The Case:
The smartest way to go about things is to live within your means. Sometimes though We need to borrow money or take out a loan.You have to make sure that the amount of money you’re borrowing can be paid back in a timely manner. You also have to be sure that you can afford your payments every month. If not costly charges and fees can be added on.
If only there’s a way to analyse your loan planning.
Tune Up:
A loan is when you borrow something from someone for a certain length of time. You will get an interest free or you can be charged a certain percentage for the time it takes you to pay it back. The interest you pay depends on the type of loan you take out.If its a fluctuating interest rate it can go up or down if it is a fixed interest rate then the interest rate stays the same. Therefore, it would be a good idea to keep track of them or even make a good plan ahead.
Use the following template to plan your loan. It’s a Microsoft Excel loan analysis worksheet template contains of:
- Loan analysis worksheet
- Loan calculator
- Loan calculator with extra payments
Download
Loan Management Tempate – MS Excel 2003
Loans can be a very dangerous thing if not properly managed and understood. An ill managed loan can cause much distress and to certain extent cause the loss of homes and even break up family and marriages. I hope those templates can make a good use of it.
Popularity: 2% [?]
Recent Comments