Amortization Calculator
Calculate your monthly EMI, total interest and total repayment, then view a detailed month-by-month amortization schedule showing how each payment is split between interest and principal.
Loan Details
Enter the loan amount, rate and tenure.
Loan Summary
Your estimated repayment overview.
Amortization Schedule
Each payment is divided into interest and principal.
| Month | Opening Balance | EMI | Interest | Principal | Closing Balance |
|---|---|---|---|---|---|
| Enter your loan details to generate the schedule. | |||||
How this Amortization Calculator works
An amortization schedule shows how a fixed monthly loan payment is allocated between interest and principal over the repayment period.
Principal paid for the month is the EMI minus that month's interest. The principal payment reduces the outstanding balance, so the interest portion generally becomes smaller as the loan progresses.
The schedule assumes a standard reducing-balance loan with a fixed interest rate and regular monthly payments. Actual lender schedules can differ because of fees, insurance, rate changes, rounding or other loan terms.
How to use this calculator
What to enter
Enter or select the following as requested: Currency Display only; Loan Amount; Annual Interest Rate; Loan Tenure. Follow the units, valid ranges, examples, and options displayed beside each field.
What the result means
Payment, interest, and repayment totals are estimates based on the values and assumptions entered. Actual lender terms, fees, rate changes, and payment dates may change the figures.
When to use it
Use this to compare borrowing or repayment scenarios. Treat the output as an estimate, not a lender quote.