Check a home-loan statement against the balance after each EMI and dated prepayment. See the rate, reset month, or opening-balance overcharge shape behind the lender figure.
Why do you ask for EMI dates if the page works month by month?
Because the date tells the page which statement month a payment belongs to. A yearly statement is usually a monthly-rest document, and that is what this page checks. If two EMIs landed in one month and none in another, or a prepayment landed between them, the month it belongs to is the whole question.
Why do you need prepayments separately?
Because a prepayment changes every month after it. A statement with even one dated part prepayment is no longer the clean EMI-only year, and a page that ignores it will accuse the lender of a difference it created itself. If the statement year had one, enter it with the date or the page will say it cannot judge cleanly.
What does the single implied rate tell me?
It tells you what one steady annual rate would have to be in order to produce the interest charge you were given on the EMI and prepayment path you entered. That is useful when the lender’s statement gives one interest figure but not the reset path that led to it. It is an explanation, not proof of the bank’s actual pricing path.
What does the reset month result mean?
It means one mid-year move away from the stated rate could reproduce the charge, starting from that month. It is not the page claiming the lender definitely reset it there. It is the first month and rate pair worth checking on the reset advice, annual statement or sanction letter.
What is the opening-balance overcharge shape?
It is the classic mistake of charging each month’s interest on the balance at the start of the year, ignoring that every EMI has already reduced the principal. On a large home loan that can mean several thousand rupees of extra interest in a single year, and this page tests that exact pattern because it is the one borrowers have the hardest time spotting from a statement alone.