Excel Skills | Loan Statement TemplateAbout this
templateThistemplateenablesuserstocompilealoanaccountstatementforanyloanthatisrepaidonamonthlybasisandsubjecttodailyinterest
calculations. The template has been designed specifically for the
analysis of loans that are subject to variable interest rates and
also accommodates adhocloanrepayments
thatfalloutsidethescopeofstandardamortizationtables.Interestcalculationsarebasedon
dailyloanaccountbalances
(samecalculationbasisasusedbymostfinancialinstitutions)andanunlimitednumberofinterestratechangescanberecorded.Loanaccount
transactions need to be recorded by the user and a comprehensive
loan account statement is automatically calculated. The Loan
Statement template is a simplified version of our Loan
Calculation!nalysis template "hich also includes comprehensive
forecasting features.About our unique templates#ur uni$ue%
practical templates produce results that are more comparable to
soft"are solutions than regular &'cel templates. (ost &'cel
templates onlycontainlimitedfunctionalitybutourtemplatesproduce
comple' automated reportsbasedonlimiteduserinput. )ou alsodon*t
needadvanced &'cel s+ills in order to use our templates , all
our templates only re$uire basic user input and include
comprehensive step by step instructions.About this sample fileThis
&'cel document is only a sample of the loan statement template.
-e.ve created this sample to enable customers to vie" the layout
and features of this template. )ou "ill therefore not be able to
use this version of the template , the full version of the template
can only be do"nloaded after buying the template or a full
membership of the &'cel S+ills "ebsite.Our full membership
includes:/ !ccess to all 012 of our uni$ue &'cel templates/ 345
days access to our 3112 &'cel video tutorialsExcel Skills |
Loan Statement TemplateAbout this
templateThistemplateenablesuserstocompilealoanaccountstatementforanyloanthatisrepaidonamonthlybasisandsubjecttodailyinterest
calculations. The template has been designed specifically for the
analysis of loans that are subject to variable interest rates and
also accommodates adhocloanrepayments
thatfalloutsidethescopeofstandardamortizationtables.Interestcalculationsarebasedondailyloanaccountbalances
(samecalculationbasisasusedbymostfinancialinstitutions)andanunlimitednumberofinterestratechangescanberecorded.Loanaccount
transactions need to be recorded by the user and a comprehensive
loan account statement is automatically calculated. The Loan
Statement template is a simplified version of our Loan
Calculation!nalysis template "hich also includes comprehensive
forecasting features.About our unique templates#ur uni$ue%
practical templates produce results that are more comparable to
soft"are solutions than regular &'cel templates. (ost &'cel
templates onlycontainlimitedfunctionalitybutourtemplatesproduce
comple' automated reportsbasedonlimiteduserinput. )ou alsodon*t
needadvanced &'cel s+ills in order to use our templates , all
our templates only re$uire basic user input and include
comprehensive step by step instructions.About this sample fileThis
&'cel document is only a sample of the loan statement template.
-e.ve created this sample to enable customers to vie" the layout
and features of this template. )ou "ill therefore not be able to
use this version of the template , the full version of the template
can only be do"nloaded after buying the template or a full
membership of the &'cel S+ills "ebsite.Our full membership
includes:/ !ccess to all 012 of our uni$ue &'cel templates/ 345
days access to our 3112 &'cel video tutorialsBuy this
templateclick hereBuy this templateclick hereExcel Skills | Loan
Statement TemplateAbout this
templateThistemplateenablesuserstocompilealoanaccountstatementforanyloanthatisrepaidonamonthlybasisandsubjecttodailyinterest
calculations. The template has been designed specifically for the
analysis of loans that are subject to variable interest rates and
also accommodates adhocloanrepayments
thatfalloutsidethescopeofstandardamortizationtables.Interestcalculationsarebasedon
dailyloanaccountbalances
(samecalculationbasisasusedbymostfinancialinstitutions)andanunlimitednumberofinterestratechangescanberecorded.Loanaccount
transactions need to be recorded by the user and a comprehensive
loan account statement is automatically calculated. The Loan
Statement template is a simplified version of our Loan
Calculation!nalysis template "hich also includes comprehensive
forecasting features.About our unique templates#ur uni$ue%
practical templates produce results that are more comparable to
soft"are solutions than regular &'cel templates. (ost &'cel
templates onlycontainlimitedfunctionalitybutourtemplatesproduce
comple' automated reportsbasedonlimiteduserinput. )ou alsodon*t
needadvanced &'cel s+ills in order to use our templates , all
our templates only re$uire basic user input and include
comprehensive step by step instructions.About this sample fileThis
&'cel document is only a sample of the loan statement template.
