Loan Amortization Calculator

View complete loan amortization schedule

Loan Amortization Calculator

View complete loan amortization schedule and yearly breakdown

Currency

Loan Amount: $100,000

$1,000$1,000,000

Interest Rate: 10%

1%30%

Loan Tenure: 5 years

1 year30 years

Monthly EMI

$2,125

Total Payment

$127,482

Total Interest

$27,482

Loan Tenure

5 years

Yearly Summary

Year

Total Payment

Principal

Interest

Ending Balance

$25,496

$16,227

$9,270

$83,773

$25,496

$17,926

$7,570

$65,847

$25,496

$19,803

$5,693

$46,044

$25,496

$21,877

$3,620

$24,167

$25,496

$24,167

$1,329

First Year Monthly Schedule

Month

EMI

Principal

Interest

Balance

$2,125

$1,291

$833

$98,709

$2,125

$1,302

$823

$97,406

$2,125

$1,313

$812

$96,094

$2,125

$1,324

$801

$94,770

$2,125

$1,335

$790

$93,435

$2,125

$1,346

$779

$92,089

$2,125

$1,357

$767

$90,731

$2,125

$1,369

$756

$89,363

$2,125

$1,380

$745

$87,983

$2,125

$1,392

$733

$86,591

$2,125

$1,403

$722

$85,188

$2,125

$1,415

$710

$83,773

How to Use the Loan Amortization Calculator

Select Your Currency: Choose from 8 major currencies (USD, EUR, GBP, INR, JPY, AUD, CAD, CNY)
Enter Loan Amount: Input the total loan amount you want to analyze
Set Interest Rate: Enter the annual interest rate of your loan
Choose Loan Tenure: Select the repayment period in years
View Yearly Summary: See year-by-year breakdown of payments
Review Monthly Schedule: Check first-year month-by-month amortization
Download Full Schedule: Export complete amortization schedule for all years

Advanced Loan Amortization Calculator Features

Complete Amortization Schedule: Full month-by-month breakdown for entire loan tenure
Yearly Summary View: Annual totals for payments, principal, and interest
Multi-Currency Support: Calculate amortization in 8 major global currencies
Flexible Loan Parameters: Support for any loan amount, rate, and tenure
Real-Time Calculations: Instant updates as you adjust loan parameters
Download Full Report: Export complete amortization schedule as text file
Progress Tracking: Monitor loan balance reduction over time
Mobile-Responsive: Works perfectly on desktop, tablet, and mobile devices
Privacy-First: All calculations happen in your browser, no data sent to servers
No Registration: Use unlimited times without creating an account
Accurate Mathematics: Uses industry-standard amortization formulas

Why Use Our Loan Amortization Calculator?

Loan amortization is the process of paying off debt through regular payments over time. Understanding your amortization schedule is crucial for financial planning, tax purposes, and making informed decisions about prepayments or refinancing. Our calculator provides complete transparency into how your loan payments are allocated between principal and interest.

Complete Transparency: See exactly how every payment affects your loan balance
Tax Planning: Track interest vs principal for tax deduction purposes
Prepayment Strategy: Understand when extra payments will save the most money
Investment Comparison: Compare loan interest costs vs potential investment returns
Long-term Planning: Visualize your debt reduction journey over years
Refinancing Analysis: Evaluate how refinancing affects your payment schedule
Financial Education: Learn how loans actually work through detailed breakdowns

Who Should Use This Loan Amortization Calculator?

Home Loan Borrowers

Mortgage holders who want to understand their 15-30 year payment schedule. Track how much equity you're building each year and plan for property taxes and insurance alongside loan payments.

Business Owners

Entrepreneurs with business loans who need to plan cash flow around loan payments. Understand how loan amortization affects business profitability and tax deductions.

Financial Planners

Financial advisors helping clients understand loan structures and payment schedules. Provide clients with detailed amortization reports for better financial decision-making.

Tax Professionals

Accountants and tax consultants calculating interest deductions for home loans, business loans, and other deductible loans. Track interest portions for accurate tax planning.

Understanding Loan Amortization

Loan amortization is the process of gradually paying off a debt through regular, scheduled payments. Each payment consists of two parts: principal (the amount borrowed) and interest (the cost of borrowing). Initially, a larger portion of each payment goes toward interest, but over time, more goes toward principal.

Key Amortization Concepts Explained:

Amortization Schedule: Complete timeline showing all payments and balance reductions
Principal Payment: Portion of EMI that reduces the loan balance
Interest Payment: Portion of EMI that pays borrowing costs
Outstanding Balance: Remaining loan amount after each payment
Front-Loaded Interest: Higher interest percentage in early loan period
Back-Loaded Principal: Higher principal percentage in later loan period
Equity Building: How much ownership you're gaining in collateral (home, car, etc.)

Loan Amortization Calculator FAQs

What is the difference between amortization and simple interest?

Simple interest calculates interest only on the original principal amount. Amortization calculates interest on the remaining balance each period, making it more complex but fairer. Most modern loans use amortization schedules to ensure regular payments and gradual debt reduction.

Why does the interest portion decrease over time?

Interest is calculated on the outstanding loan balance. As you make payments, the principal reduces, so the interest charged on the remaining balance also decreases. This is why early payments have higher interest portions, while later payments have higher principal portions.

How can I use this for tax purposes?

For tax deductions (like home loan interest), you need to know the interest portion of each EMI. This calculator shows you exactly how much interest you're paying each year, which you can use for tax planning and claiming deductions under relevant tax laws.

Is my financial data safe?

Absolutely! This calculator runs entirely in your web browser using JavaScript. Your loan amounts, interest rates, and payment schedules never leave your device. We don't collect, store, or track any data. Your privacy is completely protected.