This Loan Calculator excel sheet is a very useful tool for loan management from the borrower's side. This tool is an efficient way of calculating debt repayments to be paid for a loan.
This template helps to calculate the interest that should be paid and also allows you to see the total outstanding loan balance due month on month. The loan calculator makes all the necessary calculations for a maximum of 360-month/30-year period.
To use the model, just enter the loan amount and start date, the term of the loan and the annual interest rate, and all other data will be calculated automatically. You can also choose between Amortization or Annuity for the calculation type. You will also see the monthly interest and principal totals and total principal and interest displayed graphically in automatically generated charts.
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Feel free to contact our team in case you need support with budgeting your company. Our team provides financial modeling services to companies around the world. Actually, this is our core business. We have a lot of experience with creating budgets for service companies and know the specifics of the business.
Comprehensive and simple tool