A free credit card payoff calculator template is widely used template with purpose to ease tension of clients of calculating interest amount. This template is prepared in MS Excel with purpose to provide ease of use, especially for customers who have little to no knowledge about how to calculate interest amount. You are required to download this template and insert your desire data in given rows and columns. After inserting data, you will need to hit calculate button and this template will itself calculate the interest amount. It can also calculate installment amount, but you have to choose tenor of loan amount.