-e.ve created this sample to enable customers to vie" the layout
and features of this template. )ou "ill therefore not be able to
use this version of the template , the full version of the template
can only be do"nloaded after buying the template or a full
membership of the &'cel S+ills "ebsite.Our full membership
includes:/ !ccess to all 012 of our uni$ue &'cel templates/ 345
days access to our 3112 &'cel video tutorialsExcel Skills |
Loan Statement TemplateAbout this
templateThistemplateenablesuserstocompilealoanaccountstatementforanyloanthatisrepaidonamonthlybasisandsubjecttodailyinterest
calculations. The template has been designed specifically for the
analysis of loans that are subject to variable interest rates and
also accommodates adhocloanrepayments
thatfalloutsidethescopeofstandardamortizationtables.Interestcalculationsarebasedondailyloanaccountbalances
(samecalculationbasisasusedbymostfinancialinstitutions)andanunlimitednumberofinterestratechangescanberecorded.Loanaccount
transactions need to be recorded by the user and a comprehensive
loan account statement is automatically calculated. The Loan
Statement template is a simplified version of our Loan
Calculation!nalysis template "hich also includes comprehensive
forecasting features.About our unique templates#ur uni$ue%
practical templates produce results that are more comparable to
soft"are solutions than regular &'cel templates. (ost &'cel
templates onlycontainlimitedfunctionalitybutourtemplatesproduce
comple' automated reportsbasedonlimiteduserinput. )ou alsodon*t
needadvanced &'cel s+ills in order to use our templates , all
our templates only re$uire basic user input and include
comprehensive step by step instructions.About this sample fileThis
&'cel document is only a sample of the loan statement template.
-e.ve created this sample to enable customers to vie" the layout
and features of this template. )ou "ill therefore not be able to
use this version of the template , the full version of the template
can only be do"nloaded after buying the template or a full
membership of the &'cel S+ills "ebsite.Our full membership
includes:/ !ccess to all 012 of our uni$ue &'cel templates/ 345
days access to our 3112 &'cel video tutorialse!ister for a full
membershipclick heree!ister for a full membershipclick hereBuy this
templateclick hereBuy this templateclick here6age 3 of 78Excel
Skills | Loan Statement TemplateInstructions"orksheet SummaryThe
main purpose of each "or+sheet is as follo"s9Template
Set#up$$$%excel#skills%comThis template enables users to compile a
loan account statement for any loan that is repaid on a monthly
basis and subject todailyinterestcalculations.
Thetemplate"asspecificallydesignedforhomeloancalculationsbutcanbeusedforany
loan "here the principles of monthly repayment and daily interest
are
applied.Themainpurposeofthistemplateistocalculateloanbalancesandinterestamountsbasedonthesamecalculation
methodology that is applied by most financial institutions. This
template can therefore be used to recalculate the amounts on the
loan account statements that are received from financial
institutions and can also be used to compile loan account
statementsforinformalloans.Thetemplateaccommodatesmultipleinterestratechanges(variableinterestrates)%
increased instalments and ad hoc loan
repayments.Note:ThistemplateisasimplifiedversionofourLoanCalculation&
Analysistemplate.Thedifferencebetweenthetwo templates is that the
Loan Statement template only includes the statement and summary
features and does not include a comprehensive forecast of interest
chares and loan account balances for the remainin loan repayment
period. !e also recommend downloadin our free Loan Amorti"ation
template if you only want to compile a basic loan amorti"ation
table.Important: If you use this template to compile loan account
statements for your customers# the loan account statement and
summaryshouldbeconvertedtoa$%&formatbeforebeine'mailedtocustomers.(ouarenotallowedtosendthe
template in its current file format )*+cel file, to your customers
because this would fall outside the scope of a sinle user license
and result in a copyriht
infrinement.Trans&ode,includesthedefaulttransactiontypesthatneedtobeselected"henenteringloanaccounttransactions.
!dditional transaction types can also be added to the default list
of transactions
codes.Statement,allloanaccounttransactionsshouldberecordedonthissheet.!lltheinterestandloanaccountbalance
calculations in this template are based on the transactions that
are recorded on this sheet. :ote that the Statement sheet includes
;7 columns but only four of these columns re$uire user input (the
columns "ith the yello" column headings). Summary , includes a
monthly summary of loan account transactions that is calculated
from the Statement sheet. :o user input is re$uired on this
sheet.Note:Thetemplateincludesalotof comple+formulasandhasbeen
desinedwithinaspecificwor-sheet structure.!e
thereforedonotrecommendaddinadditionalrowsorcolumnswithinthee+istinwor-sheetframewor-becauseitmay
resultinerrorsorinaccuratecalculationsbeinencountered.Ifyouthereforewanttoaddyourowncalculationstothe
template# we recommend insertin a new wor-sheet for this
purpose.!sidefromrecordingloanaccounttransactions%thetemplatedoesnotre$uirealotofset,up.-erecommendthatyou
startbyrevie"ingthetransactiontypesontheTransCodesheet.Thedefaulttemplateincludesand?onthe
Summary sheet.!ll the transaction types on the TransCode sheet are
included in list bo'es in column @ on the Statement sheet.
