# Calculate interest on loan given at various date with moving libor rate

#### sanram

##### New Member
Hi All

Looking forward for your advice and help in calculating interest on loan given at various date. Details as below

a) I have below data as loan disbursement date during the period

 Party Date of Loan Loan Amount A 3-Jan-2016 \$ 1,500.00 B 3-Jan-2016 \$ 200.00 C 3-Jan-2016 \$ 300.00 A 16-Jan-2016 \$ 1,500.00 B 20-Jan-2016 \$ 2,000.00 C 15 Dec-2016 \$ 1,000.00 C 21 Dec-2016 \$ 5,000.00 B 28 Dec-2016 \$ 2,000.00 A 28-Feb-2017 \$ 3,000.00 B 22-Mar-2017 \$ 1,500.00 C 29-Mar-2017 \$ 500.00 A 19-Apr-2017 \$ 2,000.00 A 15-May-2017 \$ 1,500.00

<tbody>
</tbody>

b) I have Libor closing rate month wise as below

 Month / LIBOR rate Year Average January 2016 0.856 % February 2016 0.870 % March 2016 0.901 % April 2016 0.903 % May 2016 0.933 % June 2016 0.936 % July 2016 0.999 % August 2016 1.198 % September 2016 1.247 % October 2016 1.259 % November 2016 1.269 % December 2016 1.306 % January 2017 1.340 % February 2017 1.351 % March 2017 1.426 % April 2017 1.417 % May 2017 1.425 %

<tbody>
</tbody>

Requirement : Calculate month-wise Interest due from the date of loan till May 2017 applying 5%+Libor Rate(given in above table)

Ex: Party A has give loan on 3rd Jan 2016 for \$1500 so have to calculate interest due till May 2017 , month-wise using the constant interest rate 5% + Libor rate as per table above(variable)

Kindly guide how to map the Libor interest rate from the date of loan , month-wise so that the calculation is simple and meaningful.

Thank You

### Excel Facts

Spell Check in Excel
Press F7 to start spell check in Excel. Be careful, by default, Excel does not check Capitalized Werds (whoops)

Replies
1
Views
876
Replies
4
Views
326
Replies
5
Views
1K
Replies
0
Views
4K
Replies
5
Views
818

1,181,759
Messages
5,931,887
Members
436,805
Latest member
waseem abbas

### We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.

### Which adblocker are you using?

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

### Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

### Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back