About Us

About ConvertMyLoan

ConvertMyLoan was born from a personal financial mistake. In 2022, our founder took a home loan without fully understanding how the amortization schedule worked. Six months into the loan, he realized that over 65% of his EMI was going toward interest and barely touching the principal. He wished he had run the numbers more carefully before signing the agreement — and realized that most people making the biggest financial decision of their lives do not have access to tools that show the complete picture.

The first tool built was the Amortization Schedule generator — because that is what he wished he had seen before taking the loan. The next was the Loan Comparison Tool, because he later discovered that another bank had offered a rate 0.3% lower, which would have saved him over ₹4 lakhs over 20 years. The Prepayment Calculator came third, because he wanted to know exactly how much he would save by putting his annual bonus toward the loan principal.

Why Loan Calculators Need to Be Better

Most loan calculators on the internet show you one number: the monthly EMI. That is like telling someone the monthly rent without mentioning the lease term or the deposit. A loan is a 10-to-30-year commitment, and the EMI is just one piece of the puzzle. ConvertMyLoan shows the full picture — total interest paid over the loan’s lifetime, the principal-to-interest ratio at each stage, the impact of prepayments at different points, and a honest comparison of offers that accounts for processing fees and hidden charges.

We believe that if every home buyer ran their numbers through a proper amortization schedule before signing the loan agreement, the average Indian borrower would save lakhs over their loan tenure. Our tools exist to make that calculation accessible, instant, and free.

Our Principles

Show the uncomfortable numbers: We do not simplify results to make them look better. If your 20-year home loan means you will pay more in interest than the original loan amount, our tools will show you that clearly — because knowing it is the first step to planning around it.

No affiliation with lenders: ConvertMyLoan is not affiliated with any bank, NBFC, or lending institution. We do not earn referral commissions for loan applications. Our tools are built to serve borrowers, not lenders. The loan comparison tool shows the cheapest option based purely on math, not on who pays us more.

Complete privacy: Your loan amounts, income details, and financial plans are processed entirely in your browser and never stored or transmitted to any server.

The Team

We are a team of two — a developer who has personal experience with loan planning mistakes and a chartered accountant who verifies every formula and edge case. Based in India, we understand the specific loan products, interest rate structures, and regulatory frameworks that Indian borrowers deal with.

Questions, feedback, or suggestions? Reach us through our Contact page.