# Loan Amount Calculator

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

Code to add this calci to your website

#### 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.