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Car Loan Calculator Excel Template

Do you plan to buy a new car? And have you calculated your budget? If you already spare your budget, the next step for you is to find your targeted car. But, what about if your budget is not enough and you want to find a loan for your car? In that case, you might find this Car loan calculator helpful to calculate it roughly before decide the amount of money you want to loan.

Car Title Loans

This is a car loan calculator created in Microsoft Excel is the one you can use for your purpose. It will help you calculate monthly payment, as well as its interest. This calculator is just one application of excel built-in function for monthly payment, PMT(rate,nper,pv,[fv],[type]), where for this car loan payment, you have to put your car loan interest rate for “rate” parameter, your loan period for “nper” parameter, where typically car loan will have a short of payment period, and your car price for “pv” parameter. [fv] and [type] parameters are optional, and default values for those parameters are zero.

Auto Financing Car Loan

There is not much information for this basic financial function, and if you want to understand more about this auto navigator function, just use this function for other loan types and play around with all parameters. There are still plenty of other payments for administration purposes you must spare in your budget. The amount will depend on the bank or finance institution that you plan to apply for loan.

The Equated Monthly Instalment (or EMI) consists of the principal portion of the loan amount and the interest. Therefore, EMI = principal amount + interest paid on the Car Loan. With the salary of Rs. 20,000 per month, you may become eligible for a maximum loan amount of Rs. 3 Lakhs. In case you do not qualify for a new car loan, you can also check your eligibility for a pre-owned car loan.
Download Car Loan Calculator Excel Template
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Compatible with : Microsoft Office Excel, Libra Office, WPS Office, Google WorkSheet
  • Download The Template XLSX File Format
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