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Rs 10 Lakh Term Loan: Full Amortization Schedule Generator

Published : Aug 31, 2026, 12:02 PM IST

Synopsis

See the full amortization schedule for a ₹10 lakh term loan — month-by-month EMI, the principal-interest split, tenure comparison and a free schedule tool.

By the FlexiLoans Editorial Desk · Reviewed by a business-lending specialist · Updated August 2026

Quick answer: A ₹10 lakh term loan at an indicative 18% p.a. over 36 months carries an EMI of about ₹36,152. The EMI stays fixed, but its split shifts every month. Early instalments carry the most interest. Later ones repay mostly principal. Total interest across the tenure is roughly ₹3,01,486.

In this guide:

How a term loan amortization schedule is built
A full sample schedule for a ₹10 lakh loan
Why early EMIs carry the heaviest interest
How tenure changes your EMI and total interest
The schedule generator tool and eligibility basics

Key takeaways

Every EMI is part interest, part principal — and the mix flips over time.
Interest is charged on your outstanding balance, so it shrinks each month.
A longer tenure lowers your EMI but raises the total interest you pay.
Term loans from FlexiLoans run ₹50,000 to ₹50 lakh, with tenure up to 42 months.

How a term loan amortization schedule actually works

Amortization is just a repayment map. It shows how each EMI clears your loan, month by month, until the balance hits zero.

Most business term loans in India use the reducing-balance method. Lenders regulated by the Reserve Bank of India charge interest only on the amount you still owe. So your interest cost falls as the principal drops.

Each EMI has two parts:

Interest — calculated on the opening balance for that month.
Principal — the rest of the EMI, which actually reduces your debt.

The EMI amount stays the same, but the split between interest and principal changes every single month. That one idea explains the whole schedule. A clear schedule also helps you plan cash flow. You know each month’s outgo well in advance. You can even time big-ticket spending around your slow season.

Sample repayment schedule for a ₹10 lakh term loan

Let us use a clear, realistic example. Loan amount ₹10 lakh. Interest an indicative 18% per annum. Tenure 36 months. That gives an EMI of ₹36,152.

Here is how the first six months break down.

Month	EMI (₹)	Interest (₹)	Principal (₹)	Closing balance (₹)
1	36,152	15,000	21,152	9,78,848
2	36,152	14,683	21,470	9,57,378
3	36,152	14,361	21,792	9,35,586
4	36,152	14,034	22,119	9,13,468
5	36,152	13,702	22,450	8,91,017
6	36,152	13,365	22,787	8,68,230

Indicative figures. ₹10 lakh at 18% p.a. reducing balance, 36-month tenure. Rounded to the nearest rupee.

Notice the pattern. The interest slice drops a little each month. The principal slice grows by the same amount. Zoom out to full years and the shift is dramatic.

Year	Principal paid (₹)	Interest paid (₹)	Balance left (₹)
1	2,75,853	1,57,976	7,24,147
2	3,29,815	1,04,014	3,94,332
3	3,94,332	39,496	0

Indicative, same assumptions as above. Totals may vary by a rupee due to rounding.

In year one you pay ₹1,57,976 in interest; by year three that falls to just ₹39,496. Same EMI, very different make-up.

Why your early EMIs carry the heaviest interest

The reason is simple. Interest is charged on what you still owe.

In month one you owe the full ₹10 lakh. So the interest portion is at its largest. As you repay principal, the base shrinks, and the interest on each following EMI shrinks with it.

Early months: big balance, so a high interest share.
Later months: small balance, so a low interest share.

Longer tenures and higher rates make this front-loading even sharper. On a five-year loan, the first EMIs can be more than half interest. That is why prepaying early — when the balance is high — saves the most money on term loans. It attacks the principal before years of interest can pile up.

How tenure changes EMI, total interest and balance

Tenure is the biggest lever you control. Stretch it out and the EMI feels lighter each month. But you pay for that comfort in total interest.

