Loan
Amortization Schedule
Also known as: Loan Schedule, EMI Breakdown, Payment Schedule
Detailed breakdown showing monthly EMI split between principal and interest throughout the loan tenure.
Detailed Explanation
Amortization schedule is a table that shows the complete payment schedule for a loan, detailing how much of each EMI goes toward principal repayment versus interest payment. Early payments have higher interest component, while later payments have higher principal component. This schedule helps borrowers understand the true cost structure and plan prepayments effectively.