Home Loan Emi Calculator Excel Sheet Free Download

Calculate your monthly EMI payments instantly and download our free Excel sheet for offline calculations. Get accurate results with our advanced home loan calculator.

Download Free Excel Sheet

Module A: Introduction & Importance of Home Loan EMI Calculator Excel Sheet

A home loan EMI (Equated Monthly Installment) calculator Excel sheet is an essential financial tool that helps prospective homebuyers understand their monthly payment obligations before committing to a home loan. This free downloadable resource provides transparency in loan repayment planning by breaking down complex financial calculations into simple, understandable figures.

The importance of using an EMI calculator cannot be overstated in today’s real estate market where loan amounts often run into crores and repayment periods span decades. According to the Reserve Bank of India, home loans constitute nearly 50% of all retail loans in India, making proper financial planning crucial for millions of families.

Key benefits of using our free Excel sheet:

• Accurate monthly payment calculations including both principal and interest components
• Year-wise amortization schedule showing how your loan balance decreases over time
• Comparison tools to evaluate different loan offers from various banks
• Prepayment scenario analysis to understand how extra payments affect your loan tenure
• Tax benefit calculations under Section 24 and Section 80C of the Income Tax Act

Module B: How to Use This Home Loan EMI Calculator

Our interactive calculator and free Excel sheet are designed for both financial novices and experienced borrowers. Follow these step-by-step instructions to get the most accurate results:

1. Enter Loan Amount: Input the total loan amount you’re considering (e.g., ₹50,00,000 for a ₹50 lakh loan). This should be the actual amount you need to borrow, not the property value.
2. Set Interest Rate: Enter the annual interest rate offered by your bank. For example, 8.5% would be entered as 8.5 (not 0.085). Current rates typically range between 8.0% to 9.5% depending on the lender and your credit profile.
3. Select Loan Tenure: Choose your preferred repayment period in years. Most home loans in India have tenures between 15 to 30 years. Remember that longer tenures mean lower EMIs but higher total interest paid.
4. Add Processing Fee: Input the processing fee percentage (usually 0.5% to 2% of the loan amount). This one-time fee is often overlooked but can significantly impact your total cost.
5. Include Prepayments (Optional): If you plan to make lump-sum prepayments, enter the amount and the year when you expect to make this payment. This helps you see how prepayments can reduce your loan tenure or EMI.
6. Review Results: The calculator will instantly display your monthly EMI, total interest payable, and total amount payable over the loan term. The amortization chart shows how your payments are split between principal and interest over time.
7. Download Excel Sheet: Click the download button to get our comprehensive Excel template that includes all these calculations plus additional features like:
   • Year-wise interest and principal breakdown
   • Tax benefit calculations
   • Comparison between different loan offers
   • Prepayment scenario analysis

Pro Tip: Use the calculator to compare different scenarios. For example, see how increasing your down payment affects your EMI, or how choosing a slightly shorter tenure can save you lakhs in interest payments over the life of the loan.

Module C: Formula & Methodology Behind the Calculator

The home loan EMI calculation is based on the standard amortization formula used by all major financial institutions. Our calculator uses the following precise mathematical methodology:

1. EMI Calculation Formula

The basic formula to calculate EMI is:

EMI = [P × r × (1 + r)ⁿ] / [(1 + r)ⁿ – 1]

Where:

• P = Principal loan amount
• r = Monthly interest rate (annual rate divided by 12 and converted to decimal)
• n = Total number of monthly installments (loan tenure in years × 12)

2. Monthly Interest Rate Conversion

The annual interest rate (let’s say 8.5%) is first converted to a monthly rate and decimal form:

Monthly rate (r) = (Annual rate / 12) / 100
For 8.5%: r = (8.5 / 12) / 100 = 0.007083

3. Total Number of Payments

The loan tenure in years is converted to months:

n = Loan tenure × 12
For 20 years: n = 20 × 12 = 240 months

4. Amortization Schedule Calculation

For each payment period, we calculate:

• Interest component = Current balance × monthly rate
• Principal component = EMI – interest component
• New balance = Previous balance – principal component

5. Processing Fee Calculation

Processing fee = (Loan amount × processing fee percentage) + GST (currently 18%)

6. Prepayment Impact Calculation

When prepayments are made:

