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How your loans are calculated

Interest runs at ~16%/yr on each loan's outstanding balance. Every payment clears penal → overdue → interest first, then principal. Accrued interest is payable — clearing it is normal. Tap any loan below to see every receipt and where each rupee went.

Portfolio

Where you stand

Every penny paid

Interest vs principal

Principal (kills the loan) Interest & penalty (loan cost) Deposits & fund (recoverable)
Payoff calculator

How long to clear the balance

Loan accounts

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How the society calculates it

  • Rate ≈ 16%/year (~1.33%/month) on the outstanding balance (reducing).
  • Order of application: penal → overdue interest → current interest → then principal (RL). If interest backlog exceeds your payment, ₹0 reaches principal.
  • OverDue = installments past due. Penal (Pint) = extra charge on that — pure waste.
  • RL cross-check: a receipt's balance should equal original − principal paid. Each loan flags ✓/✗.
  • SM / CD / OD = your money held as security (share money, compulsory & optional deposits) — recoverable.
Private tracker — saved in this browser only. Interest math is an estimate (~16%/yr); the society's own statement is the legal record. Not financial advice.
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