Loan Amortization Calculator

An amortization schedule shows a detailed breakdown of each payment towards a loan, splitting it into principal and interest components, along with the outstanding balance after each payment.

Interest is calculated on the outstanding balance. As you pay off principal, the balance reduces, so the interest portion decreases while the principal portion increases in each EMI.

Yes! Click the 'Download CSV' button to get the full amortization table in a spreadsheet-compatible format.

Flat rate charges interest on the full principal throughout. Reducing (diminishing) rate charges interest only on the outstanding balance — this calculator uses the reducing balance method, which is what banks use.