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Loan Amount Calculator

Calculate the approximate maximum value of the loan amount that you can afford by furnishing the asked details.

Related Calculators


Loan Amount Calculator

Payment Amount (A) :
Rate of Interest (i) : %
Number of years (n) :
Rate of Interest Compounded



Loan Amount (P) :

 
   
  
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Formula Used:

A = ( P / r ) * [ 1 - (1+r)-N ]

Where,
A = Loan Amount
P = Payment Amount
r = Rate of Interest (compounded)
N = Number of Payments

Rate of Interest Compounded is,
If Monthly,
r = i / 1200 and N = n * 12

If Quarterly,
r = i / 400 and N = n * 4

If Half yearly,
r = i / 200 and N = n * 2

If Yearly,
r = i / 100 and N = n

This tool will help you dynamically to calculate the loan amount.