Editorial Policy
Last updated: June 15, 2026
PrepayMyLoan.com is dedicated to providing Indian retail borrowers and individual investors with highly accurate, objective, and transparent financial calculators, planning models, and educational articles. Our mission is to make complex financial calculations simple, private, and actionable.
1. Objectivity and Editorial Independence
We maintain strict editorial independence. PrepayMyLoan.com does not sell financial products, act as a loan agent, or receive commissions from commercial banks, lenders, or mutual fund houses. Our calculations and guides are created without commercial bias. Our primary allegiance is to the borrower, providing neutral mathematics that expose interest costs and highlight strategies to become debt-free early.
2. Mathematical Accuracy and Verification
All financial calculators on PrepayMyLoan.com are built using standard, public financial formulas approved by regulatory institutions like the Reserve Bank of India (RBI) and the Association of Mutual Funds in India (AMFI). Our editorial review process for calculations is as follows:
- Formula Integrity: Every code implementation of an amortization or compounding model is cross-checked against independent spreadsheet software models and verified bank repayment books.
- Reducing-Balance Standards: All mortgage-related calculators strictly follow daily or monthly reducing-balance compounding cycles, which is the institutional standard in commercial banking.
- No Estimated Rounded Math: We present precise calculations down to decimal interest structures to give users an exact representation of their financial obligations.
3. Information Sourcing Guidelines
Our editorial and research team sources data exclusively from primary, authoritative institutions:
- Official RBI notifications, policy rates, and circulars.
- Interest rate schedules and product sheets published directly by commercial banks (SBI, HDFC, ICICI, etc.).
- AMFI disclosures and guidelines for mutual fund returns.
- Official announcements from the Ministry of Finance (for PPF, Senior Citizens Savings Schemes, and interest rates).
- The Income Tax Department of India (for Section 80C, Section 24(b), and deduction limits).
4. Regular Audits and Updates
Financial products and rates in India shift frequently due to RBI repo rate updates, bank-specific Marginal Cost of Funds Based Lending Rate (MCLR) revisions, and union budgets. We audit our entire catalog of guides and interest rates monthly to ensure our pages reflect current terms. If an interest rate range or policy rule changes, we update our calculator defaults and article text within 48 hours.
5. Transparency and Correction Policy
Accuracy is our highest priority. If we discover a textual typo, formatting bug, or formula error in any calculator, we correct it immediately and transparently. Our correction workflow operates as follows:
- Reader Reporting: If you notice a mathematical discrepancy or outdated bank rate, please report it via our Contact Us page.
- Analyst Review: Our lead analyst, Abhishek Kumar, personally reviews every reported error within 24 hours. The calculation engine is cross-tested against two independent banking amortization models to isolate the discrepancy.
- Immediate Patching: If an error is verified, a patch is pushed to the live calculators immediately. A dated changelog note is added to the relevant calculator page to inform users of the mathematical correction.