!dditional transaction types that are added to the default list of
transaction types are also available for selection from these list
bo'es. )ou "ill therefore be able to enter the transactions
relating to these transaction types on the Statement sheet but note
that all transaction types "ith transaction codes greater than or
e$ual to A are grouped together in one column on the Summary sheet
(column I).Note: The contents on the TransCode sheet have been
included in an *+cel table. A new transaction code can therefore
becreatedbysimplyenterinthenewcodeinthefirstemptycellbelowthetableincolumnA.Thetablewillthenbe
e+tended automatically to include the new transaction type.!ll loan
account transactions need to be recorded on the Statement sheet.
This sheet includes ;7 columns but only four of these columns
re$uire user input (columns "ith a yello" column heading). The
contents of this sheet have been included in an &'cel table
"hich means that the columns "ith light blue column headings
(containing formulas) "ill automatically be copied for all ne"
transactions that are recorded.-hen you therefore record any
transaction% you "ill need to enter a date (in column !)% select a
transaction type from the list bo' in column @% enter a ne"
interest rate (only if an interest rate change transaction is being
recorded% other"ise enter 1B)%enter atransaction amountin
column& andthe formulasin all the othercolumns
"illautomaticallybe copied from one of the e'isting ro"s in the
&'cel table.Note: New transactions can be recorded by simply
enterin a transaction date in the first blan- cell below the *+cel
table in column A. The table will then automatically be e+tended to
include the new transaction and all the formulas in the columns
with a liht blue column headin will automatically be copied into
the new transaction row.The first transaction that is recorded on
this sheet should always be an interest rate chane transaction
)transaction type .,
andthistransactionshouldberecordedonthesamedateasthefirsttransactiononyourloanaccountstatement.The
interest rate that is applicable to the loan should be entered in
column % and the transaction amount in column * should be nil )the
transaction amount for all interest rate chane transactions should
always be nil,. This entry establishes the interest rate that
should be used to calculate interest from the beinnin of the loan
period.AllthetransactionsthatarerecordedontheStatementsheetshouldformpartofacontinuouscellrane.Thereshould
thereforebenoemptyrowsbetweentransactions#otherwisetheloanaccountbalancesandthereforealsotheinterest
calculations will be inaccurate.All transactions should be recorded
or sorted in an ascendin date se/uence )oldest transactions first,.
(ou0ll notice that if you enter a transaction that is out of
se/uence# the transaction date will be hihlihted in red. This error
can be corrected
bysimplysortinallthetransactionsontheStatementsheetinanascendinorderbythedateinthefirstcolumn.1y
sortinthetransactionsinthecorrectorder#youwillensurethatthedatese/uenceisrectifiedandthatallinterest
calculations are accurate.6age 5 of 78Excel Skills | Loan Statement
TemplateInstructions$$$%excel#skills%comThe following section
covers the default transaction types that should be recorded on the
Statement sheet:Loan AdvancesLoan 2epaymentsAd 3oc
2epaymentsInterest
Capitali"ationThemonthlyinterestontheoutstandinloanaccountshouldbecapitali"edonthelastdayofeachmonth.Inorderto
accomplishthis#simplyrecordaninterestcapitali"ationtransaction)selecttransactioncode4,forthelastdayofeach
month.Thetransactionamountincolumn*shouldbenilbecausethemonthlyinterestcapitali"ationcalculationis
performedautomaticallythrouhtheformulathathasbeenenteredincolumn&.Thisinterestcalculationonlyappliesto
transaction type 4 ' if you therefore specify the incorrect
transaction type# no interest will be capitali"ed to the loan at
the end of the appropriate month. Also note that the date that is
entered should be the last day of the month ' if you enter any
other date# the interest calculation will not be accurate. The
transaction date in column A will be hihlihted in orane if the
incorrect interest capitali"ation date is specified.It is
imperative that you don0t replace any of the formulas in the
columns with liht blue column headins with alternative
valuesbecauseitwillresultininaccuratecalculations.!erecommendthatyousavethetemplateunderadefaultfile
name after downloadin it and save each loan statement under a
different file name. (ou will then be able to revert bac- to the
oriinal template if you delete any of the formulas by
