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Money Lent Tracker in Excel: Simple Interest by Days, Total Due and Overdue Loans

Ravindra Bagale in Pune has lent money to four friends, some with interest agreed, one interest-free. Each loan started on a different date, so working out "how much does Amir owe today?" meant a calculator and a calendar. This sheet does it every day: days so far, simple interest by days, the total due and which loans are past their due date.

What you'll learn on this page

  • One row per loan with amount, date, yearly rate and due date
  • Days so far with a date subtraction
  • Simple interest by days: amount × rate × days ÷ 365
  • Total to get back
  • Days past due with MAX and an Overdue status
  • Interest that builds up per day

Download the template: money-lent-simple-interest-template.xlsx: example data with real formulas. Yellow cells are inputs you can type over; green cells hold formulas; blue rows are headers and totals. Replace the example data with your own and everything recalculates.

Made-up data: every name, amount, shop and date on this page is made up for practice. Cities are used only to make the examples feel real.

1. The example

Ravindra's loans on 17 October 2026 (made-up values agreed between friends):

Borrower Amount Given on Rate Due on Days so far Interest so far Total to get back Status
Amir ₹50,000 01-04-2026 8% 01-10-2026 199 ₹2,180.82 ₹52,180.82 Overdue (16 days)
Salman ₹20,000 15-07-2026 6% 15-01-2027 94 ₹309.04 ₹20,309.04 Running
Shahrukh ₹1,00,000 10-01-2026 9% 10-01-2027 280 ₹6,904.11 ₹1,06,904.11 Running
Zoya ₹15,000 01-09-2026 0% 01-12-2026 46 ₹0.00 ₹15,000.00 Running

₹1,85,000 is lent out and ₹9,393.97 of interest has built up. All four loans together add ₹38.90 of interest every day. If Shahrukh repays on his due date, the interest will be exactly ₹9,000 (one full year at 9%).

Inputs (yellow) Amount and date given Yearly rate Due date Formulas Days = today − given Interest = B × D × F ÷ 365 Overdue = MAX(0, ...) Results ₹9,393.97 interest Amir 16 days overdue ₹38.90 a day

Figure 1. Days so far = today − date given; simple interest = amount × yearly rate × days ÷ 365; total = amount + interest; MAX(0, today − due date) and IF show overdue loans.

The money-lent-simple-interest-template.xlsx template sheet with example data, yellow input cells and green formula cells

Figure 2. The template sheet, recalculated with its example data. Download it above and replace the yellow cells with your own numbers.

2. Build it step by step

Step 1. The loans

  1. In A5:J5 type Borrower, Amount, Given on, Interest % per year, Due on, Days so far, Interest so far, Total to get back, Days past due, Status.
  2. In B3 type the as-of date (=TODAY() in your copy).

Step 2. Days so far

  1. In F6 type =$B$3-C6: 199 days for Amir. Dates are numbers, so subtracting gives days (date functions).

Step 3. Simple interest

  1. In G6 type =B6*D6*F6/365: ₹50,000 × 8% × 199 ÷ 365 = ₹2,180.82.
  2. This is simple interest: interest is worked out on the amount lent only, never on earlier interest.
  3. In H6 type =B6+G6.

Step 4. Overdue

  1. In I6 type =MAX(0,$B$3-E6): 16 days for Amir, 0 for loans not yet due.
  2. In J6 type =IF(I6>0,"Overdue",IF(E6-$B$3<=30,"Due in 30 days","Running")) (nested IF).

Step 5. Totals and summary

  1. In B10, G10 and H10 use =SUM(...) of rows 6 to 9.
  2. In M8 type =SUMIF(J6:J9,"Overdue",H6:H9) for the overdue amount (SUMIF).
  3. In M9 type =SUMPRODUCT(B6:B9,D6:D9)/365: ₹38.90 of interest per day (SUMPRODUCT).

Step 6. Colours

  1. Select A6:J9 > New Rule > Use a formula =$J6="Overdue" red and =$J6="Due in 30 days" amber (formula rules).

Ravindra Bagale's Tip

Share the Total to get back with the borrower politely on the due date. Clear numbers avoid awkward talks.

