The mission to make India debt free, one calculator at a time.
If you are reading this, chances are you have a loan running and you are trying to figure out how to close it faster. We were exactly where you are a few years ago.
When people take their first major loan, they simply trust the numbers the bank agent tells them. They pay their EMIs on time every single month. But years later, when they check the loan statement, they are shocked. Almost 80 percent of the money paid every month goes purely towards the bank interest. The actual loan amount barely drops.
That is when we realized something crucial. Banks are businesses. Their goal is to keep you in debt for as long as possible because that is how they make their profits. They make it intentionally difficult to understand the math behind part payments, foreclosures, and flat interest rates.
We spent days building complex Excel sheets just to understand how a small extra deposit of 5000 rupees could reduce a loan tenure. The results were mind blowing. We realized that if ordinary people had access to simple, transparent calculators, they could save lakhs of rupees and years of mental stress.
That is why ByajMukti.in exists today. We wanted to create a platform that exposes the hidden costs. When a bank says a 7 percent flat rate, our calculators show you that it is actually a 12.5 percent reducing rate trap. When you want to convert a credit card bill to an EMI, our tool shows you the hidden 18 percent GST on the processing fee that the banking apps hide from you.
Our ultimate goal is simple. We want to help you get out of debt as fast as mathematically possible so you can start building real wealth for yourself and your family.