When a lender like a bank extends a loan to a borrower, provisions will be made for the borrower to repay the loan amount some time in the future or in parts periodically. At the same time, the lender will expect to receive interests from the borrower as a reward of undertaking the risk to lend out the money. When the loan amount is repaid by parts over a certain amount of time, the loan is called an amortized loan.
A borrower will typically be interested in knowing how much he will have to pay periodically if he takes up a loan of a certain amount over a certain period of time. Other information like how much total interest he will have to incur, the total principal loan amount outstanding at a specific point in time and whether he will be able to afford the loan if he shorten the total loan period will also be of interest to the borrower. All these information can be easily illustrated using a Loan Amortization Schedule.
This Free Loan Amortization Schedule Excel spreadsheet can be used to easily generate a complete Loan Amortization Schedule.
Free Loan Amortization Schedule is a free software application from the Investment Tools subcategory, part of the Business category.
The app is currently available in English and it was last updated on 2009-09-22. The program can be installed on Windows2000, WinXP, Windows2003, Windows Vista Starter, Windows Vista Home Basic.
Free Loan Amortization Schedule (version 1.0) has a file size of 96.71 KB and is available for download from our website.
Just click the green Download button above to start. Until now the program was downloaded 278 times.
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