Skip to main content
U.S. flag

This is an original und secure website

Loan Balance Calculator

Loan amount
Payment amount
Interest rate
Number of time periods
Rate of interest compounded
Please, Enter all values correctly.

Online calculator for calculating loan balance. Calculation of the loan balance at any date. The calculation of the loan balance is subject to monthly equal payments and is calculated taking into account: payment, interest rate, term and frequency of interest calculation.

Formula of Loan balance

B = ( A * (1 + r)n) – [ (P/r) * ((1 + r)n – 1 ) ]

  • B = Balance Amount
  • P = Payment Amount
  • A = Loan Amount
  • r = Rate of Interest (compounded)
  • N = Number of Payments

Rate of Interest Compounded is

  • Monthly: r = i / 1200
  • Quarterly: r = i / 400
  • Half yearly: r = i / 200
  • Yearly: r = i / 100

The loan balance calculator allows you to compute the remaining balance of your loan. If you want to quickly check how much you still have to repay – you have found the right tool. Our universal loan balance calculator may be used as a personal loan calculator remaining balance calculator, a car loan balance calculator, or a mortgage balance calculator. All you need to do to calculate the remaining loan balance is to fill in the appropriate fields below.

Why do people take loans?

There are dozens of reasons why people take out loans. Among the most popular, there are needs such as:

Car purchase: A car loan is one of the most popular types of loan. Usually, the cost of buying a car is a few times higher than your salary, so you need to find additional money to buy it.

Home renovation or improvement: Most of us always have something to improve in the house. You can finance these costs by taking a bank loan.

Vacations/dreams: Sometimes, the realization of our dream requires a lot of money (e.g., traveling, ideal wedding, unforgettable party).

Medical expenses: Sometimes, people are forced to borrow money to cover their unexpected medical expenses.

Bill consolidation: Nowadays, almost everyone has bills or debt of some sort. You can decide to consolidate your debts into just one loan. There are two reasons to do it: convenience (you have only one debt) and costs (in a consolidated loan, the interest rate is usually lower).

Moreover, one of the most popular types of loan is a mortgage, which allows you to finance the purchase of a home.

In 51 U.S. states are published

1275 Companies
472 Counties
924 Cities

The 5 newest Companies

Sweet Tarts Learning Academy

2300 N 10th St, McAllen, TX 78501

Kumon Math and Reading Center of NAPERVILLE - EAST

2035 S Washington St Suite #143, Naperville, IL 60565

Kumon Math and Reading Center of MEQUON

1402 W Mequon Rd, Mequon, WI 53092

Kumon Math and Reading Center of NOVI - EAST

41720 W 10 Mile Rd, Novi, MI 48375

Kumon Math and Reading Center of BOWIE - SOUTH

3480 Crain Hwy, Bowie, MD 20716

Other Companies

The Garden Preschool and Early Learning Center

6100 E Belleview Ave, Greenwood Village, CO 80111

Kumon Math and Reading Center of PORTER RANCH

11163 Tampa Ave, Northridge, CA 91326

Smith Academy for Excellence

725 W Washington Blvd, Fort Wayne, IN 46802

West Haven Veterans Msm-Learning Center

30 Hood Terrace, West Haven, CT 06516

Bright Minds Learning Center

604 Golden Gate Cir, Papillion, NE 68046