Loan Amortization

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

• 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.