How will you use this calculator?

It is very easy to use this calculator.

Enter the following values to use this calculator:

1) Loan Amount
2) Annual Percentage Rate (APR)
3) Loan Terms (Years)
4) Loan Date (mm/dd/yy)
5) Payment type: It is a drop-down list. You will get two types of payments. End of the Period
of the Period. Choose one that suits your loan
6) Payment frequency: It is also a drop-down list. You can choose payment frequencies: Week
weekly (14 Days), Semi-monthly (15 Days), Monthly (1 Month), Bi-monthly (2 Months), Quarterl
Semi-annually (6 Months), Yearly (12 Months)
7) Interest Compounding Frequency: In most cases, your Payment frequency will be equal to
Compounding Frequency. In some countries, for example Canada, Interest is compounded semi
payment is done monthly. So, except rare cases, your Payment frequency will be always equal to
Compounding Frequency.

There are no other values to input. The rest will be handled by the Calculator.
ments. End of the Period and Beginning

ment frequencies: Weekly (7 Days), Bi-

hly (2 Months), Quarterly (3 Months),

equency will be equal to Interest

est is compounded semi-annually but
y will be always equal to Interest

ator.
 Flat and Reducing Rate of Interest Calculator in Excel

Input Values Flat Rate Inte

Loan Amount $720,000.00 Monthly Principal Repaym
Annual Percentage Rate (APR) 50% Monthly Interest Payment
Loan Terms (Years) 3 Total Monthly Payments
Loan Date (mm/dd/yy) Total Payments
Payment Type End of the Period Total Interest Paid
Payment Frequency Monthly Total Interest Percentage
Interest Compounding Frequency Monthly

Calculated Values Reducing Rate of

Scheduled Monthly Payment $38,962.02 Total Payments
Scheduled Number of Payments 36 Total Interest Paid
Interest Rate (Per Period) 0.04166666666667 Total Interest Percentage
Payment Type 0

No. Payment Beginning Scheduled Interest

Date Balance Payment Paid

1 1/30/1900 $720,000.00 $38,962.02 $30,000.00

2 2/28/1900 $711,037.98 $38,962.02 $29,626.58
3 3/30/1900 $701,702.55 $38,962.02 $29,237.61
4 4/30/1900 $691,978.13 $38,962.02 $28,832.42
5 5/30/1900 $681,848.54 $38,962.02 $28,410.36
6 6/30/1900 $671,296.87 $38,962.02 $27,970.70
7 7/30/1900 $660,305.56 $38,962.02 $27,512.73
8 8/30/1900 $648,856.27 $38,962.02 $27,035.68
9 9/30/1900 $636,929.93 $38,962.02 $26,538.75
10 10/30/1900 $624,506.66 $38,962.02 $26,021.11
11 11/30/1900 $611,565.75 $38,962.02 $25,481.91
12 12/30/1900 $598,085.64 $38,962.02 $24,920.23
13 1/30/1901 $584,043.86 $38,962.02 $24,335.16
14 2/28/1901 $569,417.00 $38,962.02 $23,725.71
15 3/30/1901 $554,180.69 $38,962.02 $23,090.86
16 4/30/1901 $538,309.53 $38,962.02 $22,429.56
17 5/30/1901 $521,777.08 $38,962.02 $21,740.71
18 6/30/1901 $504,555.77 $38,962.02 $21,023.16
19 7/30/1901 $486,616.91 $38,962.02 $20,275.70
20 8/30/1901 $467,930.59 $38,962.02 $19,497.11
21 9/30/1901 $448,465.68 $38,962.02 $18,686.07
22 10/30/1901 $428,189.74 $38,962.02 $17,841.24
23 11/30/1901 $407,068.96 $38,962.02 $16,961.21
24 12/30/1901 $385,068.14 $38,962.02 $16,044.51
25 1/30/1902 $362,150.63 $38,962.02 $15,089.61
26 2/28/1902 $338,278.22 $38,962.02 $14,094.93
27 3/30/1902 $313,411.13 $38,962.02 $13,058.80
28 4/30/1902 $287,507.91 $38,962.02 $11,979.50
29 5/30/1902 $260,525.39 $38,962.02 $10,855.22
30 6/30/1902 $232,418.59 $38,962.02 $9,684.11
31 7/30/1902 $203,140.68 $38,962.02 $8,464.20
32 8/30/1902 $172,642.86 $38,962.02 $7,193.45
33 9/30/1902 $140,874.29 $38,962.02 $5,869.76
34 10/30/1902 $107,782.03 $38,962.02 $4,490.92
35 11/30/1902 $73,310.93 $38,962.02 $3,054.62
36 12/30/1902 $37,403.54 $38,962.02 $1,558.48
ator in Excel

Flat Rate Interest (Summary)

thly Principal Repayment 20000.00
thly Interest Payments 30000.00
l Monthly Payments 50000.00
l Payments 1800000.00
l Interest Paid 1080000.00
l Interest Percentage 150%

