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.
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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