When you borrow money, it’s not just about the monthly payment — it’s about knowing how your loan balance reduces over time. An amortization calculator gives you the complete breakdown of each installment, showing how much goes toward interest and how much pays down the principal.
For home buyers, pairing this tool with a mortgage calculator makes planning simple and transparent. Car shoppers can use the auto loan calculator or car loan calculator alongside amortization schedules to see the real long-term costs. Even if you’re focused on short-term borrowing, an EMI calculator or loan interest analyzer helps you compare options before making a decision.
Instead of guessing, you get a clear repayment roadmap — month by month, year by year. This way, you’re not just paying, you’re planning.
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See your loan payment schedule with detailed principal & interest breakdown
This tool helps you:
Understand principal vs. interest in each payment.
See how extra payments can shorten your loan term.
Compare different loan durations and interest rates.
Plan refinancing or prepayment strategies effectively.
Enter Loan Amount – The principal you borrowed.
Enter Interest Rate – Annual rate charged by your lender.
Enter Loan Term – Repayment period in years or months.
Click Calculate – Get EMI, total interest, and full amortization schedule.
Transparency – See exactly where your money goes.
Early Payoff Planning – Identify the impact of extra payments.
Better Loan Comparisons – Choose the term that saves the most.
Budget Control – Predict your monthly and yearly cash flow.
We use the standard amortization formula:
EMI=P×R×(1+R)N(1+R)N−1EMI = \frac{P \times R \times (1+R)^N}{(1+R)^N – 1}
Where:
P = Loan amount
R = Monthly interest rate (annual rate ÷ 12 ÷ 100)
N = Loan term in months
The calculator then generates a month-by-month table showing principal and interest portions separately.
Yes, it works for all fixed-rate loans.
Our calculator will show how your term shortens and interest reduces.
No, variable rates require recalculations when rates change.
The Amortization Calculator isn’t just a math tool — it’s a financial roadmap. Use it to save interest, shorten your loan term, and stay in full control of your debt.