Tenure	Monthly EMI (₹)	Total interest (₹)	Total repaid (₹)	Balance after 24 months (₹)
24 months	49,924	1,98,178	11,98,178	0
36 months	36,152	3,01,486	13,01,486	3,94,332
42 months	32,264	3,55,099	13,55,099	5,05,664

Indicative. ₹10 lakh at 18% p.a. reducing balance across three tenures.

The trade-off is clear. Moving from 24 to 42 months cuts the EMI by about ₹17,660, but adds roughly ₹1,56,921 in interest. Pick the shortest tenure your monthly cash flow can comfortably handle. As a rule, match the tenure to how long the asset keeps earning for you. A machine that pays back over three years suits a three-year loan. To test combinations quickly, use our business loan EMI calculator before you commit.

Use the amortization schedule generator tool below

Reading a sample is useful. Running your own numbers is better.

The amortization schedule generator tool below lets you set three inputs:

Your loan amount — anything from ₹50,000 upward.
Your interest rate — use the rate your lender quotes.
Your tenure — in months.

The tool below then builds a full month-by-month schedule. You see each EMI, its interest and principal split, and the closing balance for every month. Change any input and the whole schedule updates instantly, so you can compare tenures and rates side by side in seconds.

Term loan eligibility and rates you should expect

Rates and terms vary by lender and profile. A quick reality check helps you plan.

A FlexiLoans business term loan is unsecured and comes with these indicative terms:

Loan amount: ₹50,000 to ₹50 lakh.
Interest: starting around 1% per month (roughly 12%+ p.a.), depending on profile.
Tenure: 12 to 42 months.
Processing fee: 2–3% of the loan.
Disbursal: typically 48–72 hours after approval.

Basic eligibility for most unsecured business loans looks like this:

Business vintage of 1–2 years and monthly turnover of at least ₹2 lakh.
Applicant age between 21 and 65.
A healthy credit score — most lenders prefer 700+, and 720+ helps for unsecured loans. You can check yours at TransUnion CIBIL.
Audited financials, ITR and GST returns for any loan above ₹20 lakh.

A stronger credit profile usually earns a lower rate. Even a small rate cut trims thousands off your total interest. Across the market, indicative rates run from about 9–16% p.a. at banks to 14–30% p.a. at NBFCs and fintech lenders. Always confirm the live rate and fees in writing before you sign.

Frequently asked questions

Q: What does the repayment schedule for a ₹10 lakh term loan look like? At an indicative 18% p.a. over 36 months, the EMI is about ₹36,152. The first EMI splits into roughly ₹15,000 interest and ₹21,152 principal. Interest then falls every month while principal rises. Total interest over the tenure is around ₹3,01,486.

Q: How is the EMI on term loans calculated? Lenders use a standard reducing-balance formula based on your loan amount, monthly interest rate and number of months. Interest applies only to the outstanding balance. The EMI stays fixed, while its interest-principal mix shifts each month.

Q: Does a longer tenure cost more on a ₹10 lakh loan? Yes. A longer tenure lowers your monthly EMI but increases the total interest. In our example, 42 months costs about ₹1,56,921 more in interest than 24 months. Choose the shortest tenure your cash flow allows.

Q: Can I reduce interest by prepaying my term loan? Usually yes. Prepaying early — when the outstanding balance is high — saves the most interest. Check your loan agreement for any foreclosure or part-payment charges before you prepay.

Q: What documents do I need for a ₹10 lakh business loan? Typically KYC, business proof, bank statements and GST returns. For loans above ₹20 lakh, lenders also ask for audited financials and ITRs. Requirements vary, so confirm the exact list with your lender.

Ready to plan your repayment?

A clear schedule turns a big number into a manageable monthly plan. Know your EMI, understand the interest-principal split, and pick a tenure that protects your cash flow. When you are ready, compare options and apply for a business loan with FlexiLoans, or explore more guides on the FlexiLoans blog.