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