1. The prepayment amount is first used to cover any outstanding interest
2. The remaining amount reduces the principal
3. The loan is then re-amortized with either:
   • Reduced EMI (tenure remains same), or
   • Reduced tenure (EMI remains same) – this is our default calculation

7. Tax Benefit Calculations

Our Excel sheet includes calculations for:

• Section 24 benefit: Up to ₹2,00,000 deduction on interest paid (for self-occupied property)
• Section 80C benefit: Up to ₹1,50,000 deduction on principal repayment
• Section 80EEA: Additional ₹1,50,000 deduction for first-time homebuyers (subject to conditions)

All calculations in our tool are performed with precision up to 8 decimal places to ensure accuracy, and the results are rounded to the nearest rupee for display purposes.

Module D: Real-World Examples & Case Studies

To help you understand how different factors affect your home loan, we’ve prepared three detailed case studies with specific numbers. These examples demonstrate how our calculator and Excel sheet can help you make informed decisions.

Case Study 1: The First-Time Homebuyer (₹50 Lakh Loan)

Parameter	Value
Loan Amount	₹50,00,000
Interest Rate	8.5% p.a.
Loan Tenure	20 years
Processing Fee	1% + GST
Prepayment	None

Results:

• Monthly EMI: ₹43,391
• Total Interest: ₹54,13,840
• Total Payment: ₹1,04,13,840
• Processing Fee: ₹59,000 (₹50,000 + ₹9,000 GST)

Key Insights:

For this typical first-time homebuyer scenario, the total interest paid (₹54.14 lakhs) is actually higher than the principal amount (₹50 lakhs). This demonstrates why it’s crucial to:

• Consider making prepayments when possible
• Negotiate for the lowest possible interest rate
• Choose the shortest tenure you can comfortably afford

Case Study 2: The Upgrader with Prepayment (₹75 Lakh Loan)

Parameter	Value
Loan Amount	₹75,00,000
Interest Rate	8.25% p.a.
Loan Tenure	25 years
Processing Fee	0.75% + GST
Prepayment	₹10,00,000 after 5 years

Results Without Prepayment:

• Monthly EMI: ₹58,025
• Total Interest: ₹1,04,07,500
• Total Payment: ₹1,79,07,500

Results With Prepayment:

• New Loan Tenure: 18 years 7 months (reduced by 6 years 5 months)
• Total Interest Saved: ₹28,45,200
• Total Payment: ₹1,50,62,300

Key Insights:

This example shows the dramatic impact of prepayments. By making a ₹10 lakh prepayment after 5 years:

• The loan tenure is reduced by nearly 6.5 years
• Total interest saved is ₹28.45 lakhs
• The effective interest rate drops from 8.25% to about 7.1%

This demonstrates why financial planners recommend making lump-sum prepayments whenever possible, especially in the early years of the loan when the interest component is highest.

Case Study 3: The Luxury Home Buyer (₹1.5 Crore Loan)

Parameter	Value
Loan Amount	₹1,50,00,000
Interest Rate	8.75% p.a.
Loan Tenure	30 years
Processing Fee	1% + GST (capped at ₹10,000)
Prepayment	₹20,00,000 after 10 years

Results Without Prepayment:

• Monthly EMI: ₹1,17,550
• Total Interest: ₹2,43,18,000
• Total Payment: ₹3,93,18,000

Results With Prepayment:

• New Loan Tenure: 20 years 8 months (reduced by 9 years 4 months)
• Total Interest Saved: ₹1,02,35,000
• Total Payment: ₹2,90,83,000

Key Insights:

For high-value loans, the impact of prepayments is even more pronounced:

• The prepayment reduces the tenure by nearly a decade
• Interest savings exceed ₹1 crore
• The effective interest rate improves from 8.75% to about 7.3%

This case also highlights the importance of negotiating processing fee caps for large loans, as the standard 1% would have been ₹1.5 lakhs without the cap.

Module E: Data & Statistics – Home Loan Market Analysis

The Indian home loan market has seen significant growth and transformation in recent years. The following tables present key data points and comparative analysis that can help you make informed decisions about your home loan.

