Loan Amortization Calculator

Calculate monthly payments and view a complete loan repayment schedule with interest breakdown.

Loan Details

Calculate Amortization

What Is Loan Amortization?

Loan amortization is the process of gradually repaying a loan through fixed periodic payments. Each payment covers both interest and principal, reducing the loan balance over time.

Why Use a Loan Amortization Calculator?

• ✔ Understand how payments are split between interest and principal
• ✔ Plan long-term loan repayment accurately
• ✔ Compare different loan terms and interest rates
• ✔ Improve financial decision-making

Calculator Stats

• Category: Finance & Loans
• Calculation Type: Monthly amortization
• Outputs: EMI, total interest, repayment schedule

Loan Amortization Formula

Monthly payment (EMI) is calculated using:

EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)

Where:

• P = Loan amount
• r = Monthly interest rate
• n = Total number of payments

This calculator is for informational purposes only and does not constitute financial advice.

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