FAQs

Why does a calculator result differ from my bank or provider?

A result can differ because your provider may use a different payment date, day-count convention, compounding frequency, rounding method, fee structure, tax treatment.

A result can differ because your provider may use a different payment date, day-count convention, compounding frequency, rounding method, fee structure, tax treatment, or introductory rate. The EMI calculator, for example, estimates payments from the values entered but cannot reproduce undisclosed charges. Compare the same principal, rate, tenure, and fees, then ask the provider for its calculation schedule.

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