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It will calculate how much money you need to pay monthly along with a chart of how much amount is the principal amount and how much is the interest paid. All it requires you to fill in the loan amount along with the years or the months that loan is expected to be paid off in, the interest rate (if you are unsure about the interest rate you can always check the get today’s interest rate option – It may differ country to country) and the date on which the loan started off.
#Simple loan calculator microsoft excel templates download#
This calculator can be found online on various websites or you can download the application on your cell phone or tablet as well.
![simple loan calculator microsoft excel templates simple loan calculator microsoft excel templates](https://cdn.vertex42.com/ExcelTemplates/Images/balloon-loan-calculator_large.gif)
This calculator helps an individual calculate the monthly or yearly amount to be paid. To calculate how much money one has to pay back on a monthly or yearly basis, one can make use of the Loan Calculator.
![simple loan calculator microsoft excel templates simple loan calculator microsoft excel templates](https://binaries.templates.cdn.office.net/support/templates/en-us/lt23154796_quantized.png)
Moreover, people who are interested in knowing how long it will take them to pay off the borrowed money with their chosen interest rate and installment amount can also use a loan calculator. The borrower should be aware of how much interest he is paying along with repayment of the borrowed money.