A home loan is the biggest number in most people's lives, kept deliberately blurry.
You pay an EMI every month for twenty years. Yet ask your bank the one question that matters — how much do I actually owe right now, and when will this end? — and the answer is buried in a statement nobody reads, recomputed silently every time a rate changes. Amortimize exists to give you that answer plainly, and to keep it honest.
When you make a prepayment, most banks quietly reduce your EMI and leave the tenure untouched — the option that saves you the least. When your floating rate resets, your balance path silently changes. Across a two-decade loan, dozens of these events pile up, and no statement ever shows you the cumulative effect: the true outstanding balance, the interest you've actually paid, and how many years you've already shaved off.
The information asymmetry is the point. A borrower who can't see the finish line moving doesn't prepay aggressively. The bank keeps the interest.
Amortimize does one thing well: it reconstructs your loan month by month from the terms it started with and the changes you log. Every prepayment, EMI step-up, rate reset and top-up becomes a line in your ledger. From that record it computes the balance your bank is really holding today, the lifetime interest on your current path, and what you've saved versus the plan you started with.
Then, for any move you're weighing, it shows both outcomes side by side — keep the EMI and cut the tenure, or cut the EMI and keep the tenure — so the more powerful choice is never hidden from you.
Indian home-loan borrowers who want to close early and want to see the numbers before they act. If you've ever wondered whether that ₹2 lakh prepayment was worth it, or which of two rate offers actually wins, this is for you.
Amortimize is an educational tool, not financial advice, and it is not a lender. It never asks for a bank login, an account number, or your lender's name — only the loan terms and the changes you choose to record. Every figure it shows is an estimate computed from what you enter; day-count conventions, rounding and fees mean your bank's numbers may differ, so verify before you act.
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