A personal loan amortization schedule is simply the table of payment schedule of your personal loan. It shows the amount you’ve borrowed in the beginning and the repayment period that you’ve opted. The amortization schedule shows a schedule of your payments due and the new balance after each payment.
A personal amortization schedule provides the break-up of these amounts repaid towards principal and interest along with their respective balances through every year of the loan.
Simply, an Amortization schedule is a map towards the repayment of your loan which denotes the milestones and the major points you should be at through the cycle.