Amortization Schedule Calculator
Generate a full month-by-month amortization schedule for any loan.
Assumptions used in this calculation
- Interest method: Uses the monthly reducing-balance method, interest each month is charged only on the outstanding principal, the same convention as the EMI calculator.
- Fixed payment: Assumes the monthly payment stays constant for the full tenure with no prepayments, rate changes, or missed payments.
About this calculator
A loan's fixed monthly EMI hides a shifting split underneath it: early payments are mostly interest with only a small sliver reducing principal, while later payments flip to mostly principal, and knowing exactly where that split stands at any given month matters for tax deduction claims, deciding when prepayment has the most impact, or simply understanding how much equity you've actually built up so far. This calculator generates the complete month-by-month breakdown for any loan amount, interest rate and tenure, computing each month's interest as the outstanding balance times the monthly rate, the principal portion as the fixed payment minus that interest, and the resulting new balance, repeated for every month of the schedule. Rather than a single EMI figure, you get the full table showing exactly how the interest-to-principal mix evolves and when your balance crosses key milestones, useful for loan planning that a lump-sum EMI number alone can't support.
Worked example
₹10,00,000 at 12% for 60 months
Result: Full 60-month schedule
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