MoneyLens/Home loans/Sample home loan

MoneyLens / Home loans

Your loan, explained.

Home loan · Floating rate · Indus Habitat Housing Finance Ltd · ••••0422

Illustrative

Your loan today

AccountStatement 5 OctContractSanction + disbursals

Disbursed so far

₹25,00,000

of ₹60,00,000 sanctioned

Interest rate

8.75%

lender's RPLR-linked · floating

Pre-EMI now

₹18,229/mo

Interest only on ₹25 L

Full EMI starts

Jan 2028

₹53,023 on ₹60 L

Interest is worked out on the amount actually disbursed, per your Oct 2026 statement, not on the sanctioned limit.

Myra's most important observations

What Myra found for you

From your documents · each figure opens its finding

At risk

If it happens: scenarios, not added together

Six questions, answered

Tap an answer for the detail

01Product identity

ProductHome loan · purchase · under construction
ProviderIndus Habitat Housing Finance Ltd · housing finance company
BorrowersKaran Mehta
Document date5 Oct 2026
Reference••••0422
DocumentsSanction · KFS · Statement

02What this product is

A ₹60 L loan to buy a home under construction. The lender pays out in stages as construction progresses: ₹25 L so far. Until the last stage you pay pre-EMI, which is interest only on what has been drawn; full EMIs of ₹53,023 begin around Jan 2028.

03Key financial numbers

Partly disbursed

Sanctioned

₹60,00,000

A limit, not a debt

Disbursed

₹25,00,000

3 of 7 stages

Pre-EMI

₹18,229

a month now

Pre-EMI paid

₹2,50,833

19 months

Principal repaid

₹0

until EMIs start

04Important findings

The three most important · tap to expand

Your pre-EMI of ₹18,229 equals 8.75% a year on ₹25,00,000. The undisbursed ₹35,00,000 carries no interest.

Statement 5 Oct 2026

10Next relevant milestone

Jan 2027

Next stage · 15th slab · ₹8,00,000

08What Myra could not verify

Nothing essential is missing.

09Suggested questions

05What you're committing to

Pre-EMI each month on the drawn amount (₹18,229 now)
Full EMI of ₹53,023 for 240 months after the last disbursement
Sign demand letters only for stages actually reached
Pay your own share of each stage before the lender pays its share
The home is mortgaged to the lender once it's yours

06What can change

Interest ratelender's RPLR-linked · floating
Pre-EMIRises with each disbursement
Possession date31 Dec 2027 · builder-dependent
DisbursementsFollow the construction stages

07Exit and closure

Part-prepaymentAny time, no charge · reduces the drawn balance
ForeclosureNo charge
If the project stallsRepayment continues on the amount drawn