Loan Calculator
Calculate loan payments with a yearly amortization schedule.
đ Runs entirely in your browser â nothing is uploaded.
âšī¸ Shows a yearly amortization breakdown. For just the monthly payment, see the EMI Calculator.
| Year | Principal paid | Interest paid | Remaining balance |
|---|---|---|---|
How Loan Calculator works
How does the loan calculator work?
It uses the same amortization formula as the EMI calculator, EMI = P à r à (1+r)^n / ((1+r)^n - 1), but then simulates the loan month by month: each month's interest is the outstanding balance times the monthly rate, the rest of the payment reduces principal, and the balance carries forward. Those monthly figures are rolled up into a year-by-year table showing principal paid, interest paid, and remaining balance for each year of the term.
When would I use this?
Use it when you want more than a single monthly payment figure - for example, to see how much of your loan is still unpaid after year 5, or how the interest-versus-principal split shifts as the loan matures. It is useful for mortgage or long-term loan planning where the full payoff schedule matters.
What does it not account for?
Like the EMI calculator, it assumes one fixed interest rate for the whole term and a level monthly payment with no extra or missed payments, so it won't reflect a variable-rate loan or the effect of prepaying principal. If you only need the monthly payment figure without the yearly schedule, the EMI Calculator is the leaner option.