EMI calculation using Excel

I mentioned the formula used to calculate an EMI, but putting values in the formula and calculating it is a cumbersome task. So I did some research in Microsoft Excel and found out that it can done quite easily in excel.

EMI calculation in Excel

Step 1: Open the excel sheet and locate the fx button

Step 2: In the pop-up menu, click on Financial Catergory

Step 3: In the Function Name click 'PMT'

Step 4: A box will appear as shown, fill in the values mentioned and voila you get the EMI.


Interest Component of the EMI

  • Just choose the IPMT function instead of PMT

Prinicpal Component of EMI

  • Just choose the PPMT function instead of PMT

5 comments:

  1. Cool! Thanks a ton. Clear and concise as usual.

    ReplyDelete
  2. Exactly the information I was looking for ,

    Thanks dude
    - Kumar

    ReplyDelete
  3. Thanks for the information. Here is another online EMI calculator than can come in handy:

    http://www.persquarefeet.in/calculators/EMI.aspx

    ReplyDelete
  4. @PerSquareFeet Thanks for comments...Checking out your website...

    ReplyDelete
  5. GREAT WAY MADE LIFE EASIER

    ReplyDelete