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Amortisation Schedule
Result
Chart
Show formula & working
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
P = loan amount, r = annual interest rate ÷ 12 ÷ 100, n = number of monthly instalments. Interest each month = balance at the start of the month × r; the rest of the EMI repays principal.Details
RBI rule on pre-payment / foreclosure charges: rates and rules as of 28-Oct-2026 · Source: RBI (Pre-payment Charges on Loans) Directions, 2025 (2 Jul 2025, effective 1 Jan 2026). Every figure based on it stays editable.
How this works
The schedule shows, for every month or year, the opening balance, the EMI, how it splits into interest and principal, any prepayment and the closing balance.
Add prepayments to see them reduce the balance on the spot. Choose whether the lender should keep your EMI and shorten the tenure, or keep the tenure and lower the EMI.
Frequently asked questions
Can I download the schedule?
Yes — use Download CSV for the monthly or yearly view, or Print for a paper copy.
Do lenders charge for prepaying?
RBI rules do not allow pre-payment charges on floating-rate loans to individuals for non-business purposes. Fixed-rate and business loans can differ, so check your sanction letter.
Why is my lender's figure slightly different?
Lenders may round the EMI, charge broken-period interest before the first EMI, or work out interest on a daily basis. Your repayment schedule from the lender is the final reference.
Talk to Rytvae
Compare lenders, structure the loan and plan prepayments with someone who reads sanction letters for a living.