How To Make/Create Personal Loan Tracker Templates in Microsoft Excel

Build a Personal LoanTracker in Microsoft Excel – Step-by-Step Guide

Microsoft Excel is one of the most well-equipped spreadsheet programs for creating loan trackers. You don’t have to be an Excel specialist to make your personal loan trackers. Just follow this guide. 

• Step 1: Take the Personal Tracker Template

  

  Get a copy of the Personal Loan Tracker Template from its product page on this site. It’s a fully editable MS Excel template that saves you a lot of time. With this, your loan tracker will be a lot easier to create.

• Step 2: Download the Microsoft Excel Version of the Personal Tracker Template

  

  Under the Download Template section, click the Excel button to download the Microsoft Excel version of the Personal Tracker Template. Doing this action will download the file to your browser’s default download folder.

• Step 3: Open the Personal Loan Tracker Template in MS Excel

  

  You’ll find the Personal Loan Tracker Template in your Downloads folder. Select and open it in MS Excel to begin editing.

• Step 4: Input the General Information of the Personal Loan

  

  Write the creditor’s company name, creditor’s address, creditor’s phone number, the issue date of the tracker, your account number, and the credit type of the loan. The program will display this data at the top.

• Step 5: Customize the Content of the Loan Details and Loan Summary Sections

  

  Make sure to insert the right information or data in the Loan Details and Loan Summary sections. They’ll influence the content to be presented by the payment schedule table. See to it to input the right balance, annual interest rate, loan term number of payments per year, number of payments, monthly payment amount, total payment amount, and total interest cost.

• Step 6: View the Payment Schedule Table

  

  View the data presented by the payment schedule table. The cells of the table use Excel formulas to present the right data based on the data you’ve inserted in the Loan Details and Loan Summary section; the table automatically computes the results. All you need to do is double-check if they’re accurate and specify the months in the Month column.

• Step 7: Save and Print Your Loan Tracker

  

  Go to File and make sure to click Save/Save As to save your loan tracker. And if you need a physical copy of your tracker, click Print.