepayment, part-payment, foreclosure, switch or conversion charges, and GST on those charges.
• Insurance premiums, whether bundled with the loan or funded separately, and any interest charged on a funded premium.
• Property taxes, maintenance, registration costs and other transaction costs that are not part of the loan itself.
• Future changes to a floating interest rate. Unless a page states otherwise, the rate you enter is assumed to stay constant for the whole tenure.
• Pre-EMI interest on part-disbursed loans, moratorium or grace-period accruals, penal charges, and any tax deduction you may be eligible for.

The content and calculations on ByeToEMI are provided for general information and educational purposes only. They are not financial, investment, legal, accounting or tax advice, they are not personalised to your circumstances, and they do not constitute a recommendation to take, refinance, prepay or close any particular loan.

Decisions about borrowing depend on your income stability, obligations, emergency savings, risk tolerance and tax position. Consider consulting a suitably qualified professional before acting on anything you read here.

Your lender's own figures are the only figures that bind either of you. Before you commit, ask for the Key Fact Statement, the sanction letter, the annual percentage rate, the total amount payable and the full amortisation schedule, and check the prepayment and foreclosure terms in writing.

ByeToEMI does not offer, arrange, broker or process loans, does not forward your details to any lender, and has no visibility of any lender's underwriting. Nothing here guarantees that you will be approved for a loan, offered any particular interest rate or tenure, or able to achieve the savings a scenario shows. Whether a plan works depends on your lender's rules and on your ability to sustain the payments.

ByeToEMI is operated independently by Janardhanan. It is not affiliated with, endorsed by or sponsored by any bank, non-banking financial company or other lender, and no lender pays for placement, ranking or favourable treatment on this site. Interest-rate ranges mentioned in guides are illustrative market ranges, not offers.

If a calculation looks wrong, write to janardhanan97@gmail.com with the inputs you used, so the scenario can be reproduced and corrected if needed.