3. Formulas used

Cell Formula What it does
F6 =$B$3-C6 Days so far
G6 =B6*D6*F6/365 Interest so far
H6 =B6+G6 Total to get back
I6 =MAX(0,$B$3-E6) Days past due
J6 =IF(I6>0,"Overdue",IF(E6-$B$3<=30,"Due in 30 days","Running")) Status
G10 =SUM(G6:G9) Total interest
M8 =SUMIF(J6:J9,"Overdue",H6:H9) Overdue amount
M9 =SUMPRODUCT(B6:B9,D6:D9)/365 Interest for one more day
M10 =B8*D8*(E8-C8)/365 Interest at the due date (Shahrukh)

Every formula above is written in the template, so you can click a cell and see it in the formula bar. All values on this page were recalculated in the file.

4. Common mistakes

  1. Typing 8 instead of 8%. With 8 the interest is 100 times too high. Type 8% or 0.08.
  2. Dividing by 12 instead of 365. The formula uses days, so divide a yearly rate by 365.
  3. Negative days past due. $B$3-E6 is negative for loans not yet due. MAX(0, …) shows 0.
  4. Mixing simple and compound interest. This sheet is simple interest. If you agreed on compounding, the numbers will differ.
  5. No written agreement. The sheet only does the arithmetic. Write down the amount, rate and dates and both sign it.

Ravindra Bagale's Tip

Keep a photo of the signed agreement in the same folder as this sheet.

5. More real examples

Example 1: Partial repayments. Add a Repaid column and work out interest on the remaining amount from the repayment date.

Example 2: Interest-free family loans. Type 0%; the sheet still tracks days and overdue status.

Example 3: Money you borrowed. Use the same sheet for loans you took from someone, to know exactly what to return.

Quick revision cards

Quick revision

Each card shows formulas from this page, each with an example and its answer from the template. Scan the QR code on a card to open this lesson. All names and numbers are made up for practice.

Revision card 1 for Money Lent Tracker in Excel: Days so far: =$B$3-C6 gives 199; Interest so far: =B6*D6*F6/365 gives ₹2,180.82; Total to get back: =B6+G6 gives ₹52,180.82. Includes an example data table.
Card 1 of 2: Money Lent Tracker in Excel · Download PNG
Revision card 2 for Money Lent Tracker in Excel: Days past due: =MAX(0,$B$3-E6) gives 16; Status: =IF(I6>0,"Overdue",IF(E6-$B$3<=30,"Due in 30 days","Running")) gives Overdue. Includes an example data table.
Card 2 of 2: Money Lent Tracker in Excel · Download PNG

More cards: Ravi Sir's Cards.

6. Frequently asked questions

How do I calculate simple interest by days in Excel?

=amount*rate*days/365, with days = today − date given.

What is the difference between simple and compound interest?

Simple interest is on the original amount only; compound interest also earns interest on earlier interest.

How do I count days between two dates?

Subtract them: =B3-C6. Both must be real dates.

How do I show only positive overdue days?

Use =MAX(0,today-due date).

How much interest builds up per day?

Amount × yearly rate ÷ 365. For all loans: =SUMPRODUCT(amounts,rates)/365.

7. Quick quiz

Ten questions on this page. Sign in to save your score.

Loading practice tasks...

  1. Monthly rate (Easy): Yearly rate B3 divided by 12. (sheet "Plan")
  2. Months (Easy): B4 times 12. (sheet "Plan")
  3. Monthly EMI (Easy): EMI on amount B2 at B3 for B4 years, as a positive number, rounded to 2 decimals. (sheet "Plan")
  4. Days taken (Easy): C2 minus B2. (sheet "Dates")
  5. Start year (Easy): Year of B3. (sheet "Dates")
  6. Due month (Easy): Month number of C3. (sheet "Dates")
  7. Earliest start (Easy): Earliest date in B2:B9 (as a date number). (sheet "Dates")
  8. Total repaid (Medium): Total paid over the loan, rounded to 0 decimals. (sheet "Plan")
  9. Total interest (Medium): Total paid minus B2, rounded to 0 decimals. (sheet "Plan")
  10. Processing fee (Medium): B2 times B6. (sheet "Plan")
  11. Working days (Medium): Working days from B2 to C2. (sheet "Dates")
  12. Weekday of due (Medium): Weekday number of C4 (Sunday = 1). (sheet "Dates")