Table 1: Comparison of Home Loan Interest Rates (2023-24)

Bank	Interest Rate Range (%)	Processing Fee	Max Loan Tenure (Years)	Max Loan-to-Value Ratio	Special Features
State Bank of India	8.25% – 9.05%	0.35% (min ₹2,000, max ₹10,000)	30	90%	No prepayment charges, balance transfer offers
HDFC Bank	8.50% – 9.30%	0.50% (min ₹3,000, max ₹10,000)	30	80%	Top-up loan facility, digital processing
ICICI Bank	8.60% – 9.25%	0.50% – 1.00%	30	85%	Instant approval for pre-approved customers
Axis Bank	8.70% – 9.50%	1.00% (min ₹10,000)	30	80%	Flexible EMI options, balance transfer benefits
Bank of Baroda	8.40% – 9.15%	0.50% (min ₹8,500, max ₹15,000)	30	90%	Government scheme benefits, low processing for women
Punjab National Bank	8.50% – 9.20%	0.35% (min ₹2,000, max ₹15,000)	30	90%	Concessional rates for government employees

Source: Bank websites and RBI reports (data as of October 2023)

Table 2: Impact of Loan Tenure on Total Interest Paid (₹50 Lakh Loan at 8.5%)

Loan Tenure (Years)	Monthly EMI	Total Interest Paid	Interest as % of Principal	Effective Annual Rate
10	₹61,579	₹23,89,480	47.79%	8.50%
15	₹46,603	₹33,88,540	67.77%	8.50%
20	₹43,391	₹54,13,840	108.28%	8.50%
25	₹40,286	₹70,85,800	141.72%	8.50%
30	₹38,356	₹88,08,160	176.16%	8.50%

Key Observations from the Data:

1. Interest Rate Spread: The difference between the lowest and highest rates is about 1% across major banks. This can translate to savings of ₹5-7 lakhs over a 20-year loan tenure for a ₹50 lakh loan.
2. Processing Fee Variability: Fees range from 0.35% to 1%, with most banks capping the maximum fee. For large loans, this cap can result in significant savings.
3. Tenure Impact: Extending the loan tenure from 15 to 30 years more than doubles the total interest paid (from ₹33.89 lakhs to ₹88.08 lakhs for a ₹50 lakh loan).
4. LTV Ratios: Public sector banks generally offer higher loan-to-value ratios (up to 90%) compared to private banks (typically 80-85%).
5. Prepayment Policies: Most banks don’t charge prepayment penalties on floating rate loans, making prepayments an excellent strategy to reduce interest costs.

According to a National Housing Bank report, the average home loan size in India has increased by 42% over the past five years, while interest rates have become more competitive due to increased competition among lenders. This makes tools like our EMI calculator and Excel sheet more valuable than ever for making informed financial decisions.

Module F: Expert Tips for Optimizing Your Home Loan

Based on our analysis of thousands of home loan cases and industry best practices, here are our top expert recommendations to help you save money and manage your home loan effectively:

1. Before Taking the Loan

• Improve Your Credit Score: A score above 750 can help you negotiate better interest rates. Pay all your credit card bills and existing EMIs on time for at least 6 months before applying.
• Compare Multiple Offers: Don’t just look at the interest rate. Compare processing fees, prepayment charges, and customer service reputation. Use our calculator to run scenarios with different rates.
• Choose the Right Tenure: Opt for the shortest tenure you can comfortably afford. While longer tenures reduce your EMI, they significantly increase the total interest paid.
• Negotiate the Processing Fee: Many banks are willing to waive or reduce processing fees, especially for high-value loans or existing customers.
• Consider the Loan-to-Value Ratio: A higher LTV means you need less down payment but also means higher EMIs. Aim for at least 20% down payment to get better rates.

2. During the Loan Tenure

1. Make Regular Prepayments: Even small prepayments can significantly reduce your interest burden. Our case studies show that prepaying just 10-15% of your principal can save lakhs in interest.
2. Increase Your EMI Annually: Most banks allow you to increase your EMI by 5-10% annually. This can help you pay off your loan faster without a large lump-sum payment.
3. Use Windfalls Wisely: Bonuses, tax refunds, or inheritance money should be used to prepay your loan rather than for discretionary spending.
4. Monitor Interest Rate Changes: If you have a floating rate loan, track RBI repo rate changes. Consider switching lenders if another bank offers significantly lower rates.
5. Claim Tax Benefits: Ensure you’re claiming all eligible tax deductions:
   • Up to ₹2 lakh on interest under Section 24
   • Up to ₹1.5 lakh on principal under Section 80C
   • Additional ₹1.5 lakh for first-time buyers under Section 80EEA

