You are here: Home Tools Glossary Table Loan

Table Loan

A table loan is repaid by periodic payments of principal and interest over the loan term, resulting in a declining principal balance and eventual repayment in full. 

A table loan requires the same payment in every installment but the repayment installments are divided unequally between principal and interest.

In the early years of a 30 year loan a higher portion of the repayment installment goes toward payment of interest than toward reducing the principal. As the loan is gradually repaid an increasing portion of each repayment installment is allocated to principal until the principal is fully repaid.

By downloading a Microsoft Excel spreadsheet, you can calculate your own amortisation schedule using table loan here

Note - if your browser opens a read-only version of the spreadsheet, chose to save a copy and enter your figures in your copy of the file.