Loan Calculator
A general-purpose loan calculator with a month-by-month amortisation schedule showing principal and interest for every instalment.
How to use Loan Calculator
- 1Enter the loan amount, interest rate and tenure.
- 2View your EMI along with the amortisation schedule below.
- 3Expand any year to see the month-by-month principal/interest split.
About Loan Calculator
This loan calculator computes your EMI the same way as our EMI calculator, but also generates a full amortisation schedule so you can see exactly how much of each instalment goes toward principal versus interest over the life of the loan.
Benefits
- • See exactly when you cross the halfway point between interest and principal repayment.
- • Useful for understanding the impact of prepayments on total interest.
Common mistakes
- • Assuming equal amounts of each EMI go toward principal — early instalments are interest-heavy, later ones are principal-heavy.
Frequently Asked Questions
As you repay principal, the outstanding balance shrinks, so the interest charged on it each month also shrinks, and a larger share of your fixed EMI goes toward principal.
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