📅 Amortization Calculator

Calculate monthly EMI, interest payable, total repayment and complete amortization repayment schedule instantly.

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Monthly EMI

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Total Interest

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Total Repayment

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Principal Amount

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Total Months

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What is Amortization?

Amortization is the process of gradually repaying a loan through fixed monthly installments. Each EMI contains both principal and interest components.

EMI = [P × R × (1 + R)N] ÷ [(1 + R)N − 1]

Benefits of Amortization Schedule

  • Track loan repayment month-wise
  • Understand interest vs principal split
  • Plan finances effectively
  • Know outstanding balance anytime
  • Helps in prepayment planning

Amortization Schedule

Detailed repayment table showing EMI, principal paid, interest charged and remaining balance.

Month EMI Principal Interest Balance