Amortization Calculator - Kostenloser Online-Rechner

1. 1

   Enter the loan amount, annual interest rate and tenure.

2. 2

   Click calculate to see EMI, total interest and total payment.

3. 3

   Scroll the schedule to view month-by-month or year-by-year breakdown.

4. 4

   Use the schedule to plan part-prepayments - every prepayment directly reduces the principal column from that month onward.

For each month the calculator first computes interest on the current outstanding balance (balance × monthly rate). The remaining EMI goes towards principal. The new balance is the old balance minus the principal paid. Initially the interest portion is large because the outstanding balance is high; as principal reduces, interest reduces and principal repayment accelerates.

• Home loan borrowers planning a prepayment strategy. The schedule shows exactly which year's interest you'd save by prepaying ₹1 lakh today vs next year.
• Borrowers comparing two loan offers with different tenure-rate combinations. A 7.9% for 25 years vs 8.5% for 15 years can have very different amortization shapes even with similar EMIs.
• Long-term loan holders auditing their bank's statement. The amortization schedule reveals if the bank has silently adjusted your tenure due to rate changes.
• Tax planning. The interest column directly feeds into your Section 24(b) deduction of up to ₹2 lakh per year for self-occupied home loans - knowing the year-wise interest helps you plan deductions in advance.

• Confusing principal paid with equity in the home. Until you've paid roughly 50% of the tenure on a typical home loan, your equity in the property (principal repaid + price appreciation − loan outstanding) is barely above your down payment.
• Missing the prepayment window. Most Indian banks now allow penalty-free prepayments on floating-rate retail loans (RBI mandated), but the value is enormous in years 1-7 and modest after year 12 - schedule prepayments accordingly.
• Assuming all months are equal. A bank's first EMI usually covers a partial month plus the next full month, which can make the very first interest charge slightly different from the schedule shown here.
• Forgetting interest tax deduction. Indian Income Tax allows up to ₹2 lakh of home loan interest deduction (Section 24b) per year for self-occupied homes - your effective rate is meaningfully lower than the headline.
• Treating amortization as a guaranteed plan. On floating-rate loans, the schedule is a snapshot at the current rate. Re-run it after every reset.

• Make at least one extra EMI per year as a prepayment in the first decade. The interest saved is dramatically larger than the same prepayment in the last decade.
• If you receive a year-end bonus, splitting it 60-40 between prepayment and investment is usually more rewarding than fully deploying either way - except in years when the equity market has had a 25%+ year, in which case bias toward prepayment.
• Always confirm with your bank whether prepayment defaults to tenure reduction or EMI reduction. Most banks default to tenure reduction (better for you), but a few default to EMI reduction unless you specify.
• Print or save your amortization schedule when the loan starts. Compare it to the bank's actual statement every year - small accumulated discrepancies (rounded fees, miscredited prepayments) can add up and are easier to challenge with documentation.
• Pair this with the prepayment-vs-invest calculator on this site to decide whether your next surplus rupee should go to the loan or to a SIP.