Question 1

How is home-loan EMI calculated?

Accepted Answer

The same EMI calculator: daily reducing, monthly / 12, or flat rate. You can add processing fee, GST, and stamp duty.

Question 2

Can I model a home-loan balance transfer?

Accepted Answer

Yes. Open Switch after some EMIs, set the new rate and remaining tenure, and add foreclosure charges if the current lender levies them.

Question 3

Is this a bank sanction letter?

Accepted Answer

No. Eligibility, floating-rate resets, and insurance add-ons are not modelled. Confirm with your lender.