Power Calculators

🗓️ Amortization Schedule Calculator (Loan Repayment Table)

Every EMI split into principal and interest — and what prepaying saves.

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Formula at a glance

Amortization Schedule Calculator: EMI — EMI = L·r(1 + r)ⁿ / ((1 + r)ⁿ − 1), r = annual rate/12. Example: ₹25 lakh at 8.5% for 20 years → Monthly payment (EMI): ₹21,696
How the Amortization Schedule Calculator works: EMI — EMI = L·r(1 + r)ⁿ / ((1 + r)ⁿ − 1), r = annual rate/12

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📘 About the Amortization Schedule Calculator

An amortisation schedule lists every loan payment and how it splits between interest and principal. Early payments are mostly interest; later ones mostly repay the loan. Seeing the schedule shows why prepaying early saves so much interest.

Enter the loan, rate and term, and optionally an extra monthly payment and the first payment date. The calculator gives the EMI, total interest, the payoff date, the interest and time saved by extra payments, and a yearly or month-by-month table with a chart of the balance.

🧮 Formula

EMI
EMI = L·r(1 + r)ⁿ / ((1 + r)ⁿ − 1), r = annual rate/12
Each month
interest = balance × r; principal = payment − interest

✏️ Worked examples

₹25 lakh at 8.5% for 20 years

You enter
Currency₹ Indian rupee
Loan amount2500000
Interest rate8.5 % a year
Term20 years
Extra payment every month (optional)0
ScheduleYearly summary
You get
Monthly payment (EMI)₹21,696
Total interest₹27,06,939 (27.07 lakh)
Total paid₹52,06,939 (52.07 lakh)
Paid offNovember 2046 (20 years)
Interest share of the total52%
First payment split₹3,987 principal · ₹17,708 interest

₹21,696.

With ₹5,000 extra each month

You enter
Currency₹ Indian rupee
Loan amount2500000
Interest rate8.5 % a year
Term20 years
Extra payment every month (optional)5000
ScheduleYearly summary
You get
Monthly payment (EMI)₹21,696 + ₹5,000 extra
Total interest₹16,17,579 (16.18 lakh)
Total paid₹41,17,579 (41.18 lakh)
Paid offOctober 2039 (12 years 11 months)
Interest share of the total39.3%
Saved by paying extra₹10,89,361 (10.89 lakh) interest and 7 years 1 month sooner
First payment split₹8,987 principal · ₹17,708 interest

₹10,89,361 (10.89 lakh) interest and 7 years 1 month sooner.

🧭 How to use this calculator

What you enter

  • Currency
  • Loan amount
  • Interest rate (% a year)
  • Term (years)
  • Extra payment every month (optional)
  • First payment (optional)
  • Schedule

What you get

  • Monthly payment (EMI)
  • Total interest
  • Total paid
  • Paid off
  • Interest share of the total
  • First payment split

❓ Frequently asked questions

Why is most of my EMI interest at first?

Interest is charged on the balance, which is largest at the start. As the balance falls, more of each payment goes to principal.

Does paying extra reduce the tenure or the EMI?

In this calculator the EMI stays the same and the loan ends sooner, which saves the most interest.

What is negative amortisation?

When payments are smaller than the interest, so the balance grows. Standard EMIs never do this.

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