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Loan Amortisation Calculator
Follow how each estimated loan payment moves from interest-heavy payments toward principal repayment.
Calculator
Calculate amortisation schedule
Enter loan amount, interest rate, and tenure to estimate EMI and monthly payoff details.
Monthly amortisation schedule
Track opening balance, principal, interest, and closing balance for each month.
| Month | Opening balance | Payment | Principal | Interest | Closing balance |
|---|---|---|---|---|---|
| Your amortisation schedule will appear here. | |||||
What is this calculator?
This loan amortisation calculator estimates how each EMI may be split between interest and principal across the loan tenure.
Formula used
EMI is calculated using P x r x (1 + r)n / ((1 + r)n - 1). Each month, interest is applied to the opening balance and the remaining EMI reduces principal.
Example calculation
For a Rs. 25,00,000 loan at 8.5% for 20 years, the calculator estimates EMI and a month-wise principal-interest schedule.
How to use it
- Enter loan amount.
- Add annual interest rate.
- Select loan tenure.
- Review EMI, total interest, and month-wise schedule.
Benefits
- Understand how loan balance reduces over time.
- See the interest-heavy early repayment period.
- Use the schedule for planning discussions.
FAQs
Does this include floating rate changes?
No. It assumes the rate entered remains unchanged.
Why is interest higher early in the schedule?
Interest is calculated on outstanding balance, which is highest at the start.
Disclaimer
This is an educational estimate. Actual lender schedules may vary due to fees, rounding, rate resets, and product rules.