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Loan Schedule

Loan Amortization Calculator

Get a year-by-year breakdown of principal vs. interest for any home, car, or personal loan. See exactly how your outstanding balance shrinks over the full tenure.

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Tip: Prepaying in early years saves far more interest than later years — each EMI is the same amount, but the principal component grows every month.

📊 Amortization Schedule

Enter loan details to generate an amortization schedule
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Disclaimer: Results are for educational and estimation purposes only and do not constitute financial or lending advice. Actual amortization terms are set by your lender and may include fees not reflected here. Consult your bank or a financial advisor before taking a loan.

How Loan Amortization Works

Every fixed-rate, fixed-tenure loan is repaid through equal periodic installments (EMIs). What changes month to month is the split between interest and principal within that fixed payment — interest is calculated on the current outstanding balance, so it's highest in year one and falls steadily as the balance shrinks.

Formula Used

EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)

Where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the total number of monthly installments. Each year, interest for every remaining month is computed on the balance at that point, and the balance is reduced by the principal portion paid.

Related Calculators

For home loans specifically, see the Home Loan Calculator or Mortgage Calculator. For a full month-by-month schedule with CSV export on a mortgage specifically, see the Mortgage Amortization Calculator. To see how extra payments shorten your tenure, try the Loan Prepayment & Refinance Calculator if available, or the plain EMI Calculator for a quick single-number estimate.

Frequently Asked Questions

An amortization schedule shows how each fixed loan payment (EMI) splits between interest and principal over the life of the loan, and how the outstanding balance shrinks year by year until it reaches zero at the end of the tenure.
Each period's interest is calculated on the current outstanding balance. Early on, the balance is high, so more of each payment goes to interest. As the balance shrinks, less interest accrues, so more of each fixed payment goes toward principal.
Yes — the amortization math is identical for any fixed-rate, fixed-tenure loan: home, car, personal, or education loans. Just enter the loan amount, annual interest rate, and tenure in years.
Prepaying principal early in the loan term saves the most interest, since it reduces the balance interest is calculated on for every remaining period. Even one extra payment a year can meaningfully shorten a long-tenure loan.
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