Loan principal
Annual reducing balance rate
Repayment period in years
Monthly EMI
₹0
Total Interest
₹0
Total Payment
₹0
Year-wise EMI Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|
How to Read Your EMI Schedule
Your EMI repayment schedule (also called an amortization table) shows the progression of your loan over time. Key things to read from the schedule:
- Interest dominance: In the first year, 70–80% of your EMI is interest. By the last year, 80–90% is principal.
- Balance inflection: The outstanding balance drops slowly at first, then accelerates toward the end.
- Best time to prepay: The earlier in the schedule you prepay, the more interest you save.
Frequently Asked Questions
Is the EMI schedule the same as a loan statement?
They are related but different. The EMI schedule is a projected future payment plan. A loan statement shows actual payments made so far and the updated outstanding balance. Your bank provides both.
Can my EMI schedule change after loan disbursement?
Yes, for floating rate loans. When interest rates change, the bank revises your EMI schedule. You may receive a revised schedule via email or from netbanking.