Amortization
Gradually repaying a loan through regular payments across its term.
Finance & Accounting
Loan Calculator Glossary
Terms for working out instalments and interest on a loan.
5 terms · Updated 12 November 2026
A1 term
E1 term
EMI
Equated Monthly Instalment. A fixed monthly payment covering both principal and interest.
I1 term
Interest Rate
The percentage charged on the borrowed amount, usually stated per year.
P1 term
Processing Fee
A one-time charge by the lender for handling a loan application.
R1 term
Reducing Balance Method
Calculating interest only on the principal that remains after each payment.
No matching terms found.
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