A loan repayment schedule shows how each EMI splits between principal and interest until your loan is fully repaid. It helps you track payments, plan your budget, and avoid missed instalments.
- Instalments are usually paid monthly for the full loan tenure.
- Early instalments carry a higher interest share; later ones reduce principal faster.
- An amortisation table lists each instalment number, due date, and closing balance.
Partial prepayments reduce your principal and can lower total interest paid over time.
Missing even one EMI due date can lower your credit score and add extra charges to your loan. A clear repayment schedule prevents this by showing exactly what you owe and when.
