After converting a purchase to an EMI, tracking matters — how much principal remains, how much interest is accruing, and when it ends. Convert the statement to Excel and build the full EMI picture in 5 minutes.
Step 1: Extract the EMI Transactions — open the tool → select your card issuer → upload the statement → download the Excel file
Step 2: Build the EMI Tracker Sheet — Date | Description | EMI Amount | Principal | Interest | Remaining ...... 2,500 =C2-D2 =C2*0.015 =F2-E2
Interest rate apne card ke EMI rate se lo (usually 12-18% p.a. = 1-1.5% monthly). Remaining balance start me = purchase amount.
Step 3: Payoff Planning — total interest: =SUM(D:D) (Interest column); how many installments remain: count the EMI rows; thinking of prepaying? Remaining principal + prepayment charges calculate do
Step 4: EMI vs Full Payment Decision
Model both scenarios in Excel: the EMI total (principal + interest) vs paying in full now. You'll see exactly how much extra interest EMIs cost — which helps you decide.
🚀 Open the Tool
Tip: Multiple EMIs Combine Karo
If 2–3 purchases are on EMI, combine all EMI rows in one sheet to see your total monthly EMI obligation — essential for budgeting.
Frequently Asked Questions
A: Description me "EMI" ya "Instalment" filter do (Ctrl+F ya filter). Amount Debit column me hoga.
A: Haan — EMI amount se principal portion nikaal kar (purchase amount / total months) interest = EMI - principal. The Excel formulas are above.