Quikbench
Quikbench
Same EMI math as the EMI calculator, plus a year-by-year breakdown of how much of your payment goes to principal vs. interest. Nothing here is sent anywhere; it's plain arithmetic that runs instantly as you type.
Same EMI math as above, plus a year-by-year breakdown of how much of your payment goes to principal vs. interest.
| Year | Principal paid | Interest paid | Balance remaining |
|---|
Same underlying EMI formula as the EMI calculator, with an added year-by-year amortization table showing how the principal-vs-interest split shifts over the life of the loan — typically more interest-heavy in early years and more principal-heavy later on.
All calculations run entirely in your browser — there's no upload, no account, and no server involved at any point. Results update live as you move the sliders.
The year-by-year breakdown shows how the split between interest and principal shifts over the life of the loan, even though your EMI stays fixed. Early on, most of each payment goes toward interest because the outstanding balance is still large; by the final year, most of the payment is principal, since there's little balance left to charge interest on. This is why paying off a loan early saves disproportionately more in the first half of its tenure than the second.
The EMI calculator gives you the quick monthly figure; this tool is for when you want the full year-by-year picture — useful for deciding whether a prepayment makes sense, or for understanding how much interest you've actually paid so far partway through a loan.
An EMI calculator gives you just the fixed monthly payment. This loan calculator goes further, showing a full year-by-year amortization table of how much of each payment goes to principal versus interest over the loan term.
Each row shows one year of the loan: the interest paid, the principal repaid, and the remaining balance. Early years skew toward interest; later years skew toward principal — that's normal for reducing-balance loans.
Yes — the math is identical for any fixed-rate, fixed-tenure loan. Just enter the loan amount, interest rate, and tenure for your car loan, personal loan, or education loan.
No — it shows the standard schedule assuming only the fixed EMI is paid each month, with no extra payments.
Because interest is calculated on the full outstanding balance, which is largest at the very start of the loan — this is normal for any reducing-balance loan, not a sign of a bad deal.
The reducing-balance calculation applies to most fixed-rate loans — home, car, personal, and education loans typically all use this method, though always confirm with your specific lender.
📖 Related guide: Loan Amortization Explained: Where Your Payment Actually Goes