What is meant by a home loan amortization schedule?

You may have come across the term ‘home loan amortization schedule’ often when using a home loan EMI calculator. The amortization schedule essentially is a table explaining the break-up of your repayment through EMIs. Generally speaking, Iit would include the following: 

  • The balance left before the payment of each EMI 

  • The amount of EMI you can pay 

  • How much the EMI is contributing to the repayment of the principal amount 

  • How much the EMI is contributing towards the overall interest amount 

  • The loan balance remaining after you have paid an EMI