Plan payoff across multiple debts — credit cards, loans, BNPL, student loans — with snowball, avalanche, or a custom order. See total interest saved, months to debt-free, and a month-by-month schedule, all in one PDF you can stick on the fridge.
01 — What you create
Drop in a fixed, floating, or step-up loan. At each rate boundary, the EMI is recalculated on the remaining balance and tenure — exactly how a retail bank handles a reset.
LOAN AMORTIZATION SCHEDULE
Floating Home Loan — Amortization
Borrower: Marcus Vance · Structure: Floating
LOAN AMOUNT
USD 250,000
START RATE
6.50% p.a.
INITIAL EMI
USD 1,864.29
TOTAL PAYABLE
USD 471,892
RATE SEGMENTS
+ 240 period rows in the full PDF — EMI re-amortizes at every rate reset.
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02 — How it works
Floating-rate loans don’t keep their EMI flat — at every reset the bank looks at the balance you still owe and the time left, then recomputes the EMI on the new rate. This tool does the same maths, period by period.
Fixed for one rate across the whole tenure; floating or step-up for rate resets at fixed periods; custom for fully arbitrary segments.
Each segment starts at a specific period with its own annual rate. The first segment always starts at period 1 — every subsequent one triggers an EMI recalc.
PDF with summary cards, rate segments, yearly rollup, and full period table. XLSX has Summary, Schedule, Yearly, and Segments sheets.
03 — Built for serious loans
Fixed, step-up, floating, or fully custom. Define as many rate boundaries as you need across the loan tenure.
At every rate change, the EMI is recomputed on the remaining balance and remaining periods — the same way banks handle a reset.
Every row in the schedule shows the effective annual rate. Visual marker on the PDF at each boundary so you can see exactly when the reset kicked in.
In addition to per-period and per-year views, get a segment-level summary showing EMI, principal, interest, and ending balance for each rate band.
Monthly, quarterly, semi-annual, annual, weekly, bi-weekly. Tenure converts automatically based on your chosen frequency.
PDF with summary cards, segments table, yearly rollup, full schedule, and totals row. XLSX has Summary, Schedule, Yearly, and Segments sheets.
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04 — Common questions
The EMI Schedule tool assumes a single rate across the whole tenure — fine for fixed-rate loans. Loan Amortization adds rate segments, so you can model floating-rate loans, step-up structures, or any custom rate schedule. At each segment boundary, the EMI is recomputed.
When a loan's rate changes mid-tenure, banks typically keep the remaining tenure the same and recompute the EMI on the new rate against the remaining balance. That's "re-amortization" — and it's what this tool does at every rate boundary.
Yes — add a segment for each rate step. For example: 5.5% for periods 1–24, 6.5% for 25–48, 7.5% for 49–end. The EMI rises at each step. Common structure for student loans, salary-linked home loans, and EMI-moratorium products.
Set the "Extra payment per period" field. It's added to the principal portion of each EMI; the schedule shortens automatically and total interest drops. Works with any rate structure.
EMI to within a few cents. Total interest within 0.5%. Differences usually come from how the bank handles month-end day counts, processing-fee amortization, or insurance bundled into the EMI — none of which this tool models.
PDF (multi-page, with summary cards, segments table, yearly rollup, full amortization with rate-boundary markers, totals row, page footers) and XLSX (4 sheets: Summary, Schedule, Yearly, Segments). XLSX columns are numeric — ready for pivots, charts, or further formulas.