Description
Product Title:
Excel – Bike 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 monthly contribution towards principal & interest.
✅ Loan Repayment Schedule: Detailed month-wise loan amortization.
✅ Prepayment Option: Estimate savings with early loan repayments.
✅ Total Interest & Amount Paid: Know exactly how much you pay over the loan tenure.
✅ Yearly Interest Summary: Check yearly interest breakup.
Benefits:
✔ Instant Results: No complex formulas—just enter details and get accurate EMI calculations.
✔ Saves Time: No need to use online calculators repeatedly.
✔ Financial Planning: Helps in making informed decisions on loan repayment and prepayments.
✔ User-Friendly: Easy-to-use, requiring only basic Excel knowledge.
Preview of Calculation Fields:
- Principal 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 your:
1️⃣ Loan Amount
2️⃣ Interest Rate (%)
3️⃣ Loan Tenure (Years/Months)
4️⃣ Prepayment Amount (if applicable)
📊 The sheet will automatically calculate your EMI, interest, and repayment details.
Ideal For:
✔️ Bike Loan Applicants – Know EMI before taking a loan.
✔️ Finance Professionals – Quick calculations for clients.
✔️ Students & Researchers – Learning loan amortization concepts.
✔️ Anyone Planning to Buy a Bike on Loan!
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