Create Progressive Payment Calculator in Excel (with Easy Steps)

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In this article, you will learn about three quick steps on how to create a progressive payment calculator in Excel. We will be using the Microsoft 365 version. However, you can use any version of Microsoft Excel and follow this tutorial.

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Concept of Progressive Payment

When you want to buy a property that is under construction and take loans from the bank, you do not need to pay back the loans in full installments. The installment rises as the property completion rate gets higher. Moreover, you will only need to pay the interest amount for the beginning period of the project.

Step-by-Step Procedures to Create Progressive Payment Calculator in Excel

We will show you two quick steps to create a progressive payment calculator. In the first step, we will set up the dataset for our calculation. After that, we will use several formulas to complete the payment calculation process.

Step 1: Setting Up Dataset

We will type in all the fields in this first step. Firstly, we will create the loan details section. After that, we will create the section for the progressive payment calculator details.

  • To begin with, create the following fields.

Setting Up Dataset to Create Progressive Payment Calculator in Excel

  • Afterward, type the following section with the five columns consisting of “Estimated Time (Months)”, “Particulars”, “Percentage”, “Amount”, and “Monthly Payment”.

Read More: How to Calculate Monthly Payment in Excel (2 Handy Ways)

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Step 2: Calculating Progressive Payment

We will start by calculating the total amount of bank loans obtained. After that, we will use the percentage completion amount to calculate the payment values. Additionally, we will use the SUM function in this section to calculate various values.

  • Firstly, type the property price, cash amount, interest rate, and loan tenure.
  • Secondly, insert the following formula to find the bank loan amount.


Calculating Progressive Payment to Create Calculator in Excel

  • Thirdly, type the values for the first three columns.
  • Fourthly, use this formula in cell E11 and drag the Fill Handle to fill the formula downward.


  • After that, insert this formula to calculate the monthly payment.


Formula Breakdown

  • Firstly, we are using a dynamic range inside the SUM function. This is the main step for finding the progressive payment.
  • Secondly, the interest rate is provided per annum. Therefore, we are dividing it by 12 to find the monthly interest rate.
  • Thirdly, our cash amount is $40,000 and we do not need to pay anything until this value depletes. So, we only calculate it from row 15. You should modify this to fulfill your requirements.
  • Lastly, we multiply the above two values by the property price to return the monthly payment.

Read More: How to Create Snowball Payment Calculator in Excel


We have shown you quick steps on how to create a progressive payment calculator in Excel. If you face any problems regarding these methods or have any feedback for me, feel free to comment below.

However, remember that our website implements comment moderation. Therefore, your comments may not be instantly visible. So, have a little bit of patience, and we will solve your query as soon as possible. Moreover, you can visit our site, ExcelDemy, for more Excel-related articles. Thanks for reading, keep excelling!

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Rafiul Haq

Rafiul Haq

Greetings! I am Rafiul, an experienced professional with an engineering degree and an MBA in finance. Data analysis is my passion, and I find Excel to be an invaluable tool in this domain. My goal is to simplify complex concepts by providing comprehensive and user-friendly guides on Excel and finance topics, aiming to enhance people's productivity and understanding at ExcelDemy.

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