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Definition
An amortisation schedule lists each instalment of a reducing-balance loan, showing how much goes to interest, how much to capital, and the remaining principal after each payment. Early payments are interest-heavy; later ones are capital-heavy, because interest is charged on a shrinking balance.
In plain terms
It is the loan’s life story, row by row — exactly where every payment goes and what you still owe at each stage.
Why it matters for your company
Ask for the amortisation schedule up front so you can see the true shape of the loan. Generate one with the loan repayment calculator. See front-loaded interest.
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See indicative terms on business loans, or apply online in minutes.
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