PMT Function in Excel: Loan EMI in One Formula
PMT calculates the fixed periodic payment for a loan — the EMI on home, car and personal loans.
Read article →Every Excel function explained with syntax, examples, common errors and powerful combinations — from beginner to expert.
PMT calculates the fixed periodic payment for a loan — the EMI on home, car and personal loans.
Read article →YEARFRAC returns the fraction of a year between two dates — for pro-rata interest, depreciation and exact age.
Read article →DATEDIF is a hidden function (not in the autocomplete list) that returns the difference between two dates in completed years, months or days.
Read article →WEEKDAY returns a number for the day of the week. Type 2 makes Monday = 1 … Sunday = 7, the easiest for weekend…
Read article →WORKDAY returns the date that is a number of working days before or after a start date, skipping weekends and holidays.
Read article →TRANSPOSE turns a vertical range horizontal and vice versa, and stays linked to the source.
Read article →INDIRECT turns text such as "Mar!B5" into a real reference — the key to dependent dropdowns and summary sheets that switch between monthly tabs.
Read article →OFFSET returns a range a set number of rows and columns away, optionally with a new size. Classic for rolling totals and dynamic chart…
Read article →CHOOSE returns the n-th item from a list of values you type in the formula.
Read article →VALUE turns text that looks like a number into a real number, so SUM and lookups work.
Read article →PROPER capitalises the first letter of each word; UPPER and LOWER change the whole text.
Read article →REPLACE swaps characters at a given position — useful for masking.
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