1. Inputs you provide
Loan amount, current interest rate, tenure, EMIs paid so far, and your current EMI. These inputs stay on your device during calculation.
Methodology
How we calculate overpayment
OverPaidEMI compares your actual loan pricing against market benchmark rates for each corresponding period since your loan started. The goal is to surface possible interest exposure — not to guarantee savings or lender outcomes.
2. Benchmark rate reference
We use RBI-published repo rate history and internally maintained market-lowest benchmark records by period to estimate what competitive floating rates looked like when your loan was active.
3. Past overpayment estimate
For months already paid, we estimate the interest difference between your effective rate path and the benchmark path over the same period.
4. Future exposure estimate
For remaining tenure, we project potential extra interest if your current pricing continues versus a benchmark-aligned path.
5. What this is not
This is an educational estimate, not financial advice, not a bank quote, and not a guarantee of rate reduction or savings.
Official references
Repo rate and policy context should be cross-checked against RBI publications.
Reserve Bank of India (rbi.org.in) →