Amortization Calculator

Finance

Loan EMI with a full year-by-year payoff schedule.

Loan details

Loan amount₹25,00,000

₹

Interest rate (p.a.)9 %

Loan term15 years

years

Monthly EMI

₹25,357

Total interest: ₹20,64,200
Total payment: ₹45,64,200

Yearly amortization schedule

Year	Principal	Interest	Balance
1	₹82,633	₹2,21,647	₹24,17,367
2	₹90,385	₹2,13,895	₹23,26,982
3	₹98,864	₹2,05,416	₹22,28,118
4	₹1,08,138	₹1,96,142	₹21,19,980
5	₹1,18,282	₹1,85,998	₹20,01,698
6	₹1,29,378	₹1,74,902	₹18,72,320
7	₹1,41,514	₹1,62,766	₹17,30,806
8	₹1,54,789	₹1,49,491	₹15,76,017
9	₹1,69,309	₹1,34,971	₹14,06,708
10	₹1,85,192	₹1,19,088	₹12,21,516
11	₹2,02,564	₹1,01,716	₹10,18,952
12	₹2,21,566	₹82,714	₹7,97,386
13	₹2,42,350	₹61,930	₹5,55,036
14	₹2,65,084	₹39,195	₹2,89,951
15	₹2,89,951	₹14,329	₹0

Amortization Calculator

See exactly how a loan is paid off over time. The yearly schedule shows how much of each year's payments goes to principal versus interest, and the remaining balance. Early payments are mostly interest; later payments are mostly principal.

Frequently asked questions

What is loan amortization?

Amortization is the process of paying off a loan with regular equal payments. Each payment covers the period's interest first, with the rest reducing the principal balance.

Why is early interest so high?

Interest is charged on the outstanding balance, which is largest at the start. As the balance falls, the interest portion of each EMI shrinks and the principal portion grows.

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