About Richa Shrimali
Richa Shrimali is the founder and technical architect behind mytotalemi. Holding a Master of Science (M.Sc.) degree in Physics, Richa brings a rigorous quantitative, mathematical modeling, and computational analysis foundation to personal finance data.
During her academic research in applied physics and mathematical systems, Richa developed a passion for analyzing complex numeric datasets and dynamical systems. Observing how everyday Indian borrowers frequently struggle with confusing bank jargon—such as flat versus reducing interest rates, compounding frequencies, and amortization schedules—she built mytotalemi to make financial mathematics completely transparent, interactive, and universally accessible.
Her primary work at mytotalemi focuses on developing reducing-balance calculation engines, auditing bank formula compliance against Reserve Bank of India (RBI) circulars, and authoring educational repayment strategies that help borrowers save substantial sums in lifetime interest.
Mathematical Modeling & Calculation Methodology
Under Richa's editorial and technical direction, every calculator on mytotalemi adheres strictly to standard reducing-balance amortized interest formulas:
Where P represents the principal loan amount, r represents the periodic monthly interest rate (Annual Rate / 12 / 100), and n represents the total tenure in months.
Unlike opaque tools that harvest user data, all calculation simulations designed by Richa execute entirely client-side in the user's browser, guaranteeing 100% data privacy and instantaneous mathematical feedback.
⚖️ Important Editorial & Regulatory Disclaimer
Richa Shrimali is a STEM researcher, quantitative tool architect, and educational publisher. She is not a SEBI-registered investment advisor, chartered accountant (CA), or banking credit officer. All content, tools, and calculators published by Richa on mytotalemi are strictly designed for mathematical illustration, educational planning, and consumer clarity. Before entering into any binding loan contract or financial commitment, borrowers must verify exact loan quotes with their lending institution or consult a certified financial planner (CFP).
Financial Calculators Engineered by Richa
🏠 Home Loan Calculator
Multi-decade housing loan schedules with prepayment and tax relief simulations.
👤 Personal Loan Calculator
Reducing vs flat rate comparative models and credit score requirement guidelines.
🚗 Car Loan Calculator
On-road financing, down payment optimization, and 7-year amortization breakdowns.
🎓 Education Loan Calculator
Moratorium period simple interest models and Section 80E tax deduction planning.