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Loan Interest Calculator Desktop Application - Help


To Create a New File

1. Click File menu and New File


How to Create a New File in Loan Interest Calculator


2. Name the file and click Save.


Browse File Location in Loan Interest Calculator



Select Settings


1. Click Settings in Main Menu


Loan Interest Calculator Settings


2. This application can be used by Selecting Settings - Lenderor Receiver and Click Save.


Select Settings in Loan Interest Calculator


In this Help, We have taken the example of a Receiver managing his details.

Loan Details

Once the Settings are selected, Loans can be added into the Loan Interest Calculator.

To Add Loan Details


1. In Main Menu, click Loan Interest Calculator.


Select Loan Interest Calculator Menu


2. Loan Details screen appears.


Add Loan Details in Loan Interest Calculator


3. Enter Loan Details - Loan Name, Rate of Interest and Remarks.


Add Loan Interest in Loan Interest Calculator


4. Enter the date of the transaction in Transaction Date. In Subsequent transactions, Auto Date automatically shows the date of the previous transaction.


Add Transaction Date in Loan Interest Calculator


5. Once you click Save, after entering Transaction Date, Principal Returned/Interest Returned or Taken Amounts, the rest of the details are calculated automatically.


View Transaction Date in Loan Interest Calculator


6. You can see the number of days since the last Transaction in the No. of Days, Calculation Amount, Interest Amount and Outstanding Amount in different Running Balances.


Save Details in Loan Interest Calculator


7. Click Update and then click Save to save your transaction.


View Transaction Details in Loan Interest Calculator


8. You can see your Current Loan transactions in the grids.


Updateand Save the Details in Loan Interest Calculator





To Add a New Transaction in a Loan


Click Add button and Enter details to add any new Payment or Borrowing as explained above.


View Current Loan Transactions in the grids of Loan Interest Calculator





To Add Multiple Loans


1. Click New and Enter details as previously explained.


Add a New Transaction in a Loan in Loan Interest Calculator


2. Click Save.


Add Multiple Loans in Loan Interest Calculator


You can see the details of different loans added in the bottom grid.


Save Multiple Loans in Loan Interest Calculator


You can also see the Summary of Current Loan in the Running balances in section the shown.


View Multiple Loans in Loan Interest Calculator


The Summary of all Loans can be seen in Total No. of Loans, Total Interest Calculated and Total Running Balance.


View Totals in Loan Interest Calculator


You can Export the Calculation of a Particular loan or Summary of all the loans to Excel


Exports in Loan Interest Calculator


This application is useful to track Interest Calculations and Outstanding Amounts for frequent Lenders and Borrowers.