📊 SIMPLE INTEREST LOAN CALCULATOR — INCLUDES CHART Excel Template ⭐⭐⭐⭐⭐

📝 Overview:
This Simple Interest Loan Calculator is a precision Excel tool for modelling loans with daily interest accrual. It includes a full amortisation schedule, fee tracking, and actual payment reconciliation—ideal for lenders, borrowers, and financial advisors managing non-compounding loan structures.

✔️ What’s Included:
• 1 x Excel spreadsheet (.xlsx)
• Daily interest logic with adjustable frequency and term
• Amortisation schedule with interest, principal, and balance tracking
• Payment tracker with fee columns and principal-only logic
• Summary section with total interest, payments, and payoff timeline

🎯 Perfect For:
• Lenders offering simple interest loans
• Borrowers managing fixed-rate repayment
• Financial advisors modelling non-compounding debt
• Educators teaching interest mechanics and amortisation

⚙️ Features:
• Calculates interest using daily accrual formula
• Supports extra payments, missed payments, and fee reconciliation
• Includes principal-only payment logic and interest balance tracking
• Excel-native formatting—no macros or plugins required
• Reusable across loan types and payment frequencies

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