New Delhi, April 27 -- I acted on behalf of a Bengaluru couple earning a combined monthly income of Rs.2 lakh. I told ChatGPT that our home loan EMI was Rs.58,744 on a principal of Rs.70 lakh. The loan tenure is 25 years, with an interest rate of around 9%.

We also pay Rs.15,000 monthly towards a car loan EMI. Household expenses total Rs.50,000, covering groceries, utilities and house help.

Kids' fees and expenses add another Rs.20,000 every month. A Rs.20,000 SIP and Rs.10,000 health insurance complete our monthly commitments. The total monthly outgo comes to Rs.1,73,744, leaving a surplus of Rs.26,256.

I asked ChatGPT how to close the home loan 10 years early. Here's what the AI assistant said.

ChatGPT says the plan requires exactly...