Simple Interest Loan Calculator
Calculate loan payments and track repayment schedules with simple interest formulas and payment history.
This spreadsheet calculates simple interest loans and manages payment tracking in one place. The Calculator sheet computes loan terms, interest amounts, and payment schedules based on principal, rate, and duration. The Payment Tracker sheet records each payment with dates and balances, while the Help sheet explains how simple interest works and guides you through setup.
Ideal for personal lenders, small business owners, or anyone managing informal loans. It removes the need for financial calculators or loan software by providing transparent, formula-driven computations you can audit and customize.
What's inside
- Automatic interest and payment calculations using simple interest formula
- Payment tracker with date-stamped transaction history
- Borrower information and loan term management
- Built-in help documentation for setup and usage
- Adjustable loan parameters (principal, rate, duration)
Download this template
.xlsx · 3 sheets · included with lifetime access
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