Why does my repayment schedule display one extra payment than the number of months in my selected tenure?
The extra payment is the 'First Payment,' due on your first repayment date due to differences between the drawdown date and the selected repayment date.
This payment covers the interest incurred between the drawdown date and the first repayment date. The remaining payments are your regular monthly repayments, continuing each month on your selected repayment date until the end of the tenure.