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Loan Amortization Calculator India 2026 – Full EMI Schedule

Use this free Loan Amortization Calculator in India to get a complete month-by-month breakdown of every EMI — showing principal repaid, interest charged, and balance outstanding.

Generate a full amortization schedule with monthly breakdown of principal and interest.

Loan Amount

Annual Rate (%)

Term (Years)

Start Month

Currency

Monthly Payment

—

Total Interest

—

Total Payment

—

Interest %

—

What is Loan Amortization?

Loan amortization is the process of paying off a loan in equal periodic installments over time. Each payment covers both interest (charged on the outstanding balance) and principal (reducing the balance).

Formula Used

Monthly Payment = P × r(1+r)^n / [(1+r)^n − 1] Balance after payment k = P(1+r)^k − M[(1+r)^k − 1]/r

Example Calculation

Example — US — $200,000 at 7.5% for 20 years

Monthly = $1,609 | Total Interest = $186,160 | Total Paid = $386,160

Example — India — ₹50L at 8.5% for 15 years

Monthly EMI = ₹49,262 | Total Interest = ₹38.7L | Total = ₹88.7L

Example — United Kingdom

£250,000 mortgage at 5.5% for 25 years. Monthly: £1,531 | Total paid: £459,300 | Total interest: £209,300 | Balance at year 10: £185,400

Why Use This Calculator?

An amortization schedule shows you exactly how each payment splits between principal and interest. In early years, most of your payment is interest. Over time, more goes to principal. This calculator helps you see where your money goes and how extra payments accelerate payoff.

What is negative amortization?▾

Negative amortization occurs when your minimum payment doesn't cover the interest charged, causing your loan balance to increase. This can happen with certain adjustable-rate or graduated payment loans.

How does making extra payments help?▾

Extra payments reduce principal faster, which reduces the interest charged in future periods — accelerating the amortization curve significantly and saving thousands.

Can I get an amortization table?▾

Yes — this calculator shows you the year-by-year breakdown. For full monthly tables, most banks and mortgage providers offer detailed PDFs.

💡 Tip: Making just one extra payment per year on a 30-year mortgage can reduce the loan term by 3–5 years.