With our Excel calculation module you can easily calculate the interest that you pay for a personal loan or a revolving credit . To calculate your interest in our Excel calculation module, you do need a number of information about your loan, these are the credit amount that you have borrowed, the term and the installment amount that you pay monthly. If you enter this information, the interest is easy to calculate and you will get a good indication of the interest that you pay monthly and annually for your loan.
If you want to calculate the interest of a personal loan in our Excel calculation module, it is important that the original loan amount is entered and the original term.
If you want to calculate the interest of a revolving credit in our Excel calculation module, you can suffice with the current outstanding balance and the (theoretical) term of your revolving credit.
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