How To Calculate Home Loan Emi In Excel Sheet Step 8 Use Prepayment Option to See Modifications Add prepayment manually in cells G10 and G12 and you will be able to see the changes in the whole row of those both cells You will notice changes in the Updated Interest Total Savings and Updated Amount after entering the prepayment value As a consequence of the findings we can conclude that after making the first prepayments
Step 5 Use Fill Handle to Complete Dataset After inserting the formulas we apply them to the whole sheet Select Cell C8 and put the cursor on the bottom right side of the cell The cursor will change into a small black plus sign called the Fill Handle Double click on the Fill Handle sign or drag it down to Cell C246 Repeat the same procedure for the rest of the formulas Things to Remember Understanding EMI Equated Monthly Installment or EMI for short is a set monthly payment made by a borrower to a lender on a particular date EMIs are frequently used to pay back loans including personal auto and home loans Input Data You must collect the required input data before you can calculate the EMI in Excel The sum of the loan the interest rate and the
How To Calculate Home Loan Emi In Excel Sheet
How To Calculate Home Loan Emi In Excel Sheet
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Here is a link to download the free excel sheet Download Home Loan EMI Calculator 2025 Free Excel Sheet In this excel you have two types of amortization tables One is if you opt for prepayment along with regular home loan EMI and another one is regular home loan amortization Some unexpected risks of committing to long term home loans Calculate the Loan Tenure in Months Next convert the loan tenure from years to months In cell B6 enter the formula B3 12 This converts the 20 year tenure to 240 months Use the PMT Function to Calculate EMI Finally you can calculate the EMI using the PMT function In cell B4 enter this formula PMT B5 B6 B1
This article provide the information related to the home loan EMI Calculator Excel and provides a step by step approach to using a free Excel based calculator By downloading our free Excel sheet Home Loan EMI Calculator Excel you can explore these methods further and determine which one works best for your financial goals By leveraging Excel to calculate your home loan EMI you gain a powerful tool for budgeting planning and monitoring your loan repayment journey With the ability to customise formulas and analyse repayment schedules Excel empowers you to make informed financial decisions and stay on track towards achieving your homeownership goals
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Home Loan EMI Calculator Principal Low Interest High First Month As can be seen from above screenshot you pay total of Rs 39 19 348 31 during your entire Home Loan tenure Principal Amount Rs 30 00 000 Interest Amount Rs 9 19 348 31 Also we can see that the interest amount is high initially and it decreases with time The highest Rs 17 375 in the first month How to calculate home loan EMI on an Excel sheet The home loan EMI calculation formula on the Excel sheet helps you to calculate the present value of payments PMT which is a simpler way of calculating the EMI The formula r nper pv Where R here stands for rate of interest 8 50 per cent
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