How to Calculate Motorcycle/Motorcar/House Building Advance Interest in MS Excel Sheet

Last Updated on October 31, 2021 by Galaxy World

I have already published a detailed article on the calculation of interest amount manually on Motorcar, Motorcycle, and House Building Advance. At the request of the visitors of my site, I am today publishing a detailed article on “Calculation of Motorcycle/Motorcar/House Building Advance Interest in MS Excel Sheet”.

Calculation of Interest on Motorcar & Motorcycle Advance


Generally, the Motorcar & Motorcycle Advance refundable amount is in 60 monthly installments. The interest amount will further increase the number of installments. 60 installments are for the amount that is taken in advance.  A sum of Rs. 75,000 is granted as Motorcycle Advance provided the basic pay of the employee is between Rs.7501/- to Rs/19,999/- while a sum of Rs. 450,000/- is granted as Motorcar Advance provided the Basic Pay of the employee is Rs.20,000/- or more.

Just enter the total amount, the number of installments, and the interest rate during which the advance was taken.


Calculation of Interest on House Building Advance


The return of HBA Advance is in 120 monthly installments. For Non-Gazetted Employees, the amount is interest-free while the Gazetted Employees have to pay the Interest on the House Building Advance. 120 monthly installments are for the actual amount drawn as HBA while the interest amount will increase the number of installments.

36 Basic Pays are granted as HBA and the minimum service for the same is 10 years.

Just also enter the total amount taken as HBA, the number of installments, and the interest rate during which the advance was taken.

Note: Interest Rate is the same as GP Fund Annual Interest Rate and it is taken from the year during which the amount has been taken as Advance.

Suppose your amount of advance is passed from July 2012 to June 2013 then the interest rate of the year 2012-13 will be applicable.


Download Calculation Sheet Motor Cycle Advance, HBA Advacne



Motor Cycle Advance



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46 thoughts on “How to Calculate Motorcycle/Motorcar/House Building Advance Interest in MS Excel Sheet

  1. Masood ul haq alvi · Edit

    I have been granted HBA loan when I was non gazeted now I have been promoted to the post of BPS 16 gazeted will they deduct interest on my remaining balance

  2. AOA I cannot download the excel file of calculation of HBA. What was the interest rate for HBA in 2018-2019.
    Thank You
    Mudassar Rafiq

  3. Dear Sir
    Please explain/mention in details the calculation for House Building Loan …since the above calculation as per your excel sheet is for the 5 years (whereas the house building loan is for 10 years)

  4. Dear, i want to avail HBA with interest, plz answer the following .
    1). how the interest will be repaid. i know the total interest. how it will be devided in months.
    2). Can i repay the actual amount in 5 years, if yes then interest would be half or not.

        1. 1to 15 is interest-free and also interest-free for the employees who don’t get interest on GP Fund. But the employees of BPS-16 and above who get interest on their GP Fund will have to pay interest on HBA.

  5. 10 years regular service punjab govt me ki aur ab mei through proper channel Federal govt mei agaya hon aur ab meri service 11 years show ho rhi ha salary slip py… kia me HBA k liye apply krne k liye eligible houn ya meri 10 years service federal ki hona zrori ha?????

  6. Mei nay 11 years punjab govt k under job ki ha aur ab mei through proper channel federal govt me aagya houn aur meri total service pay slip py 12 sal aa rhi ha kia mei HBA k liye apply krnay k liye elligible houn?????

  7. Asalmoalikum
    Dear mam, can u tell me the status of my HBA loan in Agpr, lahore. I applied in april 2016
    now Agpr send me a letter to changing in my previous application of hba in bps-9. now I m in bps11, therefore, I have changed my application according to current basic.
    Ghazanfar Ullah

  8. Assalam O Alaikum!
    I am an employee of District Council Gujranwala as a Computer Operator in Scale 07. please tell me about HBA or Motorcycle Advance.

  9. Madam sindh govt.employee hba se loan le sakte hain?oar agar kisee sindh govt.employee ne nbp se loan lia hua ho oar woh hba se bhi loan lena chahain to le sakte hain?

  10. dear AOA my name is perwaiz i am federal govt servent bps is 14 my basic pay is 34280 rupee my job length remain is 96 month AGPR giving me airmarking of house building advance they make amount 822720 rupees according my information they wrong and amount is 987264 rupees pl inform me correct amount thanks

  11. Sir mujay baatian mai and my husband job kartay hay 20 lak loan lana chtay hay with interest kitni payment karni ho g return hum 2nu ki pay total 70 tak hay

  12. Dear Admin
    Mn ny january 2011 mn 50000 Rs. motor cycle advance lya tha jis ki monthy instalment 834 rupees hy plz mjhy kitni amount dainy pary gi or kb tk.

  13. dear GP Fund pay ap interest last 2-3 years say na ly rhy houn tab he ap jo bhe advances lain gy un pay koe interest nhn dena ho ga.


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