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The equated monthly instalment uses the standard reducing-balance formula: EMI = P·r·(1+r)^n / ((1+r)^n − 1), where P is principal, r is the monthly rate (annual rate ÷ 12 ÷ 100), and n is the tenure in months. Early instalments are mostly interest; principal repayment grows as the balance falls.
Processing fees, GST on those fees, insurance bundled into the loan, and floating-rate resets are not modelled. On a floating loan the bank usually holds the EMI steady and changes the tenure when the rate moves, so your real schedule can drift from a fixed-rate estimate.
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