Loan Amortization Calculator
This Amortization Calculator helps you calculate your monthly EMI and view a detailed amortization schedule showing how each payment splits into principal and interest.
Monthly EMI
0
Total Principal
0
Total Interest
0
Total Payment
0
Payment Breakup
Principal
Interest
Loan Amortization Schedule
| Year | Principal | Interest | Total | Balance | Loan Paid |
|---|
What Is Loan Amortization?
Loan amortization is the process of repaying a loan through regular fixed payments over time. Each payment includes both interest and principal repayment.
How Amortization Works
In the early years, a larger portion of each EMI goes toward interest. Over time, the interest portion decreases while the principal portion increases.
Amortization Formula
EMI = P × R × (1 + R)N / ((1 + R)N − 1)
- P = Loan Amount
- R = Monthly Interest Rate
- N = Tenure in Months
Why Use an Amortization Calculator?
- Understand payment breakdown
- Track remaining loan balance
- Plan prepayments better
- Compare different loan scenarios
Frequently Asked Questions
It is a table showing each loan payment with principal, interest,
and remaining balance over time.
No. EMI remains constant unless interest rate or tenure changes.
Yes. Prepayments reduce principal and total interest paid.