VAK

Loan Calculators

Loan Amortization

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

Loan Amount required

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Rate of Interest required

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%

Tenure required

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years

Start Date required

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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.