MoneyLens / Home loans
Your loan, explained.
Home loan · Floating rate · Kaveri Bank Ltd · ••••7731
Illustrative
Your loan today
AccountStatement 5 OctContractAgreement + 2 rate notices
Outstanding principal
₹42,16,462
Statement · 5 Oct 2026
Current interest rate
8.50%
RBI repo rate 5.50% + 3.00% spread
Remaining loan period
16.3 years
196 EMIs · ends Feb 2043
Interest structure
Floating
RBI repo rate-linked · resets every 3 months
Balance, rate and remaining tenure come from your statement dated 5 Oct 2026 and the Jul 2025 rate notice, not the original sanction letter.
Myra's most important observations
Prefilled from your documents · edit freely
Rate reset · EMI versus tenure
Prefilled from Statement · 5 Oct 2026
₹42,16,462
8.50%
+0.50 pts
16.3 years
Option A · keep tenure
Recalculated monthly EMI
₹41,133Change: +₹1,190 a month
Option B · keep EMI at ₹39,943
Revised estimated duration
17.5 years+1.2 years · interest +₹5.6 L
Rules check
✓
EMI still covers the interest
First month's interest at 9.00% is ₹31,623, below your EMI of ₹39,943.
✓
Within your tenure limit
The new end date stays within your 30-year limit (276 EMIs left under it).
✓
Your choices at a reset
Raise the EMI, extend the tenure, combine both, prepay, or switch to a fixed rate where the lender offers one (its charges must be disclosed).
Total interest over the remaining loan
Assumptions & limits. A fixed hypothetical rate after the reset; monthly reducing balance. It doesn't predict interest rates or include lender fees or exact reset dates. Your sanction letter's tenure limit is applied.