Description
Product Title:
Excel – Car Loan Calculator
File Details:
- File Format: Microsoft Excel (.xlsx)
- Sheet Name: “Sheet1”
- Compatibility: Works with Microsoft Excel, Google Sheets (with adjustments)
Features:
✅ EMI Calculation: Get precise monthly installment values.
✅ Principal & Interest Breakdown: View how much you pay towards principal & interest each month.
✅ Loan Repayment Schedule: Month-wise amortization table for easy tracking.
✅ Prepayment Option: Estimate savings when making early loan repayments.
✅ Total Interest & Amount Paid: Know exactly how much you’ll pay over the loan tenure.
✅ Yearly Interest Summary: Check how interest accumulates year over year.
Benefits:
✔ Instant Results: No need to manually calculate—just input loan details and get accurate EMI figures.
✔ Time-Saving: Eliminates the need to use online calculators repeatedly.
✔ Better Financial Planning: Helps in deciding loan tenure, interest rates, and prepayment options.
✔ User-Friendly: Requires only basic Excel knowledge—no complex formulas to handle.
Preview of Calculation Fields:
- Car Loan Amount
- Interest Rate (%)
- Loan Tenure (Years & Months)
- Monthly EMI Calculation
- Breakdown of Principal & Interest per Month
- Prepayment Analysis
- Total Loan Repayment Summary
How to Use After Purchase:
💡 Only edit the purple-colored cells—enter:
1️⃣ Loan Amount
2️⃣ Interest Rate (%)
3️⃣ Loan Tenure (Years/Months)
4️⃣ Prepayment Amount (if applicable)
📊 The sheet will instantly calculate your EMI, interest, and repayment details.
Ideal For:
✔️ Car Loan Applicants – Understand EMI payments before taking a loan.
✔️ Finance Professionals – Quick and accurate car loan calculations for clients.
✔️ Students & Researchers – Learn about car loan amortization.
✔️ Anyone Planning to Buy a Car on Loan!
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