Comments on The Money Quest: 4-in-1 Loan Calculator in Excel

Hey Fisher.. firstly congrats on another state-of-...

2010-03-02T15:10:17.078+05:30

Hey Fisher.. firstly congrats on another state-of-art work from you buddy!! Well.. am just getting more demanding now :-)
Here is what I'm looking for.. I want to know what happens to the total repayment figure, tenure and overall interest paid if I make some lumpsum prepayments apart from my EMI (for calculation purpose, this might need to be considered as periodic, say annual, activity after n years of commencement of loan). This will just tell how best can one offload the liability of loan before scehduled tenure completion without overloading himself too much.
Looking forward to see this capability soon. Thanks !

Hi Ramesh, You’re right, now the calculator is wo...

2010-02-01T21:33:29.628+05:30

Hi Ramesh,

You’re right, now the calculator is working fine.

Thanks for the feedback.

Hi Fisher, I am Ramesh from the Zoho Sheet team. T...

2010-02-01T20:57:57.263+05:30

Hi Fisher, I am Ramesh from the Zoho Sheet team. Thanks for the nice calculator you have developed using Zoho Sheet. I tried out the calculator embedded in this spreadsheet and it does seem to work fine. Do you still face this issue now? I believe one of our servers would have been busy at that point of time due to which one of the entries would have timed out. We are looking into this and will make sure such issues don't arise.

Samant: It seems to be due to a zoho software bug....

2010-01-24T21:57:58.993+05:30

Samant: It seems to be due to a zoho software bug.

The original zoho sheet is giving the right answer, but the embedded version is behaving strangely. Let me keep a tab on it for next few days and if the error doesn’t self-correct, take up the matter with Zoho. Sorry for the inconvenience and thanks again for bringing it to my notice.

Samant: I’ve rechecked; it seems that there is som...

2010-01-24T15:19:08.142+05:30

Samant: I’ve rechecked; it seems that there is some bug in the Zoho Sheet. While my offline excel is showing the correct results, the online Zoho sheet is showing different result with the same formula.
Let me first see where exactly the problem lies, then I’ll get back to you. Any way, thanks for pointing it out.

Samant: Please recalculate because as per calculat...

2010-01-24T14:15:42.336+05:30

Samant: Please recalculate because as per calculator interest rate works out to be 9% (Loan – 12 lakh; Period – 10 yrs; EMI – 15,200).

hi Fisher, i have taken a home loan of 12 lacs for...

2010-01-24T10:23:45.568+05:30

hi Fisher,
i have taken a home loan of 12 lacs for 10 year at 8.75 % and my EMI as per ICICI is 15,200 per month, what other details would you need. I got this loan in Sept 2009.

THanks
Samant

Samant: I can’t say anything until I know all the ...

2010-01-24T08:49:50.218+05:30

Samant: I can’t say anything until I know all the facts.

i am stunned Fisher ! As per your calculator .. my...

2010-01-23T22:30:10.342+05:30

i am stunned Fisher ! As per your calculator .. my Rate of Interest is coming to 13.45% whereas i was told by ICICI that i am paying 8.75 % (floating)... i have takena home loan of 12 lacs for 10 year at 8.75 %..... am i being fooled by icici u mean ?