Loan Amortisation Schedule

There are, and some are fine. The difference is what has been checked. This file was built from scratch, then every formula in it was recalculated by a separate checker that compares each result against an independently worked-out answer — 102 of them here. A template that looks right and totals wrong is worse than no template at all, and that is the usual failing of one downloaded from a search result.

It also opens with sample rows already filled in, so you can see every formula working before you touch it, and it is set up to print without fighting the page setup. No watermark, and you can use it commercially.

An amortisation schedule shows how each loan payment is split between interest and paying down what you owe. This Excel template works out the monthly payment with the PMT function, then lays out every payment with its interest, principal and remaining balance.

Change the loan amount, annual interest rate or term and the whole schedule rebuilds, along with the total interest and the total you will repay.

Change the three shaded inputs below the table. Every payment row, the interest split and the totals recalculate from them.

The file opens with sample rows so you can see every formula working before you change anything. Type your own figures over them. When you need more rows, insert them inside the existing block rather than underneath it, so the totals keep covering every row.

Shaded, boxed cells below the table are settings the formulas read from. Change those first — every row that depends on them updates at once.