MoneyLens / Home loans
Your loan, explained.
Home loan · Floating rate · Godavari Home Finance Ltd · ••••6620
Illustrative
Your loan today
AccountNo statementContractSanction + 1 rate notice
Outstanding principal
₹46,46,691
Foreclosure quote · 15 Oct 2026
Current interest rate
8.50%
RBI repo rate 5.25% + 3.25% spread
Remaining loan period
17.7 years
212 EMIs · ends Jun 2044
Interest structure
Floating
RBI repo rate-linked · resets every 3 months
Balance from the foreclosure quote dated 15 Oct 2026; rate from the Dec 2025 rate notice.
Myra's most important observations
What Myra found for you
From your documents · each figure opens its findingYou may be owed
Up to ₹1,09,662
If the lender agrees; each is separate
You could save
Your choice: options, not added together
Six questions, answered
Tap an answer for the detail01Product identity
- ProductHome loan · purchase · ready-to-move
- ProviderGodavari Home Finance Ltd · housing finance company
- BorrowersAnanya Rao, Vikram Rao (joint)
- Document date15 Oct 2026
- Reference••••6620
- DocumentsKFS · Sanction · Welcome letter · Rate letter · Quote
02What this product is
A ₹48.00 L home loan repaid in 240 monthly EMIs of ₹42,418. The interest rate is 8.75% and floating, so your EMI or tenure can change when the benchmark moves. You've paid 18 of 230 EMIs and asked the lender to close it early. The rate changed from 8.75% to 8.50% from 1 Dec 2025; the EMI is now ₹42,418 with 223 EMIs left from the change.
03Key financial numbers
Closing or disputingAmount to close
₹47,84,487
By 31 Oct 2026
Principal
₹46,46,691
After EMI 18
Interest to close
₹28,135
To 31 Oct
Charges in quote
₹1,09,662
All disclosed
Interest avoided
₹43,14,754
vs. paying 212 more EMIs
04Important findings
The three most important · tap to expandPrincipal ₹46,46,691 + interest ₹28,135 + Foreclosure charge (2% + GST) ₹1,09,662. The lines add up to the total.
Quote p.1
10Next relevant milestone
31 Oct 2026
Foreclosure quote expires
08What Myra could not verify
1!
Insurance policy certificate
Needed to confirm a finding
09Suggested questions
05What you're committing to
- 212 more EMIs of ₹42,418 at 8.50% on the 5th of each month
- Keep enough balance in your account before each due date
- Tell the lender about changes in address, employment or income
06What can change
- Interest rateFloating: 8.75% → 8.50% from 1 Dec 2025
- ChargesOnly those disclosed in the KFS, unless you agree to new ones
- InsurancePremium paid upfront; any refund on closure depends on the policy
- OutstandingFalls with each EMI you pay
07Exit and closure
- Look-up periodExpired · was 3 days after disbursement
- ForeclosureNo charge
- Closure documentsNo-dues certificate and NOC after full payment