Reducing Rate of Interest (Summary)

l Payments 1402632.67
l Interest Paid 682632.67
l Interest Percentage 94.81%

Principal Ending
Paid Balance
$720,000
$8,962.02 $711,037.98
$9,335.44 $701,702.55
$9,724.41 $691,978.13
$10,129.60 $681,848.54
$10,551.66 $671,296.87
$10,991.32 $660,305.56
$11,449.29 $648,856.27
$11,926.34 $636,929.93
$12,423.27 $624,506.66
$12,940.91 $611,565.75
$13,480.11 $598,085.64
$14,041.78 $584,043.86
$14,626.86 $569,417.00
$15,236.31 $554,180.69
$15,871.16 $538,309.53
$16,532.45 $521,777.08
$17,221.31 $504,555.77
$17,938.86 $486,616.91
$18,686.31 $467,930.59
$19,464.91 $448,465.68
$20,275.95 $428,189.74
$21,120.78 $407,068.96
$22,000.81 $385,068.14
$22,917.51 $362,150.63
$23,872.41 $338,278.22
$24,867.09 $313,411.13
$25,903.22 $287,507.91
$26,982.52 $260,525.39
$28,106.79 $232,418.59
$29,277.91 $203,140.68
$30,497.82 $172,642.86
$31,768.57 $140,874.29
$33,092.26 $107,782.03
$34,471.10 $73,310.93
$35,907.40 $37,403.54
$37,403.54 $0.00
 Calculation of EMI with Prepayment Option

Annual Interest Rate 8.00%

Years 1
Number of Payment Per Year 12
Original Balance $ 150,000.00
Prepayment $ 10,000.00

Month EMI Interest Principal Balance Paid Loan

0 $ 140,000.00 0.00%
1 (12178.38) (933.33) (11245.05) $ 128,754.95 8.03%
2 (12178.38) (858.37) (11320.01) $ 117,434.94 16.12%
3 (12178.38) (782.90) (11395.48) $ 106,039.46 24.26%
4 (12178.38) (706.93) (11471.45) $ 94,568.01 32.45%
5 (12178.38) (630.45) (11547.93) $ 83,020.08 40.70%
6 (12178.38) (553.47) (11624.91) $ 71,395.17 49.00%
7 (12178.38) (475.97) (11702.41) $ 59,692.76 57.36%
8 (12178.38) (397.95) (11780.43) $ 47,912.33 65.78%
9 (12178.38) (319.42) (11858.96) $ 36,053.36 74.25%
10 (12178.38) (240.36) (11938.02) $ 24,115.34 82.77%
11 (12178.38) (160.77) (12017.61) $ 12,097.73 91.36%
12 (12178.38) (80.65) (12097.73) 0.00 100.00%
 Simple Interest Loan Calculator

Loan Particulars
Loan Amount (p) 250000.00
Annual Rate of Interest (r) 60% You can change the values of D5, D6,
and D7 cells and the rest will be
Total Payment Time (Year) 2 calculated using Excel formula.
No. of Periods (n) 24.00
Installment Structure Monthly
Monthly Installment 18117.73

Payment Sheet
Equated Monthly Principal
Period Opening Balance Interest
Installment (EMI) Amount
1.00 250000.00 18117.73 12500.00 5617.73
2.00 244382.27 18117.73 12219.11 5898.61
3.00 238483.66 18117.73 11924.18 6193.54
4.00 232290.12 18117.73 11614.51 6503.22
5.00 225786.90 18117.73 11289.35 6828.38
6.00 218958.52 18117.73 10947.93 7169.80
7.00 211788.72 18117.73 10589.44 7528.29
8.00 204260.43 18117.73 10213.02 7904.70
9.00 196355.73 18117.73 9817.79 8299.94
10.00 188055.79 18117.73 9402.79 8714.94
11.00 179340.86 18117.73 8967.04 9150.68
12.00 170190.17 18117.73 8509.51 9608.22
13.00 160581.96 18117.73 8029.10 10088.63
14.00 150493.33 18117.73 7524.67 10593.06
15.00 139900.27 18117.73 6995.01 11122.71
16.00 128777.56 18117.73 6438.88 11678.85
17.00 117098.71 18117.73 5854.94 12262.79
18.00 104835.92 18117.73 5241.80 12875.93
19.00 91959.99 18117.73 4598.00 13519.73
20.00 78440.27 18117.73 3922.01 14195.71
21.00 64244.56 18117.73 3212.23 14905.50
22.00 49339.06 18117.73 2466.95 15650.77
23.00 33688.29 18117.73 1684.41 16433.31
24.00 17254.98 18117.73 862.75 17254.98
Total 434825.40 184825.40 250000.00
 Given Amount 250000.00
Received Amount 434825.40

the values of D5, D6, Profit 184825.40

d the rest will be
Excel formula.

Closing 14492.00
Balance
244382.27 43791.00
238483.66 2257.00
232290.12
225786.90
218958.52
211788.72
204260.43
196355.73
188055.79
179340.86
170190.17
160581.96
150493.33
139900.27
128777.56
117098.71
104835.92
91959.99
78440.27
64244.56
49339.06
33688.29
17254.98
0.00