How to Create a Reducing Balance EMI Calculator in Excel | Free Template

Learn how to create a reducing balance emi calculator in excel. You can download the emi calculator workbook template using the link below. We also highly encourage you to reach out to us with your problems and queries through comments or our social media pages linked below.
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***Make a copy of the spreadsheet for editing purposes and PLEASE SUBSCRIBE!!
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[@thilinabandara4861]

Thank you very much ❤

[@xlpedia]

You're welcome 😊

[@innayasharma2111]

Can you please make same video for calculating emi for 5 years

[@xlpedia]

You can just change the Number of EMIs (nper) from 12 to 5*12=60, increase the month series from 1 to 12 to 1 to 60, and autofill the formulas. Anyway, to save you some time, I just quickly made one for you. Find the link in the description.

[@NidhiMangrolaVekaria]

How to lock the function

[@xlpedia]

If you mean locking the cell reference, press F5. But if you want to protect the formula from being edited, protect the formula cell instead. Select the formula cell, then right-click and go to Format Cells (Ctrl+1), go to the Protection tab, check the Locked checkbox and click OK. Now protect the worksheet from the Review tab.

[@carlchristopher2534]

Is there a way to add the ability to see what would happen if a person made a higher payment on a given month.

[@xlpedia]

Well, you can add a 'Special Payments' column just before the Total Payment column and link it in the calculation of Total Payment.

[@sameernarkhede3306]

Can you make loan sheet for me? I can explain if we can communicate.

[@xlpedia]

Ok. You can reach out to me via Facebook or Instagram. But, it'd be helpful if you just gave a glimpse of the requirements for your loan sheet.