As a developer, you may need to generate loan EMI (equated monthly installment) schedules as part of your finance applications. An EMI schedule is a table that shows the amount of money that needs to be paid each month towards a loan. Generating this EMI schedule in an Excel document will provide additional UI features that enhance the data’s readability.
The Syncfusion Excel (XlsIO) Library is a high-performance .NET Excel framework. This library allows you to create, read, and edit Microsoft Excel files in any .NET app. It also provides powerful conversion APIs that convert Excel files to PDF, images, and other formats.
In this blog, we’ll see how to generate a loan EMI schedule as an Excel document in C# using the Syncfusion .NET Excel Library.
Generate a loan EMI schedule in an Excel document using C
We’ll create an Excel document, calculate the EMI using the PMT formula, and then populate the EMI schedule into the Excel document by following these steps:
Note: If you are new to our Excel Library, following our Getting Started guide is highly recommended.
1.First, create a new console app (.NET Core) in Visual Studio by navigating to File > New > Project in the C# section. 
2.Then, install the Syncfusion.XlsIO.Net.Core NuGet package. 
3.Add the following code to the Program.cs file to generate the loan EMI schedule as an Excel document.
/// <summary>
/// Generates the loan schedule Excel document.
/// </summary>
private void GenerateLoanEMISchedule()
{
// Initialize Excel Engine.
using (ExcelEngine excelEngine = new ExcelEngine())
{
IApplication application = excelEngine.Excel;
application.DefaultVersion = ExcelVersion.Xlsx;
// Create a new workbook and worksheet.
IWorkbook workbook = application.Workbooks.Create(1);
IWorksheet sheet = workbook.Worksheets[0];
// Get loan details from the user.
GetLoanDetails();
// Calculate EMI.
CalculateEMI(sheet, m_BankName, m_AccountNumber, m_CustomerName, m_InterestRate, m_LoanAmount, m_Tenure, m_BorrowedDate);
// Display the EMI amount.
Console.WriteLine("Your EMI amount is.." + sheet["F10"].DisplayText);
// Save workbook and close stream.
Directory.CreateDirectory("../../../GeneratedOutput");
FileStream generatedExcel = new FileStream("../../../GeneratedOutput/Loan EMI Schedule.xlsx", FileMode.Create, FileAccess.Write);
workbook.Version = ExcelVersion.Xlsx;
workbook.SaveAs(generatedExcel);
generatedExcel.Close();
Console.WriteLine("Excel document generated successfully..");
}
}
We’ll calculate the EMI using the PMT function in Microsoft Excel.
/// <summary>
/// Calculate EMI and generate EMI schedule.
/// </summary>
/// <param name="sheet">Worksheet</param>
private static void CalculateEMI(IWorksheet sheet, string bankName, long accountNumber, string customerName, double interestRate, long loanAmount, int tenureInMonths, DateTime borrowedDate)
{
sheet["A1"].Value = bankName;
sheet["A4"].Value = "Loan EMI Schedule";
sheet["A6"].Value = "Customer Name";
sheet["A8"].Value = "Account Number";
sheet["A10"].Value = "Tenure in months";
sheet["A12"].Value = "Interest";
sheet["B6"].Text = customerName;
sheet["B8"].Number = accountNumber;
sheet["B10"].Number = tenureInMonths;
sheet["B12"].Number = interestRate/100;
sheet["E6"].Value = "Loan Amount";
sheet["E8"].Value = "Frequency";
sheet["E10"].Value = "EMI Amount";
sheet["E12"].Value = "Borrowed Date";
sheet["F6"].Number = loanAmount;
sheet["F8"].Value = "Monthly";
sheet["F12"].DateTime = borrowedDate;
sheet["A15"].Value = "Payment No.";
sheet["B15"].Value = "Date";
sheet["C15"].Value = "Payment";
sheet["D15"].Value = "Principle";
sheet["E15"].Value = "Interest";
sheet["F15"].Value = "Outstanding Principle";
sheet.Workbook.Names.Add("Interest", sheet["B12"]);
sheet.Workbook.Names.Add("Tenure", sheet["B10"]);
sheet.Workbook.Names.Add("LoanAmount", sheet["F6"]);
sheet.Workbook.Names.Add("BorrowedDate", sheet["F12"]);
sheet["F10"].Formula = "=-PMT(Interest/12,Tenure, LoanAmount)";
sheet.EnableSheetCalculations();
double emi = double.Parse(sheet["F10"].CalculatedValue.ToString());
double balance = loanAmount;
double totalInterestPaid = 0;
for (int i = 1; i <= tenureInMonths; i++)
{
double interest = balance * (interestRate/100)/12;
double principal = emi - interest;
balance -= principal;
