Loan Details
How to Use
- Enter the loan amount (principal)
- Input the annual interest rate
- Specify the loan term in years
- Select the loan start date
- Click "Calculate" to see results
About Amortization
Amortization is the process of spreading out a loan into fixed payments over time. Each payment covers both principal and interest, with the interest portion decreasing over time as the principal is paid down.
Enter Loan Details
Fill in the form to calculate your amortization schedule