Loan Calculator Excel Download

Loan Calculator

Download an Excel template to manage your loan payments effectively. Fill out the information below and calculate your loan details.

Loan Amount ($) Annual Interest Rate (%) Loan Term (Years) Monthly Payment ($) Total Payment ($) Total Interest ($)

function calculateLoan(){ const amount = parseFloat(document.getElementById(“loanAmount”).value); const rate = parseFloat(document.getElementById(“interestRate”).value) / 100 / 12; const term = parseFloat(document.getElementById(“loanTerm”).value) * 12; if(isNaN(amount) || isNaN(rate) || isNaN(term) || amount <= 0 || rate <= 0 || term { csvContent += row.join(“,”) + “\n”; }); const encodedUri = encodeURI(csvContent); const link = document.createElement(“a”); link.setAttribute(“href”, encodedUri); link.setAttribute(“download”, “loan_calculator_results.csv”); document.body.appendChild(link); link.click(); }

This Loan Calculator allows you to quickly calculate monthly payments, total payments, and interest. After filling out the form, you can download your results as an Excel sheet for easier tracking and record-keeping.

Example Calculation

For a loan amount of $10,000, with an interest rate of 5% for 5 years, the monthly payment is $188.71, the total payment is $11,322.65, and the total interest paid is $1,322.65.

Why Use a Loan Calculator?

By using this tool, you can make informed decisions about loan terms and payments before you commit to a loan. It also helps you understand how interest impacts your overall loan cost.

FAQs

What is the best loan term? Shorter loan terms usually mean higher monthly payments but lower overall interest. Longer terms reduce monthly payments but increase interest paid over time.

Loan Calculator

Example Calculation

Why Use a Loan Calculator?

FAQs

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