accident.Alltransactionamountse+ceptforloanrepaymentsandadhocrepaymentsshouldbeenteredaspositivevalues.Loan
repayments and ad hoc repayments should be entered as neative
values ' if you enter positive values for any repayment type
transactions# the transaction amounts will be hihlihted in
orane.Loan advances are amounts that are received from the
financial institution "ho grants the loan. )ou can record as many
loanadvancesasre$uiredbysimplyenteringtheappropriatetransactiondate%selectingtransactiontype;andentering
the appropriate loan advance amount in the Transaction !mount
column (column &). Loan advances should be entered as positive
amounts.=or the purpose of distinguishing bet"een compulsory and
voluntary loan repayments% "e have assigned scheduled loan
repayments and ad hoc loan repayments to different transaction
types. Scheduled loan repayments are determined by the terms in a
loan agreement% "hile ad hoc loan repayments are effected at the
borro"er*s o"n
discretion.ScheduledloanrepaymentsneedtoberecordedontheStatementsheetbyenteringtheappropriatetransactiondate%
selectingtransactiontype7andenteringtheappropriateloanrepaymentamountasanegativevalueinthe
Transaction !mount column. :ote that if you enter a positive loan
repayment amount% the amount "ill be highlighted in orange in the
Transaction !mount column until it is rectified.The template
accommodates an unlimited number of ad hoc loan repayments. It also
ma+es no difference "hether the ad hoc repayment is an increased
instalment or a lump sum repayment.!d hoc repayments can be
recorded on the Statement sheet by simply entering the appropriate
transaction date% selecting transaction type 3 and entering a
negative amount in the Transaction !mount column. If you enter a
positive ad hoc loan repayment amount% the amount "ill be
highlighted in orange until the error is rectified.6age 4 of
78Excel Skills | Loan Statement
TemplateInstructions$$$%excel#skills%comTheinterestcalculations
inthistemplateare based onthedailyloanaccountbalances.
Transactionsareincludedinthe daily loan account balance as if the
transactions occurred at the beginning of the day. =or e'ample% if
a loan repayment is
datedonthe7ndofCanuary%therepaymentisdeductedfromtheloanbalanceofthepreviousdayandincludedinthe
interest calculation from the 7nd of Canuary. =or month end
interest capitalization purposes% the loan repayment on the 7nd
"ill therefore be included in the monthly interest calculation for
a period of 31 days.6age < of 78Excel Skills | Loan Statement
TemplateInstructions$$$%excel#skills%comInterest 2ate Chanes5ther
Loan Costs!ll interest calculations are automatically performed
based on the transactions that are recorded on the Statement sheet.
!s "e*ve mentioned before% it is imperative that all transactions
are recorded in the correct date se$uence (ascending date
order)%other"isetheinterestcalculationsmaynotbeaccurate.!llinterestcalculationsareperformedbasedonthe
balances calculated in the Transaction Closing @alance column by
applying the appropriate interest rate and the number of days that
the balance is in effect to this
amount.ThecalculatedinterestiscapitalizedtotheloanaccountbalancewhenyouenteranInterestCapitalization
transactionforthelastdayoftheappropriatecalendarmonth.Notethatifyoudon'tenterthistransactionthe
interest calculated for the particular month will not be added to
the loan account balance and your loan account statement will not
be accurate! It is therefore imperative that you add an Interest
Capitalization transaction to the Statement sheet for every month
that forms part of the loan
period.Alsonotethatthistransactionhastobedatedonthelastdayofthemonth'ifyouuseanyotherdate#theinterest
calculationwillnotbeaccurate.!ehaveimplementedconditionalformattinincolumnAtohihlihttheinterest
capitali"ation transactions that are not dated on a month end date
in orane. !hen you chane the transaction date to the appropriate
month end date# the formattin is automatically removed.Interest
capitalization transactions can be recorded by entering the
appropriate month end date% selecting transaction type
0andenteringanilamountintheTransaction!mountcolumn.Thecalculatedinterestisreflectedincolumn=andis
automatically added to the outstanding loan balance in column
>.Thistemplateaccommodatesanunlimitednumberof
interestratechanges. !n interest ratechangecanberecordedon the
Statement sheet by simply entering the effective date of the
interest rate change in column !% selecting transaction type
5%enteringtheappropriatene"interestrateincolumnDandenteringanilamountintheTransaction!mountcolumn.
