Monthly reducing balance. Interest each month = Opening Principal × (Annual Rate ÷ 12 ÷ 100). EMI auto-adjusts in last month
EMI
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Total Interest
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Total Payment
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Last Instalment
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| # | Month | Opening | EMI | Interest | Principal | Closing |
|---|---|---|---|---|---|---|
| Enter inputs and click “Calculate”. | ||||||
| Totals | ||||||
Loan Amortization Schedule Calculator
When you take a loan, it’s not enough to just know the EMI amount. You also need to understand how much of your EMI is going toward interest and how much toward principal repayment. That’s where our loan amortization schedule calculator for car loan, home loan, and personal loan becomes an essential tool.
Unlike most calculators on the web that only show EMI numbers, our tool gives you a complete month-by-month amortization repayment schedule with:
EMI breakup (principal vs. interest)
Opening and closing balance of loan every month
Downloadable CSV file of the entire schedule
Custom EMI start month option – very useful for accountants while closing financial books
EMI Amortization Schedule: Key Features
CSV Download (Excel-ready)
Most calculators don’t allow you to export the loan schedule. Our tool lets you download the entire amortization schedule as a CSV file, which can be opened directly in Excel or Google Sheets for further analysis.Start Month Selection
You can choose the first EMI month. This helps businesses and accountants when they don’t have official EMI schedules from banks but still need to book interest costs in the correct months for financial statements.Monthly Reducing Balance
The calculator uses the standard monthly reducing balance method followed by banks and NBFCs in India, ensuring accurate results.Suitable for All Loans
Whether it’s a home loan, car loan, personal loan, or business loan, you can use this single calculator to plan and manage repayments.
How to Use the Loan Amortization Calculator
Enter the loan amount
Enter the number of installments (in months)
Enter the annual interest rate
Select the first EMI month
Click Calculate to generate the full repayment schedule
Download the CSV file to keep the schedule for your records or accounting
Personal Loan Amortization Schedule
Personal loans are unsecured, so lenders usually charge a higher rate and shorter tenure (1–5 years) than secured loans. Because there’s no collateral, banks often front-load interest slightly more in the early months. Enter your sanctioned amount, tenure, and rate above to get your exact personal loan amortization schedule with a month-wise EMI breakup.
Car Loan Payment Schedule
Car loans are secured against the vehicle (hypothecation), which is why rates are usually lower than personal loans. Most car loan payment schedules run 3–7 years. Use the calculator above to generate your car loan’s payment schedule and download it as CSV for your records — useful if you’re claiming depreciation or business-use interest deduction.
Home Loan Amortization Schedule
Home loans typically run 15–30 years with the lowest rates among retail loans, and interest forms the bulk of your EMI in the early years. This calculator works the same way for home loans — enter your sanctioned amount and rate to see the full amortization schedule.
Sold the property this loan financed?
Estimate your tax with our [Capital Gain Calculator]
Benefits for Accountants and Businesses
Accurately calculate interest expense month by month
Use the CSV output as a ready reference in audits and financial closing
Align loan schedules with financial year reporting by setting the EMI start month
Avoid reliance on bank-provided schedules which are often delayed or unavailable
- If your loan qualifies for RIPS 2024, check your eligible amount with our [Rajasthan Interest Subsidy Calculator]
Frequently Asked Questions (FAQ)
Q1. What is a loan amortization schedule?
An amortization schedule is a detailed table showing how each EMI is split between interest and principal repayment, along with the opening and closing loan balance for every month until the loan is repaid.
Q2. How is this loan amortization schedule calculator useful?
Our calculator not only gives EMI but also provides a downloadable CSV schedule. This helps individuals plan their loan repayments and helps accountants correctly record loan interest and principal in financial books.
Q3. Can I use this calculator for home loans and car loans?
Yes. This amortization schedule calculator for car loan, home loan, personal loan works for all types of loans with monthly reducing balance interest.
Q4. Why is the EMI start month option important?
Many calculators assume the loan starts immediately. In reality, your first EMI may begin after a few months. By setting the start month, you can align the repayment schedule with your actual financial year and accounting records.
Q5. How do I download the loan schedule in Excel?
Once the schedule is generated, click on the Download CSV button. The file can be opened directly in Excel or Google Sheets.
Q6. Is this loan amortization schedule calculator free to use?
Yes. This tool is completely free and available anytime under the Resources section of our website.
Q7. What’s the difference between an amortization schedule and a repayment schedule?
They mean the same thing, a repayment schedule (or amortization repayment schedule) is the month-wise breakup of EMI into principal and interest until the loan is fully repaid.
Q8. Does the amortization schedule differ between a personal loan, car loan, and home loan?
The calculation method is identical (monthly reducing balance). What differs is typically the tenure and rate, personal loans are shorter and costlier, car loans are mid-length and secured, home loans are long-tenure with the lowest rates. You can generate the schedule for any of the three using the same calculator above.
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