The loan amortization schedule template is designed to help you stay on top of your finances. The easy-to-use and understand template paints a clear picture of your loan status and helps you budget your money for the future. The loan amortization schedule template saves you money in more ways than one, as you can access it instantly on this page for free.
Simply click on the download link and continue reading below to learn how properly use the loan amortization schedule template immediately!
About the Loan Amortization Schedule Template
Once you’ve downloaded the loan amortization schedule, you’ll open the spreadsheet in Microsoft Excel. Before entering any information, we suggest that you save a blank copy to your hard drive.
The first step in filling in the loan amortization schedule template is to add the monetary values of the loan, including the loan amount, annual interest rate, loan period in years, number of payments per year, start date of loan, and optional extra payments. Next, fill in the “loan summary” portion by adding the scheduled payment, schedule number of payments, actual number of payments, total early payments and total interest. You will complete the top section of the loan amortization schedule template by inputting the name of the lender.
The body of the loan amortization schedule template includes the following fields:
- Payment Number
- Payment Date
- Beginning Balance
- Schedule Payment
- Extra Payment
- Total Payment
- Principal
- Interest
- Ending Balance
- Cumulative Interest
The loan amortization schedule template also serves as a calculator. Once all of the proper financial information regarding the loan has been input in the correct sections, the template will reveal the new figures in the body. This will allow you to keep track of all aspects of the loan, including how far away you are from paying it off.
The loan amortization schedule template is perfect for home loans, car loans, personal loans and much more. Save time and money by downloading the loan amortization schedule template for free right here at TemplateHaven.com today!
Download: Loan Amortization Schedule
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