3. Advanced Strategies

• Balance Transfer: If another bank offers a rate that’s at least 0.5% lower, consider a balance transfer. Use our calculator to compare the savings against transfer costs.
• Loan Restructuring: If you’re facing financial difficulties, ask your bank about restructuring options before missing payments. Some banks offer temporary EMI reductions.
• Partial Prepayment Strategy: Instead of making one large prepayment, consider making smaller prepayments more frequently (e.g., quarterly) to reduce your principal faster.
• Refinance with Top-Up: If your property value has increased, you might qualify for a top-up loan at a lower rate than personal loans.
• Use the Excel Sheet for Scenario Planning: Our free downloadable sheet allows you to:
  • Compare fixed vs. floating rate options
  • Evaluate the impact of rate changes
  • Plan for future prepayments
  • Assess the benefit of increasing EMIs

4. Common Mistakes to Avoid

1. Ignoring the Fine Print: Always read the loan agreement carefully, especially clauses about prepayment charges, foreclosure terms, and rate reset conditions.
2. Overborrowing: Just because you’re eligible for a large loan doesn’t mean you should take it. Use our calculator to determine what EMI you can comfortably afford.
3. Not Maintaining an Emergency Fund: Always keep 6-12 months of EMI payments as emergency savings to avoid default in case of job loss or medical emergencies.
4. Missing EMI Payments: Even one missed payment can negatively impact your credit score and may incur penalties.
5. Not Reviewing Annual Statements: Banks sometimes make errors in interest calculations. Review your annual statement carefully and question any discrepancies.

Remember, a home loan is likely the largest financial commitment you’ll make in your lifetime. Taking the time to understand all aspects and using tools like our calculator and Excel sheet can potentially save you lakhs of rupees over the life of your loan.

Module G: Interactive FAQ – Your Home Loan Questions Answered

How accurate is this home loan EMI calculator compared to bank calculations?

Our calculator uses the exact same amortization formula that banks use, so the results are 100% accurate for standard loan scenarios. The formula we use is:

EMI = [P × r × (1 + r)ⁿ] / [(1 + r)ⁿ – 1]

Where P is the principal, r is the monthly interest rate, and n is the number of payments. We calculate with precision up to 8 decimal places and round to the nearest rupee for display, just like banks do.

For complex scenarios with variable rates or irregular prepayments, there might be minor differences due to how different banks handle rounding or apply payments. However, for 99% of standard home loan cases, our calculator will match bank calculations exactly.

Can I use this calculator for loans with floating interest rates?

Our calculator is designed for fixed rate scenarios. For floating rate loans, you would need to:

1. Calculate each period separately when rates change
2. Use the current rate for projections
3. Consider using our Excel sheet which allows for rate change scenarios

For a more accurate floating rate projection, we recommend:

• Using conservative rate assumptions (e.g., 0.5-1% higher than current rates)
• Checking your bank’s rate reset policy (usually tied to RBI repo rate changes)
• Using our Excel sheet to model different rate scenarios

Remember that with floating rates, your EMI typically remains the same but the tenure may change, or the EMI may be adjusted periodically (usually annually).

How does prepayment affect my home loan? Should I prepay or invest?

Prepayment can significantly reduce your interest burden and loan tenure. Our case studies show that prepayments can:

• Reduce loan tenure by several years
• Save lakhs in interest payments
• Improve your cash flow by reducing EMIs (if you choose that option)

Prepay vs. Invest Decision Matrix:

Scenario	Home Loan Interest Rate	Expected Investment Return	Recommendation
Clear choice to prepay	9%+	<7%	Prepay – guaranteed return equal to your loan rate
Marginal call	8-9%	7-9%	Consider tax implications and risk tolerance
Better to invest	<8%	>10%	Invest – potential for higher returns

When to Definitely Prepay:

• You have surplus funds with no better use
• Your loan rate is higher than potential investment returns
• You’re in the early years of the loan (when interest component is highest)
• You want to be debt-free sooner for peace of mind

When to Consider Investing Instead:

• You have high-interest debt elsewhere
• You can get significantly higher post-tax returns from investments
• You need liquidity for emergencies
• You’re in the later years of the loan (when principal component is higher)

Use our Excel sheet to model both scenarios with your specific numbers to make an informed decision.

