Amortization schedule
See the principal and interest in every EMI.
Fixed monthly EMI
For illustration only. Read the assumptions below for the full picture.
A closer look.
| Year | Payments | Principal | Interest | Balance |
|---|---|---|---|---|
| Year 1 | ₹3,12,416 | ₹59,707 | ₹2,52,709 | ₹29,40,293 |
| Year 2 | ₹3,12,416 | ₹64,984 | ₹2,47,432 | ₹28,75,309 |
| Year 3 | ₹3,12,416 | ₹70,728 | ₹2,41,688 | ₹28,04,580 |
| Year 4 | ₹3,12,416 | ₹76,980 | ₹2,35,436 | ₹27,27,600 |
| Year 5 | ₹3,12,416 | ₹83,785 | ₹2,28,632 | ₹26,43,815 |
| Year 6 | ₹3,12,416 | ₹91,190 | ₹2,21,226 | ₹25,52,625 |
| Year 7 | ₹3,12,416 | ₹99,251 | ₹2,13,166 | ₹24,53,374 |
| Year 8 | ₹3,12,416 | ₹1,08,024 | ₹2,04,393 | ₹23,45,351 |
| Year 9 | ₹3,12,416 | ₹1,17,572 | ₹1,94,844 | ₹22,27,779 |
| Year 10 | ₹3,12,416 | ₹1,27,964 | ₹1,84,452 | ₹20,99,815 |
| Year 11 | ₹3,12,416 | ₹1,39,275 | ₹1,73,141 | ₹19,60,540 |
| Year 12 | ₹3,12,416 | ₹1,51,586 | ₹1,60,831 | ₹18,08,954 |
| Year 13 | ₹3,12,416 | ₹1,64,985 | ₹1,47,432 | ₹16,43,969 |
| Year 14 | ₹3,12,416 | ₹1,79,568 | ₹1,32,849 | ₹14,64,402 |
| Year 15 | ₹3,12,416 | ₹1,95,440 | ₹1,16,977 | ₹12,68,962 |
| Year 16 | ₹3,12,416 | ₹2,12,715 | ₹99,701 | ₹10,56,247 |
| Year 17 | ₹3,12,416 | ₹2,31,517 | ₹80,899 | ₹8,24,730 |
| Year 18 | ₹3,12,416 | ₹2,51,981 | ₹60,435 | ₹5,72,749 |
| Year 19 | ₹3,12,416 | ₹2,74,254 | ₹38,163 | ₹2,98,495 |
| Year 20 | ₹3,12,416 | ₹2,98,495 | ₹13,921 | ₹0 |
Understand your result.
Inspect how each loan payment is split between principal and interest. Switch between annual totals and a complete monthly schedule.
Early instalments can contain more interest because the outstanding principal is larger. The total EMI can remain unchanged while its components shift.
A worked example.
Using this calculator’s default inputs, fixed monthly emi is ₹26,035. This is an illustration of the stated formula, not a forecast.
See the example inputs
| Loan principal | ₹30,00,000 |
|---|---|
| Annual reducing-balance rate | 8.5 % |
| Repayment term | 240 months |
| Schedule detail | Yearly totals |
A common mistake to avoid
Interpreting the entire EMI as a reduction in principal.
Questions you might have.
Does the yearly view change the payment frequency?
No. Payments remain monthly. The annual view simply groups the same instalments into yearly totals.
Are rate resets included?
No. The schedule assumes a constant rate and no prepayments or payment holidays.
Prepared by INDwise · Calculation checks: 29 October 2026 · How we check the maths · Report a correction
How we calculate it
Calculate a fixed EMI, then each month interest = opening balance × annual rate ÷ 12. Principal repaid = EMI − interest.
Assumptions & things to know
Monthly reducing-balance loan, fixed rate and equal monthly intervals. Last payment may be adjusted for the remaining balance. No fees, prepayments, grace periods or tax benefits.
Your privacy & sharing
Your financial inputs are used only within this page. Saved calculators use this browser’s local storage. Sharing creates a link with the entered values, so anyone with that link can see those values. A downloaded summary stays on your device.