Loan Amortization Calculator
Calculate loan amortization for any type of loan - home, auto, personal. See total interest paid.
Understanding Amortization
Works for: Home loans, car loans, personal loans, education loans
Schedule Components
- EMI: Fixed monthly payment
- Principal: Reduces loan balance
- Interest: Cost of borrowing
- Balance: Remaining loan amount
Frequently Asked Questions
Does this work for all loans?
Yes, any fixed-rate loan with regular payments follows amortization principles.
How do extra payments help?
Extra principal payments reduce balance faster, saving interest and shortening loan term.