)ou*ll notice that the interest rate in column ? (used in all
interest calculations) "ill change to the ne" interest rate that
has
beenrecorded.Interestonallsubse$uenttransactions"illbecalculatedbasedonthene"interestrate(untilthene't
interest rate change transaction is recorded)."s we've mentioned
before the first transaction that should be recorded on the
Statement sheet is an interest rate
changetransaction.Thistransactionestablishestheinterestratethatshouldbeusedtocalculateinterestfrom
the beginning of the loan period. If you omit this transaction the
interest rate that will be used to calculate interest on the
initial loan balance will be nil and no interest will therefore be
calculated and capitalized to the initial loan account balance
until an interest rate is defined.Interest rate chanes can only be
recorded by usin transaction type . ' if you enter a new interest
rate in column % and select any other transaction type# the
interest rate chane will not have any effect on interest
calculations.!s "e*ve mentioned before% other loan costs (li+e
admin fees and insurance) can be recorded by using transaction
codes 4 and < or adding the appropriate transaction codes to the
TransCode sheet and selecting the appropriate transaction type
fromthelistbo'incolumn@ontheStatementsheet.
Thesetransactionsusuallyrelatetocoststhatarechargedtothe loan
account and should therefore be entered as positive values in the
Transaction !mount column. =inancial institutions
typicallyincludethesecostsinscheduledloanrepaymentsandthecostsarethereforedeductedfromtheloanaccount
balance "hen you record scheduled loan repayments (transaction type
7) on the Statement sheet.6age A of 78Excel Skills | Loan Statement
TemplateInstructions$$$%excel#skills%comLoan Account StatementLoan
Account Summary!ll loan transactions should be entered on the
Statement sheet in accordance "ith the guidance provided in the
previous section. !fter reading through the previous section% you
should therefore be able to record all the appropriate transactions
ontheStatementsheetand"e*llno"provideguidanceonthecalculatedcolumns(columns"ithalightbluecolumn
heading) on this
sheet.ThetransactiondescriptionincolumnChasbeenincludedontheStatementsheetsothatitiseasytoidentifythe
transactiontypesthatareselectedfromthelistbo'[email protected]'esonlyincludethetransactiontype
numbers,"e*vethereforeincludedthedescriptionincolumnCtoenableuserstorevie"thetransactiontypethathas
been selected.The calculated interest in column = represents the
amount of interest that is capitalized to the loan account at the
end of every calendar month. !ll scheduled loan repayments consist
of an interest and capital portion , this column includes the
interestportionthatiscalculatedbasedonthedailyloanaccountbalancesduringtheparticularmonthlyperiod.This
column should therefore only contain one calculated interest amount
per calendar month.The monthly interest amount that should be
capitalized is the total of all the accrued interest amounts in
column L for the particular month. The accrued interest is
calculated from the interest rate in column ?% the interest days in
column C and the transaction closing loan balance in column
E.Theoutstandingloanbalanceoneachtransactiondateiscalculatedincolumn>.Thisamountrepresentsthecapital
balance that is still outstanding on the loan.The monthly capital
portion of the loan repayments can be calculated by addin the
interest and other costs toether and deductin the sum of the
scheduled loan repayments and the ad hoc loan repayments from this
amount. Note that it may therefore be easier to calculate this
amount from the totals on the Summary sheet.The Summary sheet
includes a complete brea+do"n of the movements on the loan account
for all monthly periods. !ll the totals on this sheet are
calculated from the transactions that are entered on the Statement
sheet. :o user input is re$uired on this sheet , users are only
re$uired to e'tend the &'cel table for the appropriate number
of ne" ro"s in order to add the re$uired number of monthly periods
to the summary.Note: The contents of this sheet have been included
in an *+cel table. The table can be e+tended by clic-in the arrow
in
thebottomrihtcornerofthetableanddrainthetableborderdownwardsforthere/uirednumberofrows.Allthe
formulas that are included in the table will be copied
automatically.ThefirstmonthlyperiodontheSummarysheetisdeterminedbythetransactiondateofthefirsttransactiononthe
Statementsheet.Thetransactiondateinro"0ontheStatementsheetthereforedetermines"hichmonthlyperiodis
displayedinthefirstro"oftheSummarysheet.!llsubse$uentmonthlyperiodsontheSummarysheetarecalculated
based on the first monthly period.The Loan !dvance column is
calculated based on all the transactions "ith a transaction type of
; on the Statement sheet. Scheduled loan repayments (transaction
type 7)% ad hoc repayments (transaction type 3)% interest
capitalized (transaction
type0)%adminfees(transactiontype4)%insurancepremiums(transactiontype