In this tutorial, we are going to learn how to build a simple loan calculator application in Excel.
If you ever wanting to take out a car loan or a mortgage loan, it is always a good to figure out how much interest payment over the periods of time based on the amount of loan you will be taking out.
There are many loan calculators out there online today, but unfortunately, most of them gives you little or none customization and visualization. So today, we are going to build a loan calculator in Excel with a payment breakdown table, a bar chart visually presents your loan payment summary, and an input form to enter the numbers to perform the calculation.
A loan calculator is a financial tool to determine the estimated payments based on the loan amount, interest rates, and terms
To download the Loan Template –> LINK
To download the Finalized File –> LINK