Amortization Schedule Calculator Online - Loan Repayment Table
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About Amortization Schedule Calculator
Generate a detailed month-by-month loan amortization schedule showing how your EMI is split between principal and interest. Track your loan balance over time and understand how much you're paying towards interest vs principal each month. Essential for home loan, car loan, and personal loan planning.
How to Use This Tool
Enter Loan Amount
Input the total loan amount you've borrowed or plan to borrow.
Enter Interest Rate
Input the annual interest rate offered by your bank.
Set Loan Tenure
Enter the loan repayment period in years.
View Schedule
See the complete month-by-month breakdown of principal, interest, and remaining balance.
Frequently Asked Questions
What is an amortization schedule?
An amortization schedule is a table showing each loan payment's breakdown into principal and interest, along with the remaining balance after each payment. It shows how the loan gets 'amortized' (paid off) over time.
Why does interest decrease each month?
In the early months, most of your EMI goes towards interest because the outstanding balance is high. As you pay down the principal, the balance decreases, so interest (calculated on balance) also decreases.
How does this help in tax planning?
For home loans, you can claim tax deductions on interest paid (Section 24) and principal repaid (Section 80C). The amortization schedule shows exactly how much interest and principal you pay each year for tax benefits.
Can I reduce total interest by prepayment?
Yes! Making prepayments reduces the principal, which reduces future interest. Use this schedule to see how much you're paying in interest and decide if prepayment makes sense.
Key Features
- •Complete Month-by-Month Breakdown
- •Principal vs Interest Split
- •Running Balance Tracker
- •Multi-Currency Support
- •Instant Table Generation
- •Tax Planning Helper
Why Amortization Schedule Calculator Matters
Understand exactly where your money goes each month. Plan prepayments strategically to save on interest. Estimate tax benefits accurately with year-wise interest and principal breakdown. Track your loan payoff progress. Essential for financial planning and budgeting.