See how every payment splits between interest and principal in a full amortization schedule.
For a ₹10,00,000 loan at 9% over 5 years the EMI is ₹20,758.36. In month 1 about ₹7,500 of it is interest; by the last month almost all of it is principal.
An amortization schedule lists every payment on a loan and shows how much goes to interest and how much reduces the balance. This calculator builds the schedule from the amount, rate and term — a yearly summary plus the first 12 monthly payments — and adds optional extra payments.
Understanding amortization explains why paying extra early saves so much: interest is calculated on the remaining balance, which falls slowly at first. See the Mortgage Amortization Calculator for home loans.
The calculator applies the standard financial formulas step by step.
| Item | Amount |
|---|---|
| Loan amount | ₹10,00,000.00 |
| Monthly payment (principal + interest) | ₹20,758.36 |
| Total interest | ₹2,45,501.31 |
| Total of all payments | ₹12,45,501.31 |
| Time to pay off | 5 years |
| Term | 8% p.a. | 9% p.a. | 10% p.a. |
|---|---|---|---|
| 3 years | ₹31,336.37 | ₹31,799.73 | ₹32,267.19 |
| 5 years | ₹20,276.39 | ₹20,758.36 | ₹21,247.04 |
| 7 years | ₹15,586.21 | ₹16,089.08 | ₹16,601.18 |
| 10 years | ₹12,132.76 | ₹12,667.58 | ₹13,215.07 |
The gradual repayment of a loan through scheduled payments that cover interest and principal.
Interest is charged on the outstanding balance, which is highest at the start, so early payments are mostly interest.
For each period: the payment, the interest, the principal repaid and the remaining balance.
Yes — they reduce the balance faster so the loan ends sooner and total interest falls.
Fixed-rate loans follow the schedule above; floating-rate loans change whenever the rate resets.
Each row totals the interest and principal for that year and shows the balance at year end.
It uses the standard formula: EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1) The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
