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Loan Amortization

This calculates loan with scheduled periodic payments that consist of both principal and interest.

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  • Once Borrower avails a loan, he has to pay monthly installment commonly known as EMI.
  • This EMI consist of principal repayment as well as interest charged by the Bank.
  • Amort Chart will assist the borrower with the entire break up of principal repayment as well as interest.
  • Amortized loan is a loan with scheduled periodic payments that consist of both principal and interest.
  • Amortized chart also assists on the total amount of payment made towards the loan to the Bank.
  • During the initial years of repayment, the interest component repaid is higher while in later years, the principal component is higher. This is clearly indicated through the amortization chart.