Loan Amortization Seminar

This seminar will teach you how to calculate a complete Loan Amortization Schedule in Microsoft Access.

1. Learn how to calculate loan payments
2. Create a complete amortization schedule
3. Work with flexible loan terms
4. Manage multiple loans per client and per loan provider
5. Generate reports such as an aged accounts receivable

Watch this video to learn more about this seminar:

After you watch the preview videos above,
click here to download the database we build in this
seminar so you can see everything that is included.
64-bit version

What's Covered

The Loan Form is the main feature of this database. Here you can select a client, a loan provider, enter the terms of the loan, calculate the payments, generate a complete amortization schedule, and track client payments. We'll spend most of our time building this complex form.

Exploring the other features of this database, we'll learn how to create a Main Menu form:

We will create a Client List and a Client Detail form. You'll see a list of Loans per Client.

You can print a report showing the status of all loans per client.

You can see all of the same items for Loan Providers as well (list form, details, report):

To create a new loan, just select a client and a provider. Enter a description, the loan amound, the interest rate, and the start date. Select a frequency (monthly, weekly, etc.)

Enter in the number of payments (or type in the number of Years and the database will calculate the number of payments for you). The click on the Calculate Monthly Payment button and Access will tell you what the payment should be.

Now you're ready to generate the complete Amortization Schedule. Again, one click and Access does all the heavy lifting for you.

You can enter the client's payments as they come in. Access will assign them to "regular" payment amount and "extra" payment amount, if you wish to allow the client to pay down his balance early.

You can print this complete report out for the client.

There are a couple of additional reports as well. You can generate a list of all active loans for all providers, a list of all current loan values (payoff amounts), and you can generate an aged accounts receivable, showing as much or as little detail as you want.

For example, this report shows the providers, clients, and loan info, but not all of the payment schedule details:

This is the perfect seminar for anyone who needs to learn how to calculate loan payments and track amortization schedules with payment histories in Microsoft Access. Of course, if you have any questions about whether or not this seminar is for you, please feel free to  contact me. I'd be happy to answer any questions you might have.

NOTE: If you're looking for something less involved, there is a simpler database available that performs basic loan amortizations in the Templates section.
 

Access Loan Amortization Seminar Outline