Download Loan Amortization Excel Template

Contents

Popular Categories in Excel Template
Trednding in Excel Template

Holiday and Observance Calendar

There is no debating that computers have added value to our lives. They’ve not only …

Read More

Income statement

An income statement or profit and loss statement is an essential where the key value in …

Read More

Copa America Schedule and Office Pool

Copa America Centenario is an CONMEBOL and CONCACAF tournament which held to commemorate 100-year anniversary …

Read More

Marketing Budget

A marketing budget is a target amount of cost that is essential to promote existing …

Read More
Search
Generic filters

Loan Amortization is gradual repayment of a debt over a period of time. In order to amortize a loan, your payments must be large enough to pay not only the interest that has accrued but also the principal.

In simple terms, Amortization happens when you pay off debt over time with regular, equal payments. With each monthly/quarterly payments portion of the money goes to the principal amount and other to interest amounts.

Generally, your interest costs are their highest at the beginning of loan. Especially with long-term loans, the majority of each periodic payment is taken as an interest expense. You only pay off a small piece of principle amount.

As time goes on, more and more of payment goes towards your principal (and you pay less in interest each month).

Amortization Schedule

Amortizing a loan usually means establishing series of equal monthly payments. This will provide lender with the following:

  1. Interest base on each month’s unpaid principal balance, and
  2. Principal repayments that cause the unpaid principal balance zero at the end of the loan.

Amortization Calculator

The amount of each monthly payment is identical. The interest component of each payment will however be decreasing. The principal component of each payment will be increasing during life of the loan.

An amortization schedule is a table with row for each payment period of an amortized loan.

In other words, a schedule which shows repayment broke down by interest and amortization of the loan balance.

I have create an easy to use Loan Amortization Template with predefine formulas. You need to input your loan amounts and dates and it will calculate everything.

Content of Loan Amortization Template

The first row of sheet consists of heading of the sheet.

This template consists of 2 major sections:

  1. Data Input Section
  2. Payment Schedule Section

1. Data Input Section

Moreover, Data input section consists of two columns with predefined formulas. You just need to enter the data in the column on the left side.

So In this section, you will input the Principal amount you want to borrow or you are planning to borrow. Then comes the rate of interest of the lending bank or institutions.

2. The Payment Schedule Section

Thus, This section consists of the payment schedule. It will be displayed once you enter the details in the data input section.

Above all, The payment schedule will automatically display the scheduled dates of repayments, the beginning balance, total payment, interest & principal payments, & end balance for each period.

To use this free Excel Template, you should have Microsoft Office/ Microsoft Excel. You can only use this template if you have these applications in your system. or Use, Google Sheets. 

After installing Excel or Spreadsheet, download the xlsx file of this template to use it

Once extracted, you can open the file using Excel and start entering data or customizing the template.

Click The Button Below To Download Loan Amortization Excel Template

Instruction :

All Excel templates and tools are sole property of xlsxtemplates.com. User can only download and use the excel templates for their Personal use only. All templates provided by XLSX templates are free and no payment is asked. However, you are not allowed to distribute or share in any other website for sole purpose of generating revenue from it.

 You can also download and use our 1000 Best PowerPoint Presentation Templates and 500 Resume Samples from PPTXTemplates.com  Completely Free. All our templates are designed by Professionals

Popular Excel Templates: