"AmortizeMaster: Comprehensive Loan Schedule by Jatin Goel"

This is an easy to use loan amortization spreadsheet for all individuals who have taken on a loan or who are planning to take a loan from a bank or any other financial institution.

It's straightforward, just enter the input values in the BLUE cells and the spreadsheet will automatically calculate your payments per month for the loan and how much of principle and interest you are paying.
In EMI or PMT, you just have to adapt the three values in BLUE i,e. amount borrowed, tenure, and rate of interest.

I have created the spreadsheet taking the amount of 4 lac and a tenure of 7 years with an interest rate of 11%.

The spreadsheet is fully formulated and will calculate all the effective calculations i.e. Payment per month, interest p.m and principle p.m.

Why is this Loan Amortization Spreadsheet helpful?

With the help of this spreadsheet you can easily evaluate how much you will be paying each and every month and you can manage your monthly budget effectively. You can also calculate what total extra interest cost you are going to pay on different tenures on your initial borrowing, and can evaluate it with your different options available offered in the market.