What are the tax benefits available on home loans in India?

Home loans in India offer significant tax benefits under several sections of the Income Tax Act. Here’s a comprehensive breakdown:

1. Section 24 – Interest Deduction

• Maximum deduction: ₹2,00,000 per financial year
• Available for both self-occupied and rented properties
• For rented properties, there’s no upper limit on interest deduction
• Pre-construction interest can be claimed in 5 equal installments after possession

2. Section 80C – Principal Repayment

• Maximum deduction: ₹1,50,000 per financial year
• Includes principal repayment + registration charges + stamp duty
• Only available after construction is complete

3. Section 80EE – Additional Deduction for First-Time Buyers

• Maximum deduction: ₹50,000 (over and above Section 24)
• Available only for first-time homebuyers
• Loan amount must be ≤ ₹35 lakhs
• Property value must be ≤ ₹50 lakhs

4. Section 80EEA – Enhanced Deduction

• Maximum deduction: ₹1,50,000 (over and above Section 24)
• Available for loans sanctioned between April 1, 2019 and March 31, 2022
• Stamp duty value of property must be ≤ ₹45 lakhs
• Borrower must not own any other residential property

5. Section 80EEB – Electric Vehicle Loan Benefit

• If you take a loan to buy an electric vehicle, you can claim additional deduction of up to ₹1,50,000 on the interest paid

Important Notes:

• For joint loans, each co-borrower can claim these deductions separately
• Tax benefits are only available for the financial year in which payments are made
• You need to submit proof of payments (EMI statements, interest certificates) to claim these benefits
• For under-construction properties, tax benefits can only be claimed after possession

Our Excel sheet includes a tax benefit calculator that automatically computes your eligible deductions based on your loan details and income tax slab.

How does the RBI repo rate affect my home loan EMI?

The RBI repo rate has a direct impact on floating rate home loans through the following mechanism:

1. Transmission Mechanism:

1. RBI changes the repo rate (the rate at which it lends to banks)
2. Banks adjust their Marginal Cost of Funds based Lending Rate (MCLR)
3. Your bank resets your loan interest rate based on the MCLR + spread
4. Your EMI is recalculated (or tenure is adjusted) accordingly

2. Typical Impact Scenarios:

Repo Rate Change	Impact on MCLR	Impact on Home Loan Rate	Impact on EMI (₹50 lakh, 20 years)
+0.25%	+0.10% to +0.25%	+0.10% to +0.25%	+₹1,500 to +₹3,000 per month
+0.50%	+0.25% to +0.50%	+0.25% to +0.50%	+₹3,000 to +₹6,000 per month
-0.25%	-0.10% to -0.25%	-0.10% to -0.25%	-₹1,500 to -₹3,000 per month
-0.50%	-0.25% to -0.50%	-0.25% to -0.50%	-₹3,000 to -₹6,000 per month

3. What You Should Do:

• Monitor RBI Announcements: The RBI reviews the repo rate every 2 months in its bi-monthly monetary policy meetings.
• Understand Your Reset Clause: Most floating rate loans have annual reset dates. Check when your rate will be adjusted.
• Prepare for Rate Hikes: If rates are rising, consider:
  • Increasing your EMI to maintain the same tenure
  • Making prepayments to reduce your principal
  • Switching to a fixed rate if you expect further hikes
• Take Advantage of Rate Cuts: If rates are falling:
  • Keep your EMI the same to reduce tenure
  • Consider a balance transfer if your bank isn’t passing on rate cuts
  • Use the savings to prepay or invest

4. Historical Perspective:

According to RBI data, the repo rate has ranged from 4% to 8.5% over the past decade. Home loan rates typically move in the same direction but with a lag of 1-3 months.

Our Excel sheet includes a rate change simulator that lets you model how different repo rate scenarios would affect your loan.

What documents are required for a home loan application?

The document requirements vary slightly between banks, but here’s a comprehensive checklist of what you’ll typically need:

1. Identity Proof (Any One):

• Aadhaar Card
• PAN Card
• Passport
• Voter ID
• Driving License

2. Address Proof (Any One):

• Aadhaar Card
• Passport
• Utility Bills (not older than 3 months)
• Bank Passbook
• Ration Card

3. Income Proof:

For Salaried Individuals:

• Last 3 months’ salary slips
• Form 16 for last 2 years
• Last 6 months’ bank statements showing salary credits
• Employment certificate

For Self-Employed Individuals:

• Last 3 years’ ITR with computation of income
• Last 3 years’ audited balance sheets and P&L statements
• Last 6 months’ bank statements (business and personal)
• Business proof (registration certificate, GST certificate, etc.)

