Loan Calculate : How to Calculate Loan Payments ?

Before calculating loan, know about the type of loan you have taken – such as Business Loan, Personal Loan, Education Loan, Gold Loan, Debt Consolidation Loans, Student Loans, Mortgages, Auto Loans, Personal Loans, Small Business Loans, Vehicle Loan, Agricultural Loan etc.

Also, let us tell you that not all banks give loans on the same interest. Each bank offers loans at different rates. So let’s know what is the formula for calculating loan-

Loan Calculating Formula


 

PV is the loan amount
PMT is the monthly payment
i is the interest rate per month in decimal form (interest rate percentage divided by 12)
n is the number of months (term of the loan in months)

Loan Calculate Online


Annuity Calculator
Interest rate: (%)
Loan term: (months)
Loan amount:
month payment:
Total Payments:
Total Interest Paid:
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