Loan balance

Loan
1 minute
0

Do you need to find your loan balance but don’t have time to look it up? Check out our online calculator to quickly and easily find your loan balance.

Loan amount
$
Payment amount
$
Interest rate
%
Number of time periods
Rate of interest compounded
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    25 Number of calculations
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    B = A * (1+r)^n - (P/r) * ((1+r)^n - 1)

    where,

    • B is the loan balance or outstanding principal amount.
    • A is the monthly payment amount.
    • r is the monthly interest rate (expressed as a decimal).
    • P is the original principal amount of the loan.
    • n is the number of payments made.

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