Loan Payment Calculator

Loan Payment Calculator to calculate the number of payments for a loan.

Loan Payment Calculator

  • Loan Amount (A) :

  • Payment Amount (P) :

  • Rate of Interest (i) : (%) :

  • Rate of Interest Compounded

  •  

  • Number of Payments (N) :

Formula Used:
N = [ - log ( 1 - [ ( r*A ) / P ] ) ] / ( log (1+r) )

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

Rate of Interest Compounded is,
If Monthly,
r = i / 1200

If Quarterly,
r = i / 400

If Half yearly,
r = i / 200

If Yearly,
r = i / 100

This tool will help you dynamically to calculate the number of payments on a loan.