Repayment Schedule Calculator with Part payment
Amortization Calculator or Repayment Schedule Calculator, helps you to estimate your monthly loan repayments.
It calculates how much of your repayments will go towards the principal and how much will go towards interest.
Amortization PartPayment Calculator
Result:
| EMI: | 0 |
| Total payments: | 0 |
| Total Interest: | 0 |
| Pay-off Date: | 0 |
| Part Payment amount: | 0 |
| Interest reduction based on PartPayment: | 0 |
Split up of Interest and Principal paid:
What is Amortization Calculator or Repayment Schedule Calculator?
Repayment Schedule Calculator helps in calculating the emi of your Home loan, Car loan, Personal loan. You can calculate the EMI towards your loan. Also, you can get the overview of EMI splitup towards interest and principal for the entire tenure of your loan.
What is EMI?
EMI abbrevates for Equated Monthly Installment. EMI consists of two compnonents - Interest and Principal. On every payment of the EMI, some portion will be paid as part of Interest and some portion will be paid as part of Principal. If the loan term is longer the EMI will be lesser and vice versa. Also try our EMI Calculator to just to calculate the EMI of your loan amount.
How does this calculator helps in planning your loan repayment?
This Repayment Schedule Calculator help to estimate how much amount of Interest you will pay for the entire tenure of your loan.
It will give monthly splitup of Interest and Principal components on each EMI.
During the initial months of loan tenure the Interest percentage is higher and the amount go towards the Principal is lesser. When loan term nearing to end, the amount go towards Principal is higher and Interest is lesser.
Due to this even if you are making any part payment after the first quarter of your loan term, it wont have much impact in reducing the total interest you paid.
Hence use the Repayment Schedule Part Payment Calculator and plan when is effective to make a part payment in order to pay less Interest on your loan.
This calculator can be used to get the schedule on your Home loan, Car loan, Personal loan.
Loan Repayment Schedule:
| No | Date | Opening balance | EMI | Interest | Principal | Closing balance |
|---|---|---|---|---|---|---|
| No | Date | Opening balance | EMI | Interest | Principal | Closing balance |