Loan Repayment Formula with Interest Capitalization and Monthly Payment

W

whitefeather

New Member
Joined
May 9, 2016
Messages
29
Hi All,

I have a loan repayment schedule as below where interest accrued on loan principal is capitalized on quarterly basis (blue marked dates) and payment is made monthly.

Here green cells are variable, meaning user should be able to define loan disbursement date (here, 7 OCT 2019), first installment date (here, 15 NOV 2019), principal amount (here, 100,000.00), yearly rate of interest (here, 12%) and number of installments (here, 12). Here, interest is calculated on the basis of 360 days yearly and for actual days. Meaning, the calculation for 39 days interest on 100,000 would be [100,000*12%/360*39].

Given that, I require a single formula to calculate EMI for this loan schedule (yellow marked). Is it possible to formulate one? Please help me in this regard.



<colgroup width="22"></colgroup><colgroup width="75"></colgroup><colgroup width="101"></colgroup><colgroup width="84"></colgroup><colgroup width="99"></colgroup><colgroup width="41"></colgroup><colgroup width="38"></colgroup><colgroup width="71"></colgroup><tbody>
[TD="align: center"] SL [/TD]
[TD="align: left"] Date [/TD]
[TD="align: left"] Installment [/TD]
[TD="align: center"] Capitalized
Interest [/TD]
[TD="align: left"] Outstanding [/TD]
[TD="align: left"] Rate [/TD]
[TD="align: left"] Days [/TD]
[TD="align: left"] Accrual [/TD]

[TD="bgcolor: [URL=https://www.mrexcel.com/forum/usertag.php?do=list&action=hash&hash=92d050]#92d050[/URL] , align: right"] 7-Oct-19 [/TD]
[TD="align: left"]
[/TD]
[TD="align: left"]
[/TD]
[TD="bgcolor: [URL=https://www.mrexcel.com/forum/usertag.php?do=list&action=hash&hash=92d050]#92d050[/URL] , align: right"] 100,000.00 [/TD]
[TD="bgcolor: [URL=https://www.mrexcel.com/forum/usertag.php?do=list&action=hash&hash=92d050]#92d050[/URL] , align: right"] 12.00 [/TD]
[TD="align: right"] 39 [/TD]
[TD="align: right"] 1,300.00 [/TD]

[TD="align: right"] 1 [/TD]
[TD="bgcolor: [URL=https://www.mrexcel.com/forum/usertag.php?do=list&action=hash&hash=92d050]#92d050[/URL] , align: right"] 15-Nov-19 [/TD]
[TD="bgcolor: [URL=https://www.mrexcel.com/forum/usertag.php?do=list&action=hash&hash=ffff00]#ffff00[/URL] , align: right"] 8,911.83 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 91,088.17 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 30 [/TD]
[TD="align: right"] 910.88 [/TD]

[TD="align: right"] 2 [/TD]
[TD="align: right"] 15-Dec-19 [/TD]
[TD="align: right"] 8,911.83 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 82,176.34 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 16 [/TD]
[TD="align: right"] 438.27 [/TD]

[TD="align: left"]
[/TD]
[TD="bgcolor: [URL=https://www.mrexcel.com/forum/usertag.php?do=list&action=hash&hash=9dc3e6]#9dc3e6[/URL] , align: right"] 31-Dec-19 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 2,649.16 [/TD]
[TD="align: right"] 84,825.50 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 15 [/TD]
[TD="align: right"] 424.13 [/TD]

[TD="align: right"] 3 [/TD]
[TD="align: right"] 15-Jan-20 [/TD]
[TD="align: right"] 8,911.83 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 75,913.67 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 31 [/TD]
[TD="align: right"] 784.44 [/TD]

[TD="align: right"] 4 [/TD]
[TD="align: right"] 15-Feb-20 [/TD]
[TD="align: right"] 8,911.83 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 67,001.84 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 29 [/TD]
[TD="align: right"] 647.68 [/TD]

[TD="align: right"] 5 [/TD]
[TD="align: right"] 15-Mar-20 [/TD]
[TD="align: right"] 8,911.83 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 58,090.01 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 16 [/TD]
[TD="align: right"] 309.81 [/TD]

[TD="align: left"]
[/TD]
[TD="bgcolor: [URL=https://www.mrexcel.com/forum/usertag.php?do=list&action=hash&hash=9dc3e6]#9dc3e6[/URL] , align: right"] 31-Mar-20 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 2,166.07 [/TD]
[TD="align: right"] 60,256.08 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 15 [/TD]
[TD="align: right"] 301.28 [/TD]

[TD="align: right"] 6 [/TD]
[TD="align: right"] 15-Apr-20 [/TD]
[TD="align: right"] 8,911.83 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 51,344.25 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 30 [/TD]
[TD="align: right"] 513.44 [/TD]

[TD="align: right"] 7 [/TD]
[TD="align: right"] 15-May-20 [/TD]
[TD="align: right"] 8,911.83 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 42,432.42 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 31 [/TD]
[TD="align: right"] 438.47 [/TD]

[TD="align: right"] 8 [/TD]
[TD="align: right"] 15-Jun-20 [/TD]
[TD="align: right"] 8,911.83 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 33,520.59 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 15 [/TD]
[TD="align: right"] 167.60 [/TD]

[TD="align: left"]
[/TD]
[TD="bgcolor: [URL=https://www.mrexcel.com/forum/usertag.php?do=list&action=hash&hash=9dc3e6]#9dc3e6[/URL] , align: right"] 30-Jun-20 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 1,420.79 [/TD]
[TD="align: right"] 34,941.39 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 15 [/TD]
[TD="align: right"] 174.71 [/TD]

[TD="align: right"] 9 [/TD]
[TD="align: right"] 15-Jul-20 [/TD]
[TD="align: right"] 8,911.83 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 26,029.56 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 31 [/TD]
[TD="align: right"] 268.97 [/TD]

[TD="align: right"] 10 [/TD]
[TD="align: right"] 15-Aug-20 [/TD]
[TD="align: right"] 8,911.83 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 17,117.73 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 31 [/TD]
[TD="align: right"] 176.88 [/TD]

[TD="align: right"] 11 [/TD]
[TD="align: right"] 15-Sep-20 [/TD]
[TD="align: right"] 8,911.83 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 8,205.90 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 15 [/TD]
[TD="align: right"] 41.03 [/TD]

[TD="align: left"]
[/TD]
[TD="bgcolor: [URL=https://www.mrexcel.com/forum/usertag.php?do=list&action=hash&hash=9dc3e6]#9dc3e6[/URL] , align: right"] 30-Sep-20 [/TD]
[TD="align: right"] - [/TD]
[TD="align: right"] 661.59 [/TD]
[TD="align: right"] 8,867.49 [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: right"] 15 [/TD]
[TD="align: right"] 44.34 [/TD]

[TD="bgcolor: [URL=https://www.mrexcel.com/forum/usertag.php?do=list&action=hash&hash=92d050]#92d050[/URL] , align: right"] 12 [/TD]
[TD="align: right"] 15-Oct-20 [/TD]
[TD="align: right"] 8,911.83 [/TD]
[TD="align: right"] 44.34 [/TD]
[TD="align: right"] (0.00) [/TD]
[TD="align: right"] 12.00 [/TD]
[TD="align: left"]
[/TD]
[TD="align: right"] - [/TD]

</tbody>

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Last edited:

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