Tools/Loan Amortization Schedule Calculator
Term Loan Amortization Schedule Calculator
Get a year-by-year repayment schedule showing exactly how much principal and interest you pay over the life of your loan.
Loan Configuration
Save up to ₹7,65,386
Recur Club founders typically secure rates ~2.5% lower than market average. Indicative savings over full tenure.
Monthly EMI
₹2,32,683
Principal
₹1 Cr
Total Interest
₹39.6 Lakh
125+ lenders. Termsheet in 48h. Zero equity dilution.
Amortization Schedule
| Year | Principal Paid | Interest Paid | Balance Remaining |
|---|---|---|---|
| Year 1 | ₹14,85,089 | ₹13,07,101 | ₹85,14,911 |
| Year 2 | ₹17,06,875 | ₹10,85,315 | ₹68,08,035 |
| Year 3 | ₹19,61,784 | ₹8,30,406 | ₹48,46,252 |
| Year 4 | ₹22,54,761 | ₹5,37,430 | ₹25,91,491 |
| Year 5 | ₹25,91,491 | ₹2,00,699 | ₹0 |
How to read an amortization schedule
An amortization schedule breaks each EMI into its principal and interest components. In the early years, most of your EMI goes toward interest; as the outstanding balance falls, more of each payment repays principal.
This matters for planning prepayments: prepaying in the early years saves far more interest than prepaying late. It also shows your outstanding balance at any point - useful when refinancing to a lower rate through a platform like Recur Club.
Explore Secured Term LoansWhat is an amortization schedule calculator?
An amortization schedule calculator generates a complete year-by-year repayment map for your term loan. Beyond just the EMI, it shows how each payment splits between principal and interest, and what you still owe at every stage of the loan.
This is the tool lenders themselves use to structure loans - and the one borrowers should use to plan prepayments, compare refinancing offers, and understand the true cost of long tenures.
How to use this amortization calculator
- 1
Set your loan amount and interest rate with the sliders.
- 2
Choose the tenure - the schedule recalculates instantly for any tenure from 12 to 120 months.
- 3
Read your EMI and total interest at the top.
- 4
Scroll to the schedule table to see principal paid, interest paid, and balance remaining for each year.
- 5
Use the balance column to plan prepayments - prepaying when the balance is high saves the most interest.
Why the amortization schedule matters
Time your prepayments
A ₹10 lakh prepayment in year 1 saves several times more interest than the same prepayment in year 4.
Know your refinance point
The balance column tells you exactly how much a new lender needs to take over - essential when refinancing to a lower rate.
See the real cost of tenure
Stretching from 5 to 8 years may drop your EMI 25% but raise total interest 60%+. The schedule makes this visible.
Plan collateral release
For secured loans, knowing when the balance crosses key thresholds helps you negotiate partial security release.