totalInterestPaid += interest;
sheet[15 + i, 1].Number = i;
sheet[15 + i, 2].Formula = "=EDATE(BorrowedDate," + i + ")";
sheet[15 + i, 3].Number = emi;
sheet[15 + i, 4].Number = principal;
sheet[15 + i, 5].Number = interest;
sheet[15 + i, 6].Number = balance;
}
IRange used = sheet.UsedRange;
sheet[used.LastRow + 2, 4, used.LastRow + 2, 5].Merge();
sheet[used.LastRow + 2, 4, used.LastRow + 2, 5].CellStyle.Font.Bold = true;
sheet[used.LastRow + 2, 4, used.LastRow + 2, 5].Value = "Principle";
sheet[used.LastRow + 3, 4, used.LastRow + 3, 5].Merge();
sheet[used.LastRow + 3, 4, used.LastRow + 3, 5].CellStyle.Font.Bold = true;
sheet[used.LastRow + 3, 4, used.LastRow + 3, 5].Value = "Interest";
sheet[used.LastRow + 4, 4, used.LastRow + 4, 5].Merge();
sheet[used.LastRow + 4, 4, used.LastRow + 4, 5].CellStyle.Font.Bold = true;
sheet[used.LastRow + 4, 4, used.LastRow + 4, 5].Value = "Total Amount";
sheet[used.LastRow + 2, 6, used.LastRow + 2, 6].Number = loanAmount;
sheet[used.LastRow + 2, 6, used.LastRow + 2, 6].NumberFormat = "$#,###.00";
sheet[used.LastRow + 3, 6, used.LastRow + 3, 6].Number = totalInterestPaid;
sheet[used.LastRow + 3, 6, used.LastRow + 3, 6].NumberFormat = "$#,###.00";
sheet[used.LastRow + 4, 6, used.LastRow + 4, 6].Number = totalInterestPaid + loanAmount;
sheet[used.LastRow + 4, 6, used.LastRow + 4, 6].NumberFormat = "$#,###.00";
//Apply styles to the cells.
sheet.IsGridLinesVisible = false;
sheet["A1:F2"].Merge();
IStyle mergeArea = sheet["A1"].MergeArea.CellStyle;
mergeArea.Font.Size = 18;
mergeArea.Font.Bold = true;
mergeArea.Font.Underline = ExcelUnderline.Single;
sheet["A4:F4"].Merge();
sheet["A4"].Value = "Loan EMI Schedule";
mergeArea = sheet["A4"].MergeArea.CellStyle;
mergeArea.Font.Size = 16;
mergeArea.Font.Bold = true;
sheet["A6:A12"].CellStyle.Font.Bold = true;
sheet["E6:E12"].CellStyle.Font.Bold = true;
sheet["F6"].NumberFormat = "$#,###.00";
sheet["F10"].NumberFormat = "$#,###.00";
sheet["B12"].NumberFormat = "0.0%";
sheet["F12"].NumberFormat = Thread.CurrentThread.CurrentCulture.DateTimeFormat.ShortDatePattern;
sheet["A15:F15"].CellStyle.Font.Bold = true;
sheet["A15:F15"].WrapText = true;
sheet["A15:F15"].RowHeight = 31;
sheet.UsedRange.ColumnWidth = 15.5;
used = sheet.UsedRange;
sheet[16,2, used.LastRow - 4, 2].NumberFormat = Thread.CurrentThread.CurrentCulture.DateTimeFormat.ShortDatePattern;
sheet[16, 3, used.LastRow - 4, 6].NumberFormat = "$#,###.00";
sheet[15, 1, 15, 6].BorderAround(ExcelLineStyle.Thin);
sheet[15, 1, 15, 6].BorderInside();
sheet[16, 1, used.LastRow - 4, 6].BorderAround(ExcelLineStyle.Thin);
sheet[16, 1, used.LastRow - 4, 6].Borders[ExcelBordersIndex.InsideVertical].LineStyle = ExcelLineStyle.Thin;
sheet[6, 1, used.LastRow, 6].CellStyle.Font.Size = 12;
sheet[16, 1, used.LastRow, 6].RowHeight = 24;
sheet[1, 1, used.LastRow, 6].CellStyle.VerticalAlignment = ExcelVAlign.VAlignCenter;
sheet[1, 1, used.LastRow, 6].CellStyle.HorizontalAlignment = ExcelHAlign.HAlignCenter;
}
After running the sample with proper details, the console window will look the following image.
Now, the output Excel document will look like the following image.
GitHub reference
You can download the complete code snippet for generating a loan EMI schedule in an Excel document using C# from this GitHub repository.
Conclusion
Thanks for reading! In this blog, we’ve seen how to generate a loan EMI schedule as an Excel document using the Syncfusion .NET Excel Library. Use it to generate high-performance Excel reports and process large data. Take a moment to peruse the documentation, where you’ll find other options and features, all with accompanying code samples.
Using this library, you can export Excel data to PDFs, images, data tables, CSV, TSV, collections of objects, ODS, and other file formats.
Are you already a Syncfusion user? You can download the product setup here. If you’re not a Syncfusion user, you can download a free 30-day trial of Essential Studio to try out this control.
Please let us know in the comments below if you have any questions about these features. You can also contact us through our support portal, support forum, or feedback portal. We are always happy to assist you!
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