Loan Amortization Calculator (₹)
Enter the total loan amount
Enter the annual interest rate
Enter the loan duration in years
Select how often you'll make payments
Optional: Additional amount to pay toward principal each period
Guide & Explanations
How to use
Follow these steps to calculate your loan payments and view the amortization schedule:
- Enter loan details:
- Loan amount: The total amount borrowed
- Interest rate: Annual interest rate (percentage)
- Loan term: Duration of the loan in years
- Select payment frequency: Choose how often you'll make payments (monthly, bi-weekly, or weekly)
- Optional - Add extra payments: Enter any additional amount you plan to pay toward the principal each period
- Click Calculate to see your payment summary and amortization schedule
- View results: Review your payment amount, total interest, and complete payment schedule
Pro Tips:
- Adding extra payments can significantly reduce the total interest paid and loan duration
- Increasing payment frequency (e.g., bi-weekly instead of monthly) can save interest and pay off your loan faster
- Try different loan terms to find the optimal balance between payment amount and total interest