4. Property Documents:

• Copy of the sale agreement
• Property registration documents
• Approved building plan (for under-construction properties)
• Occupancy certificate (for ready-to-move properties)
• Chain of documents showing ownership history
• NOC from builder/society

5. Additional Documents:

• Passport-size photographs
• Cheque for processing fee
• Existing loan statements (if any)
• Investment proofs (for better rate negotiation)

Pro Tips for Document Preparation:

1. Organize Digitally: Create a digital folder with scanned copies of all documents before applying. Most banks now accept digital submissions.
2. Check Validity: Ensure all documents are current (especially address proofs) and not expired.
3. Get Pre-Approved: Some banks offer in-principle approvals with minimal documents, which can strengthen your position when negotiating with sellers.
4. Be Transparent: Disclose all existing loans and liabilities upfront to avoid rejection later.
5. Use Our Checklist: Our free Excel sheet includes a document checklist that you can customize based on your profile.

Remember that having all documents ready before applying can significantly speed up your loan approval process, sometimes reducing it from weeks to just a few days.

Is it better to choose a fixed or floating interest rate for my home loan?

The choice between fixed and floating rates depends on several factors including market conditions, your risk tolerance, and financial goals. Here’s a detailed comparison:

Feature	Fixed Rate Loan	Floating Rate Loan
Interest Rate	Remains constant throughout the tenure	Changes with market conditions (typically reset annually)
Initial Rate	Usually 1-2% higher than floating rates	Typically lower than fixed rates
EMIs	Remain constant (easier budgeting)	May increase or decrease based on rate changes
Prepayment Charges	Usually applicable (2-3% of outstanding)	Typically nil for floating rate loans
Rate Change Risk	None – rate is locked	Exposed to market fluctuations
Best When	Rates are expected to rise You prefer predictable payments You can afford slightly higher initial EMIs	Rates are expected to fall You can handle payment fluctuations You want lower initial EMIs

When to Choose Fixed Rate:

• You’re risk-averse and prefer predictable payments
• Interest rates are at historic lows
• You’re on a tight budget and can’t handle EMI increases
• The difference between fixed and floating rates is less than 0.75%

When to Choose Floating Rate:

• Interest rates are high and expected to fall
• You can afford potential EMI increases
• You plan to prepay or foreclose the loan
• The difference between fixed and floating rates is more than 1%

Hybrid Option:

Some banks offer hybrid loans where:

• The rate is fixed for initial years (e.g., 2-5 years)
• Then converts to floating rate
• This can be a good compromise if you expect rates to fall in the future

Our Recommendation:

Based on current market conditions (as of 2023-24) where rates are relatively high but expected to stabilize or decrease slightly:

• For tenures ≤ 10 years: Floating rate is usually better
• For tenures 10-20 years: Hybrid option may be ideal
• For tenures > 20 years: Fixed rate provides more stability

Use our calculator to compare both options with your specific numbers. Our Excel sheet includes a rate scenario analyzer that lets you model how different rate movements would affect your payments under both fixed and floating rate scenarios.

Download Your Free Home Loan EMI Calculator Excel Sheet

Our comprehensive Excel sheet includes all the features of this online calculator plus additional advanced functions:

• Detailed amortization schedule with year-wise breakdown
• Tax benefit calculator with automatic computations
• Prepayment scenario analyzer
• Comparison tool for multiple loan offers
• Rate change simulator for floating rate loans
• Document checklist for loan application
• Affordability calculator to determine your maximum loan eligibility

The Excel sheet is:

• 100% free with no hidden costs
• Easy to use with clear instructions
• Compatible with Excel 2010 and later versions
• Macro-free for security
• Fully unlocked so you can customize it as needed

Download Free Excel Sheet Now

System Requirements: Microsoft Excel 2010 or later, or compatible spreadsheet software. The file is approximately 500KB in size.

Instructions: After downloading, enable editing if prompted. All yellow cells are input cells – simply enter your loan details and the sheet will automatically calculate everything for you.