Amortization is the process of gradually paying off a loan through fixed monthly payments over a set period. Each payment covers both principal (the borrowed amount) and interest, ensuring a structured and predictable repayment schedule. This method is commonly used for mortgages, auto loans, and personal loans.
Use our Dynamic Loan Amortization Calculator to easily calculate your loan payments, track your repayment progress, and compare different loan plans.
🔹Make your life easier! Configure your loan parameters below.
Keywords: amortization, loan amortization, amortization schedule, loan calculator, mortgage amortization, loan repayment, principal and interest, lumpsum payment, fixed rate, variable rate, subsidy calculation, excel export, APR calculation, loan duration, interest distribution, life insurance premium, monthly installment
Enter a lumpsum amount above to enable this option.
Enter a lumpsum amount above to enable this option.
Loading amortization schedule...
Loading amortization schedule...