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

sanram

New Member
Joined
Jun 21, 2018
Messages
1
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
A3-Jan-2016 $ 1,500.00
B3-Jan-2016 $ 200.00
C3-Jan-2016 $ 300.00
A16-Jan-2016 $ 1,500.00
B20-Jan-2016 $ 2,000.00
C15 Dec-2016 $ 1,000.00
C21 Dec-2016 $ 5,000.00
B28 Dec-2016 $ 2,000.00
A28-Feb-2017 $ 3,000.00
B22-Mar-2017 $ 1,500.00
C29-Mar-2017 $ 500.00
A19-Apr-2017 $ 2,000.00
A15-May-2017 $ 1,500.00

<tbody>
</tbody>

b) I have Libor closing rate month wise as below

Month / LIBOR rateYearAverage
January20160.856 %
February20160.870 %
March20160.901 %
April20160.903 %
May20160.933 %
June20160.936 %
July20160.999 %
August20161.198 %
September20161.247 %
October20161.259 %
November20161.269 %
December20161.306 %
January20171.340 %
February20171.351 %
March20171.426 %
April20171.417 %
May20171.425 %

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</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
 

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