Monthly EMI
₹0
Total Interest
₹0
Total Payment
₹0
Full Month-wise Amortization (First 60 Months Shown)
| Month | Principal | Interest | Balance |
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What is an Amortization Schedule?
A loan amortization schedule is a table showing the breakdown of every EMI payment over the full loan tenure. For each payment period it shows:
- The total EMI amount paid
- How much went toward interest
- How much went toward reducing principal
- The outstanding loan balance after the payment
Amortization schedules are provided by banks in the loan agreement (also called a repayment schedule). Use this calculator to generate your own before applying, or to verify the schedule your bank has given you.
Frequently Asked Questions
Does my bank have to provide an amortization schedule?
Yes. RBI guidelines require banks to provide a repayment schedule (amortization schedule) at the time of loan disbursement. You can also request it from your bank's netbanking portal.
Why does the balance decrease slowly in the early months?
Because in early months, most of the EMI is consumed by interest. As the outstanding balance reduces, less interest is charged, and more of each EMI goes to principal — so the balance starts shrinking faster toward the end.