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Loan Amortization Schedule Calculator

See your monthly loan payment and exactly how the first year splits between principal and interest.

Monthly payment

PKR 66,733

Total interest over the loanPKR 1,004,001
Total repaidPKR 4,004,001
First year — how each payment splits
MonthPrincipalInterestBalance
1PKR 36,733PKR 30,000PKR 2,963,267
2PKR 37,101PKR 29,633PKR 2,926,166
3PKR 37,472PKR 29,262PKR 2,888,694
4PKR 37,846PKR 28,887PKR 2,850,848
5PKR 38,225PKR 28,508PKR 2,812,623
6PKR 38,607PKR 28,126PKR 2,774,016
7PKR 38,993PKR 27,740PKR 2,735,023
8PKR 39,383PKR 27,350PKR 2,695,640
9PKR 39,777PKR 26,956PKR 2,655,863
10PKR 40,175PKR 26,559PKR 2,615,688
11PKR 40,576PKR 26,157PKR 2,575,111
12PKR 40,982PKR 25,751PKR 2,534,129

What amortization means

Amortization is the process of paying off a loan through regular, fixed payments over time, where each payment covers that period's interest first and puts the remainder toward the principal balance. An amortization schedule lists exactly how much of each individual payment goes to each, month by month.

Why the split changes over time

Early in a loan, the balance is at its highest, so the interest portion of each payment is largest and the principal portion is smallest — even though the total payment stays fixed. As the balance shrinks with each payment, less interest accrues, so a growing share of each identical payment goes toward principal instead. This is why the first year of a long loan can feel like slow progress on the balance, even with consistent payments.

Using this to make smarter decisions

Seeing the actual split makes two things concrete: how much interest a loan costs in its early years specifically, and why extra payments made early in a loan's life save more total interest than the same extra payment made later — early extra payments skip more of the high-interest months.

Frequently asked questions

Why does my payment stay the same but the interest portion change?

The fixed monthly payment is calculated so that after all planned payments, the balance reaches zero. Because interest is charged on the remaining balance, the interest portion has to shrink over time even though the payment itself does not.

Does making one extra payment save much?

Yes — an extra payment applied directly to principal reduces the balance that all future interest calculations are based on, which compounds over the remaining life of the loan. Extra payments made earlier in the schedule generally save more total interest than the same amount paid later.

Why does the calculator only show the first year?

A full schedule for a 20 or 30-year loan would run to hundreds of rows, which is more detail than most people need to understand the pattern. The first year shows the mechanism clearly — the same principal-vs-interest shift continues in the same direction for the rest of the loan.